Volta confirms wide gold mineralization, including higher grade intercepts,
at its Kiaka Gold Project in Burkina Faso

-Volta intersects 136m @ 1.66g/t on the KMZ Zone at Kiaka-

TSX: VTR

TORONTO, Dec. 16 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the results from the first 3 holes completed on it's Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. Volta acquired the property from Randgold Resources, with the transaction being approved by shareholders on November 13th, 2009. The company commenced an aggressive drilling program comprising more than 150 holes for over 22,000 metres on November 22nd, 2009 (see Figure 1 - http://files.newswire.ca/407/Volta_Resources.pdf). Volta intends to complete the program by the end of April 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010. To date, 9 holes have been completed.

The results for the first 3 holes drilled on Section 5250N have already been received from ALS Chemex Laboratories in Ouagadougou. The highlights include:

    
    - KRD25            from 0.0 to 136.0m - 136.0m         @ 1.66 g/t gold
        -  Including                             -   21.0m @ 3.10 g/t gold
        -  And including                         -   50.8m @ 1.78 g/t gold
    - KRD26            from 1.0 to 166.0m - 165.0m         @ 0.83 g/t gold
        -  Including                             -   40.0m @ 1.15 g/t gold
    - KRD27              from 2.1m - 36.1m - 34.0m         @ 1.40 g/t gold
        -  Including                             -   14.0m @ 2.25 g/t gold
    

Kevin Bullock, Volta's President and CEO, said, "These first impressively wide intersections clearly support Kiaka's historical potential outlined by Randgold. More importantly, they bode well for Volta's decision to aggressively focus on Kiaka as its premier development project."

Vic King, Volta's COO, said, "The results from Volta's infill drillholes confirm the impressive width of the KMZ zone, previously defined by Randgold on the same section in holes KDH05 and KDH14. More importantly, Volta's closer drill spacing has better defined the continuity on the section of discrete higher grade zones. These were initially observed during Volta's due diligence review of the project. Our logging has confirmed that the higher grade zones can be broadly correlated with brittle-ductile deformation, a strong secondary structural fabric and a distinct alteration assemblage. These relationships will facilitate confidently tracking these higher grade zones from section to section, thereby improving geological modeling and resource estimation, with positive implications for improving overall project economics."

Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the 700m long KHZ zone. The program will infill and extend drilling such that the KMZ zone is drilled to 50m x 50m spacing from surface to a 150m depth and 100m x 50m from 150m to 200m depth. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to a 100m depth and 100m x 50m from 100m to 150m. Planning and optimization of the drill program was undertaken with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered as efficiently as possible.

In order to appreciate the extent and geometry of the mineralization on the 5250N section, the results for the three Volta holes and two of Randgold's holes are highlighted in the Table1 below and on the section (see Figure 2 - http://files.newswire.ca/407/Volta_Resources.pdf). Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in Ouagadougou. Both Volta and Randgold sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.

The intersections listed in the Table 1 below are based on a 0.3 g/t gold cut-off with maximum internal dilution of 5m for the lower grade mineralization envelope. 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. Details of the drilling are provided in Table 2.

