Volta Undertakes Extensive Auger Drilling Program to Test Potential Between the Dienemera and Gongondy Deposits at the Gaoua Project

TORONTO - Volta Resources Inc. (”Volta” or the “Company”) (TSX:VTR) is pleased to
announce that an extensive auger drilling campaign is underway to test the
potential between the Dienemera and Gongondy deposits at Volta’s Gaoua
copper-gold porphyry project in southern Burkina Faso, West Africa.

On February 5, 2009, the Company announced an independent NI 43-101
compliant inferred resource estimate for the Gongondy and Dienemera deposits
on the Gaoua copper-gold porphyry project based on 26,661 metres of diamond
drilling in 92 holes and 1,305 metres in 15 reverse circulation (”RC”) holes
(See Volta press release dated February 5 2009). The NI 43-101 Technical
Report will be filed on SEDAR on, or before, March 22 2009.

At a 0.45% copper equivalent cut-off grade, the Dienemera and Gongondy
deposits host an initial Inferred Resource of 82,600,000 tonnes grading 0.40%
copper and 0.40 g/t gold for a total of 724,880,000 lbs of copper and
1,072,900 ounces of gold. The individual resource estimate for each deposit
is provided in the table below. Copper Equivalent (CuEQ) has been calculated
from assumed revenues of USD 3,000 per tonne of copper and USD 700 per ounce
of gold with metallurgical recovery assumed to be 85% and 70% respectively
based on initial QEMSCAN results. Gold grade has been multiplied by 0.6 and
added to the copper grade to provide CuEQ grade. The cut off grade further
assumes typical costs of USD 2 per tonne for mining and USD 10 per tonne for
processing and general administration costs.

—————————————————————–
Cut-off
Grade Tonnage Copper Gold
——————————————————
greater
than
DEPOSIT (CuEQ %) (tonnes) % lbs g/t Oz
—————————————————————–
Dienemera 0.45 23,000,000 0.50 255,075,000 0.21 155,300
—————————————————————–
Gongondy 0.45 59,600,000 0.36 469,805,000 0.48 917,600
—————————————————————–
TOTAL 0.45 82,600,000 0.40 724,880,000 0.40 1,072,900
—————————————————————–

——————————–
Copper Equivalent
———————
DEPOSIT % lbs
——————————–
Dienemera 0.63 319,009,000
——————————–
Gongondy 0.65 847,236,000
——————————–
TOTAL 0.64 1,166,245,000
——————————–

The Company is confident that there is good potential to significantly
increase and upgrade these resources. The areas where this potential could be
realized include:

1. The main zones at both Dienemera and Gongondy have not been closed
off by drilling to date and potential for extensions exist. At
Dienemera, the mineralized breccia zone remains open along strike
both to the north and south as well as down dip. At Gongondy, the
mineralized breccia zone is open to the north and down dip.

2. Recent geological modeling carried out at Gongondy has identified
that the breccia body hosting the copper-gold mineralization at
Gongondy is very likely to occur to the west of a post-mineral gabbro
intrusive (the Gongondy West zone), possibly adding more than 800
metres of strike of mineralization at comparable grades and widths as
seen along the 1,800 metres of strike modeled and included in the
current resource. This is also supported by the occurrence of a
parallel high chargeability signature identified during 3D Induced
Polarization (”IP”) geophysical survey to the west of the gabbro.
This signature is related to a high pyrite zone (up to 20%) occurring
as a halo around the known copper-gold zone. The Gongondy West zone
was not identified during soil sampling surveys due to the presence
of transported alluvial cover masking both the copper and gold
geochemical response (See Figure 1).
To view Figure 1, please go to:
files.newswire.ca/407/VoltaFigure1.doc

3. The 6 kilometer gap between Dienemera and Gongondy exhibits similar
high chargeability IP signatures as seen at both deposits. The area
is however largely covered by transported alluvium and the
geochemical response could also be masked, as seen at Gongondy West.

4. Known breccia-hosted, porphyry-style, copper-gold mineralization has
been identified by limited drilling (5 RC drill holes) at Mont Biri,
located approximately 2 kilometers north of Dienemera. Significant
intersections, from drilling carried out in 2007 by Goldcrest
Resources Ltd., a predecessor company to Volta, include 13 metres
(at) 1.53% copper & 1.07g/t gold and 47 metres (at) 0.26% copper (See
Goldcrest Press Release dated October 22, 2007).

The Company has purchased its own tractor-mounted power auger drilling
rig in order to adequately sample areas where complex and transported
regolith cover has potentially masked the geochemical response expected over
mineralization possibly associated with the features described above. The
auger drilling program has already commenced and is outlined below (see
Figure 2) - To view Figure 2, please go to
files.newswire.ca/407/VoltaFigure2.doc

Phase 1:
- 85 holes are planned at Gongondy West and south of Gongondy along 5
traverses spaced 400-500 metres apart. Holes will be drilled every 50
metres along the traverses which range in length between 300 and 900
metres. The expected average depth of the holes is approximately 7
metres, given the depth of cover. This extends over a strike length
of 1.75 kilometers.
- 233 holes planned between Gongondy and Dienemera along 7 traverses
spaced 700 to 1200 metres apart. Holes will be drilled every 50
metres along the traverses which range in length between 750 and
2,000 metres. This will add another 7,200 metres of strike length
investigated.

Phase 2:
- A provision has been made for approximately 400 further holes for
infill drilling over narrower traverses in areas where the initial
lines intersect mineralization between Gongondy and Dienemera.

In addition to auger drilling, 3D inversion techniques are being applied
to the high resolution airborne magnetic data collected by the Company late
last year. This is expected to generate additional regional targets along the
35 kilometers of strike of the “porphyry trend” that occurs on the Gaoua
properties.

Under the guidelines of National Instrument 43-101, the qualified person
for the Gaoua copper-gold project is Mr. Guy Franceschi, Vice President,
Exploration for the Company. 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 focused on becoming the leader in
the identification, acquisition and exploration of gold properties in West
Africa. The Company is committed to West African exploration and is
Canadian-based with its head office in Toronto, Ontario and operations
offices in Accra, Ghana and Ouagadougou, Burkina Faso. The Company currently
has approximately $5.0 million in cash and approximately $2.6 million in
marketable securities. There are 53.2 million common shares issued and
outstanding.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release.

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.

For further information: please refer to our website
www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President
& CEO, Tel: +1-416-867-2299, Fax: +1-416-867-2298, Email:
kbullock@voltaresources.com; Investor Relations: Vancouver, Farah
Alibhai, Tel: +1-604-731-7340, Email: falibhai@voltaresources.com

Source: Volta Resources Inc.

For further information: Kevin Bullock, P.Eng., President & CEO, Tel: +1-416-867-2299, Fax: +1-416-867-2298, Email: kbullock at voltaresources.com; Investor Relations: Vancouver, Farah
Alibhai, Tel: +1-604-731-7340, Email: falibhai at voltaresources.com