Latest Drilling at Gaoua Confirms Historical Data and Uncovers New Mineralization

Volta Resources Inc. report more significant copper-gold intercepts from the last drill holes of its 2008 diamond and reverse circulation (”RC”) drilling program at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. The latest drilling significantly expands the mineralized envelope towards the west at its Gongondy target, considerably increasing the mineral potential of the area.

The latest results are from two diamond drill holes (S63GON and S64GON) and four RC holes (GRC2-08 to GRC5-08) drilled on the southernmost part of the Gongondy target. Previous results from this program included 23 holes drilled at Gongondy and 15 holes drilled at Dienemera, which were reported in news releases dated October 30, 2008, November 06, 2008 and December 02, 2008 respectively. The Gongondy and Dienemera targets occur along a north-south oriented structural corridor, approximately 7km apart and are characterized by the presence of highly anomalous copper-gold mineralization hosted by hydrothermal breccia, which show porphyry copper characteristics.

At Gongondy, twenty-nine drill holes have now been completed for a total of 7,297.4 metres during the 2008 drilling campaign. Based on this drilling, two mineralized centers are recognized along a north striking breccia body, (the “northern” and the “southern” blocks), separated by a post-mineralization intrusive gabbro body. The latest drilling indicates that the westward dipping gabbro is intrusive in the southern block. The mineralized envelope in the southern block clearly extends further west than previously thought and may connect to the northern block west of the gabbro. Copper and gold mineralization has now been defined by reverse circulation and diamond drilling in a J-shape around the gabbro in the southern block, significantly increasing the tonnage potential of the mineralized envelope at Gongondy.

Management is encouraged by this drilling success. Further drilling is currently being planned to better delineate the extension of mineralization west of the gabbro. In addition, drilling using the Company’s recently acquired tractor-mounted powered auger rig is to commence shortly along the 7km porphyry corridor between Gongondy and Dienemera where alluvium and transported laterite regolith cover may have similarly masked the geochemical response of further copper and gold mineralization.

Over 23,000 metres of, mainly, diamond drilling have now been completed by Volta on the Gaoua project. The results from this phase of drilling, along with previous results, will be incorporated into an initial NI 43-101 resource estimate planned to be completed during the first quarter of 2009. 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 cash and short-term investments totaling $5.8 million, marketable securities with a quoted market value of approximately $3.5 million and 53.2 million common shares issued and outstanding.