Volta Resources Intersects 146.0 Meters at 1.26 g/t Gold, Including 20.85 Meters at 2.47g/t Gold at its Kiaka Gold Project in Burkina Faso

Also 125.0 m @ 1.27 g/t gold, including 22.0 m @ 2.17 g/t gold -

TORONTO, December 15, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the
drill results from the next completed section from its on-going drilling
program comprising more than 250 holes for approximately 50,000 meters in the
Central Area at its Kiaka Gold Project in Burkina Faso (see News Release of
22 September 2010).

Results have been received for all 7 holes located on Section 5325N (See
Figure 1), some 50m NE of previous released section 5275N (see News Release
of November 29th). These holes aimed at infilling the main deposit defined so
far in the Central Area to 25m x 50m drill spacing and to extend the drilling
depth down another 100 vertical meters from its current 200m level. The
highlights from this section include:

    - KRD148 : 23.25m @ 2.15g/t Au AND 125.0m @ 1.27g/t Au, including 22.0m @
               2.17g/t Au and including 9.0m @ 3.24g/t Au
    - KRD149 : 146.0m @ 1.26g/t Au, including 20.85m @ 2.47g/t Au AND 106.8m
               @ 0.80g/t Au.
    - KRD152 : 209.0m @ 0.99g/t Au, including 33.0m @ 1.64g/t Au
    - KDH159 : 6.0m @ 2.26g/t Au
    - KDH161 : 127.0m @ 1.17g/t Au AND 106.0m @ 1.17g/t Au, including 35.4m @
               1.82g/t Au
    - KDH166 : 132.0m @ 1.07g/t Au, including 15.0m @ 2.35g/t Au and
               including 6.0m @ 2.30g/t Au

Kevin Bullock, Volta's President & CEO, said, "The importance of these
holes is that "Kiaka" style mineralization continues well below our
previously deepest drilled depths. The infill holes show great consistency of
the orebody while the deeper holes are confirming vertical continuity,
enhancing the potential to increase existing gold resources at depth.
Drilling continues at Kiaka and we now have 4 drill rigs carrying out an
aggressive program."

The holes on Section 5325N have extended the mineralization to a vertical
depth of over 300 meters and confirm widths in excess of 200 meters to the
KMZ zone.

Results for the holes are highlighted in Table 1 and in Figure 2.
Analyses of the Volta samples were undertaken by fire assay on a 50g charge
at ALS Chemex Laboratories in Ouagadougou. Volta's sampling and assay
procedures included QA/QC elements that employed the inclusion of certified
standards and blanks.

Table 1: Highlights of gold intersections for Section 5325N

    BHID     FROM(m)  TO(m)  INTERVAL(m)  Au g/t  COMMENTS/REMARKS

    KRD148    64.00  80.00        16.00   0.89
      INCL    64.00  76.00        12.00   1.04
    AND      140.00 163.25        23.25   2.15
    AND      176.00 301.00       125.00   1.27
      INCL   186.00 201.00        15.00   1.92
      INCL   204.00 226.00        22.00   2.37
      INCL   234.00 241.00         7.00   1.41
      INCL   247.00 252.00         5.00   1.07
      INCL   261.00 277.00        16.00   1.80
      INCL   280.00 289.00         9.00   3.24
    AND      312.00 411.30        99.30   0.88   HALTED IN MINERALIZATION
      INCL   326.00 333.00         7.00   0.80
      INCL   336.00 339.25         3.25   1.54
      INCL   353.00 384.00        31.00   1.09
      INCL   388.00 396.00         8.00   1.42
    KRD149    53.00 199.00       146.00   1.26
      INCL    53.00  60.00         7.00   1.24
      INCL    63.00  75.00        12.00   1.19
      INCL    82.00  88.00         6.00   1.18
      INCL   102.00 122.85        20.85   2.47
      INCL   127.60 134.00         6.40   1.61
      INCL   137.00 154.00        17.00   1.79
      INCL   158.00 171.00        13.00   1.28
      INCL   175.00 184.00         9.00   1.44
      INCL   187.10 198.00        10.90   1.37
    AND      224.00 330.80       106.80   0.80
      INCL   235.10 245.20        10.10   0.97
      INCL   248.00 261.35        13.35   1.49
      INCL   320.00 330.80        10.80   1.36
    KRD152     2.00 211.00       209.00   0.99   MID Increased to 6.8m
      INCL    11.00  35.00        24.00   1.09
      INCL    40.00  51.00        11.00   1.45
      INCL    55.80  63.00         7.20   1.15
      INCL    90.00  99.00         9.00   1.57
      INCL   101.00 134.00        33.00   1.64
      INCL   138.00 184.00        46.00   1.13
    AND      220.00 250.00        30.00   0.54
      INCL   220.00 223.00         3.00   1.26
    KDH157    11.00 101.00        90.00   0.59
      INCL    36.80  41.00         4.20   1.58
      INCL    94.00 100.00         6.00   1.31
    AND      146.00 153.00         7.00   1.01
    AND      165.00 193.00        28.00   0.70
    KDH159    14.60  18.00         3.40   2.25
    AND       23.00  40.00        17.00   0.92
    AND       55.10  76.00        20.90   0.83
      INCL    60.00  71.00        11.00   1.10
    AND       82.00 112.00        30.00   0.90
      INCL    82.00  88.00         6.00   2.26
    AND      116.50 135.10        18.60   0.82   HALTED IN MINERALIZATION
      INCL   128.00 133.00         5.00   1.89
    KDH161     1.20  46.00        44.80   0.56
      INCL     2.10   6.00         3.90   1.37
      INCL    13.00  18.00         5.00   1.05
    AND       67.00 194.00       127.00   1.17
      INCL    77.40  80.50         3.10   1.71
      INCL   116.00 130.00        14.00   1.40
      INCL   136.00 193.00        57.00   1.69
    AND      204.00 310.00       106.00   1.17
      INCL   204.00 211.70         7.70   1.15
      INCL   219.00 224.90         5.90   1.25
      INCL   227.60 263.00        35.40   1.82
      INCL   269.00 277.00         8.00   1.69
      INCL   295.00 299.00         4.00   3.56
    KDH166     5.00 137.00       132.00   1.07
      INCL    20.00  30.00        10.00   2.00
      INCL    34.00  37.00         3.00   2.08
      INCL    59.00  68.00         9.00   1.88
      INCL    78.80  91.00        12.20   1.18
      INCL    98.00 113.00        15.00   2.35
      INCL   121.00 127.00         6.00   2.30

