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Thursday, April 17, 2008

TSX: VTR

Volta Resources Inc. Expands Its Property Portfolio In Burkina Faso


Toronto, ON - April 17, 2008 - Volta Resources Inc. ("Volta") (TSX: VTR) is pleased to announce that it has added two new prospective properties to its portfolio in Burkina Faso (see Figure 1 below). An exclusive exploration permit for the 55.45 km� Bansie property (see Figure 3) has been granted by the Ministry in charge of mining in Burkina Faso to Volta's subsidiary, Birim Goldfields Burkina Ltd. In addition, the 204 km� Titao I property (see Figure 2) has been acquired by another Volta subsidiary, Wentworth Gold SARL, from a Burkinab� citizen for a cash payment of US$75,000.

The Bansie property is located on the southern Hounde Belt, an emerging gold camp in Burkina Faso. This camp hosts Semafo's Mana Project (total reserves and resources of 1,242,000 ounces and inferred resources of 1,867,100 ounces) and Orezone's Bondigui property (total resources of 282,000 ounces and inferred resources of 149,600 ounces). The Bansie property comprises 7 km of cumulative strike from two significant gold-bearing structural corridors, one of which extends southward for 20 km on the Dossi property. Both the Bansie and Dossi properties are subject to extensive artisanal gold mining activity. The structure is marked by an intense deformation zone, which includes strong shearing and folding within Birimian metasediments in proximity to a contact with metavolcanic units on the eastern margin of the Hounde Belt. Locally, the shear zone exhibits intense carbonate and sericite alteration with a strong silicification overprint and the development of quartz vein stockworks. A soil and rock chip sampling program is already being undertaken in tandem with a detailed mapping program along the mineralised structural corridor and initial results are expected within two to three weeks.

The Titao I property is located in north central Burkina Faso, approximately 120 km north-northwest of the capital city of Ouagadougou, and is contiguous to the Company's Titao Sud concession. The Titao area occurs in an individual segment of the NNE trending Hounde Greenstone Belt, in the ENE inflection of the belt and near the junction with the Boromo-Goren belt. The Titao area exhibits two main mineralization trends: ENE and N-S, with both having associated quartz vein populations. The N-S trend is similar to that of regional N-S trending shears that are defined across the greater part of western Burkina Faso. The main river system in the area follows the N-S structures. The NE- to predominantly ENE-trending shears, visible in ASTER and airborne geophysical imagery, are dominant within the area.

Both the Titao Sud and Titao I permits are underlain in their central part by volcanic and volcano-sedimentary formations, intruded by several plutons, and are traversed by a major N45�E trending shear zone (the "Djibo deformation zone"). The properties are host to numerous gold occurrences, many of which have been worked by artisanal miners. Close to the properties and along trend, Riverstone Resources is developing its Rambo and Goulagou targets. Goulagou has a reported indicated resource of 280,000 ounces and an inferred resource of 270,000 ounces. A property-wide geological mapping program is currently being carried out over the Titao I and Titao Sud permits, as well as a soil and rock sampling over selected parts of the properties.

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

Volta Resources Inc. was created following a 50/50 merger of two experienced West African explorers, Birim Goldfields Inc. and Goldcrest Resources Ltd. The newly formed Company remains Canadian-based with its head office in Toronto, Ontario and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso. Volta is a mineral exploration company primarily focused on becoming the leader in the identification, acquisition and exploration of gold properties in West Africa.

Figure 1. Volta New Property Acquisitions Burkina Faso -- Bansie and Titao I Properties



Figure 2. Titao I Property; Geology and Key Features



Figure 3. Bansie Property; Geology and Key Features


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: (647) 388-1842
Fax: (416) 867-2298
Email: kbullock@voltarestresources.com

Investor Relations: Vancouver
Farah Alibhai
Tel: (604) 731-7340
Email: falibhai@voltaresources.com

Investor Relations: Toronto
Greg Taylor
Tel: (905) 337-7673
Email: gtaylor@voltaresources.com

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


 


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