Results of shareholder meetings of Birim Goldfields Inc. and Goldcrest Resources Ltd.



    TORONTO, March 31 /CNW/ - Birim Goldfields Inc. ("Birim") (TSX: BGI) and
Goldcrest Resources Ltd. ("Goldcrest") (TSX-V: GCL) are pleased to announce
that their respective shareholders have approved the amalgamation
("Amalgamation") of Birim and Goldcrest to form Volta Resources Inc.
("Volta"), as previously described in a press release issued January 30, 2008.
The Amalgamation is effective at midnight tonight. The common shares of Volta
are expected to begin trading later this week on the Toronto Stock Exchange
("TSX") under the symbol VTR.
    Management of the new company will be led by a team consisting of Kevin
Bullock as President and Chief Executive Officer, Victor King as Chief
Operating Officer, Robert Whittall as Chief Financial Officer, and Guy
Franceschi as Vice President, Exploration. Denis Simoneau will be Chairman of
the new board of six directors. Birim has nominated three directors including
Denis Simoneau, Victor King and Lewis Lawrick and Goldcrest has nominated
three directors including Kevin Bullock, Robert Whittall and Gordon Bogden.
    Pursuant to the Amalgamation, shareholders of Birim will exchange all of
their Birim shares for Volta shares on the basis of 2.6 Birim common shares
for each Volta common share (the "Birim Exchange Ratio"). Shareholders of
Goldcrest will exchange all of their outstanding Goldcrest shares for Volta
shares on the basis of 3.0 Goldcrest common shares for each Volta common share
(the "Goldcrest Exchange Ratio"). Outstanding warrants and options to acquire
common shares of Birim and Goldcrest will be exchanged for warrants and
options to acquire common shares of Volta on the basis of the Birim Exchange
Ratio and the Goldcrest Exchange Ratio, respectively. Shares of Birim and
Goldcrest will continue to trade on the TSX and TSX Venture Exchange,
respectively, until immediately before the Volta shares begin trading on the
TSX. Such shares of Birim and Goldcrest will represent rights to acquire Volta
shares.
    Volta will have approximately 53,247,852 issued and outstanding common
shares on an undiluted basis, 26,011,995 to be held by former Birim
shareholders and 27,235,858 to be held by former Goldcrest shareholders which
represents ownership of Volta of 48.9% by Birim shareholders and 51.1% by
Goldcrest shareholders. Volta will have approximately 59,153,144 issued and
outstanding common shares on a fully diluted basis, 29,828,953 to be held by
former Birim shareholders and 29,324,191 to be held by former Goldcrest
shareholders which represents ownership of Volta of 50.4% by Birim
shareholders and 49.6% by Goldcrest shareholders.
    Information about Volta, its exploration activities and corporate
progress will be available at www.voltaresources.com once trading commences on
the TSX.

    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 Goldcrest or Birim or the combined
company 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 Goldcrest and
Birim 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. Goldcrest and Birim do not
undertake to update any forward-looking statements that are incorporated by
reference herein, except in accordance with applicable securities laws.

    Neither the TSX Venture Exchange nor the Toronto Stock Exchange accept
    responsibility for the adequacy or accuracy of this news release.





For further information:

For further information: Birim Goldfields Inc.: Denis Simoneau,
Chairman; Victor King, President & CEO, Tel: (514) 393-8611, Toll Free:
1-800-721-8611, Email: info@birim.com, Email: vic.king@birim.com; Farah
Alibhai, Investor Relations, Tel: (604) 731-7340, Email: farah@birim.com,
Website: www.birim.com; Goldcrest Resources Ltd.: Kevin Bullock, P.Eng.,
President & CEO, Tel: (647) 388-1842, Fax: (416) 867-2298, Email:
kbullock@goldcrestresources.com; Greg Taylor, Investor Relations, Tel: (905)
337-7673, Email: gtaylor@g-tinvestorrelations.com, Website:
www.goldcrestresources.com

Organization Profile

GOLDCREST RESOURCES LTD.

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BIRIM GOLDFIELDS INC.

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