    Notes on Tables 1:

    1) Intervals are core length. True width is unknown at this time.

    2) Intersections are based on a 0.3 g/t gold cut-off with maximum
    internal dilution (MID) of 5m for the lower grade mineralization envelop
    (increased to 6.8m in KDH166).

    3) In order to highlight the continuity of the high grade zone, a 0.8 g/t
    gold cut-off with maximum internal dilution of 2m has been used. No top
    cut has been applied.

    4) The intersections listed in the table represent sections of at least
    3m in excess of 1g/t Au and/or sections of at least 10m in excess of
    0.5g/t Au.

    5) The intersections represent sections drilled by reverse circulation
    (RC) and/or cored drilling (see Table 2).

    6) The RC portions of the drill holes were sampled at 1-m intervals. Dry
    samples were riffle-split to provide 2 kg samples sent to the laboratory.
    Wet samples were dried in the field, then riffle-split in the same way.
    The cored portion of the drill holes were sampled at one metre intervals
    and cut in half using a diamond saw. Half-core is archived at the core
    storage facility on site while the other half was sent to the laboratory.

    7) Samples were sent to ALS Chemex in Ouagadougou for standard
    preparation followed by Fire Assay on a 50g charge.

     Certified standards were inserted every 15 samples, field duplicates
    (in the RC portions) about every 20 and blanks about every 30 samples.
    The blanks, certified standards and duplicate assays confirm that all
    assays used to compile the intersections quoted here have passed Volta's
    rigorous QA/QC checks.

TABLE 2: Borehole collar coordinates and orientation parameters for
Section 5325N

    Hole ID Easting Northing Elevation Depth    Dip     Azimuth   RC   DD
                                (m)     (m)  (degrees) (degrees) (m)   (m)

    KRD148   739228  1289498   271.2   411.3    -60       135     60  351.3
    KRD149   739263  1289462   269.7   335.6    -60       135     60  275.6
    KRD152   739298  1289426   268.9   273.0    -58       135   54.4  218.6
    KDH157   739332  1289390   268.0   201.0    -55       135      -  201.0
    KDH159   739367  1289355   266.8   135.1    -55       135      -  135.1
    KDH161   739402  1289319   265.4   325.5    -60       315      -  325.5
    KDH166   739334  1289392   268.0   163.9    -55       315         163.9

Under the guidelines of National Instrument 43-101, the qualified person
for the Kiaka Gold Project is Mr. Guy Franceschi, Vice President, Exploration
for Volta. Mr. Franceschi is a member of the European Federation of
Geologists and has reviewed and approved the contents of this news release.

Volta is a mineral exploration company primarily focused on becoming a
leader in the identification, acquisition and exploration of gold properties
in West Africa. The Company is currently fast-tracking its flagship Kiaka
Gold Project, located in Burkina Faso, towards a development decision.

To view Figure 1 and Figure 2, please visit:
files.newswire.ca/407/voltafigure1and2.pdf

Forward Looking Information Caution:

This press release presents "forward-looking statements" within the
meaning of Canadian securities legislation that involve inherent risks and
uncertainties. Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold and other minerals and
metals, the estimation of mineral reserves and resources, the realization of
mineral reserve estimates, the capital expenditures, costs and timing of the
resources, the realization of mineral reserve estimates, the capital
expenditures, costs and timing of the development of new deposits, success of
exploration activities, permitting time lines, currency exchange rate
fluctuations, requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation expenses,
title disputes or claims and limitations on insurance coverage. Generally,
these forward-looking statements can be identified by the use of forward
looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Volta to be materially different
from those expressed or implied by such forward looking statements, including
but not limited to: risks related to international operations, risks related
to the integration of acquisitions; risks related to joint venture
operations; actual results of current exploration activities; actual results
of current or future reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined;
future prices of gold and other minerals and metals; possible variations in
ore reserves, grade or recovery rates; failure of equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the
mining industry; and delays in obtaining governmental approvals or financing
or in the completion of development or construction activities. Although the
management and officers of Volta believe that the expectations reflected in
such forward-looking statements are based upon reasonable assumptions and
have attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. Volta
Resources does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with applicable
securities laws.

%SEDAR: 00026749E

    For further information:

    please refer to our website www.voltaresources.com or contact:

    Kevin Bullock, P.Eng., President & CEO
    Tel: +1-647-388-1842
    Fax: +1-416-867-2298
    Email: kbullock@voltaresources.com

    or

    Andreas Curkovic, Investor Relations
    +1-416-577-9927

For further information: please refer to our website www.voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO, Tel: +1-647-388-1842, Fax: +1-416-867-2298, Email: kbullock at voltaresources.com or Andreas Curkovic, Investor Relations, +1-416-577-9927.