    
    ---------------------------------------------------------------------
    Hole ID                 From        To    Length    Grade    Company
    ---------------------------------------------------------------------
    KRD25                   0.00    136.00    136.00     1.66      Volta
    ---------------------------------------------------------------------
    KRD25     including     1.20     22.20     21.00     3.10
    ---------------------------------------------------------------------
    KRD25     including    33.20     38.20      5.00     1.13
    ---------------------------------------------------------------------
    KRD25     including    46.20     51.20      5.00     1.95
    ---------------------------------------------------------------------
    KRD25     including    56.20    107.00     50.80     1.78
    ---------------------------------------------------------------------
    KRD25     including   114.00    128.00     14.00     1.39
    ---------------------------------------------------------------------
    KRD25     including   131.00    136.00      5.00     3.95
    ---------------------------------------------------------------------
    KRD25           AND   143.00    152.05      9.05     1.18
    ---------------------------------------------------------------------
    KRD26                   1.00    166.00    165.00     0.83      Volta
    ---------------------------------------------------------------------
    KRD26     including     2.00      5.00      3.00     1.12
    ---------------------------------------------------------------------
    KRD26     including    13.00     17.00      4.00     2.98
    ---------------------------------------------------------------------
    KRD26     including    20.00     25.00      5.00     3.15
    ---------------------------------------------------------------------
    KRD26     including    28.00     37.00      9.00     1.01
    ---------------------------------------------------------------------
    KRD26     including    40.00     43.00      3.00     1.25
    ---------------------------------------------------------------------
    KRD26     including    53.00     93.00     40.00     1.15
    ---------------------------------------------------------------------
    KRD26     including   151.00    155.00      4.00     2.18
    ---------------------------------------------------------------------
    KRD27                   2.10     36.10     34.00     1.40      Volta
    ---------------------------------------------------------------------
    KRD27     including     5.10      8.10      3.00     3.73
    ---------------------------------------------------------------------
    KRD27     including    18.10     32.10     14.00     2.25
    ---------------------------------------------------------------------
    KDH05                   6.00     16.00     10.00     0.78   Randgold
    ---------------------------------------------------------------------
    KDH05           AND    23.00    238.00    215.00     1.42
    ---------------------------------------------------------------------
    KDH05     including    30.00     35.00      5.00     2.93
    ---------------------------------------------------------------------
    KDH05     including    41.00    113.00     72.00     2.17
    ---------------------------------------------------------------------
    KDH05     including   120.00    129.00      9.00     0.89
    ---------------------------------------------------------------------
    KDH05     including   139.00    150.00     11.00     1.11
    ---------------------------------------------------------------------
    KDH05     including   155.00    202.00     47.00     1.57
    ---------------------------------------------------------------------
    KDH05     including   224.00    228.00      4.00     1.44
    ---------------------------------------------------------------------
    KDH14                   7.00     22.00     15.00     0.64   Randgold
    ---------------------------------------------------------------------
    KDH14           AND    15.00     18.00      3.00     1.48
    ---------------------------------------------------------------------
    KDH14           AND    57.00     61.00      4.00     1.67
    ---------------------------------------------------------------------
    KDH14     including    57.00     61.00      4.00     1.67
    ---------------------------------------------------------------------
    KDH14           AND    87.00    271.00    184.00     1.57
    ---------------------------------------------------------------------
    KDH14     including    88.00     95.00      7.00     1.37
    ---------------------------------------------------------------------
    KDH14     including   124.00    129.00      5.00     2.37
    ---------------------------------------------------------------------
    KDH14     including   132.00    136.00      4.00     1.45
    ---------------------------------------------------------------------
    KDH14     including   155.00    184.00     29.00     2.42
    ---------------------------------------------------------------------
    KDH14     including   192.00    204.00     12.00     1.08
    ---------------------------------------------------------------------
    KDH14     including   207.00    228.00     21.00     2.74
    ---------------------------------------------------------------------
    KDH14     including   239.00    259.00     20.00     4.20
    ---------------------------------------------------------------------
    KDH14           AND   279.00    290.00     11.00     1.31
    ---------------------------------------------------------------------
    KDH14           AND   280.00    286.00      6.00     2.19
    ---------------------------------------------------------------------

    NOTES:

    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 of 5m for the lower grade mineralization envelope.
       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.
    3) 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.
    4) Dry 1m-interval 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
    5) Samples were sent to ALS Chemex in Ouagadougou for standard
       preparation followed by Fire Assay on a 50g charge.
    6) Certified standards were inserted every 15 samples, field duplicates
       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.
    7) All drill holes were pre-collared in Reverse Circulation (RC) and
       finished with a diamond tail (see table 2).
    

The Kiaka gold project lies at the intersection of the northeast striking Tenkodogo greenstone belt and the regionally significant north striking Markoye Fault, in whose proximity some of the larger gold resources discovered in Burkina Faso so far, have been discovered. These include Iamgold's Essakane deposit (5.1 M oz), High River Gold's Taparko deposit (1.7 M oz), Orezone's Bombore deposit (2.1 M oz) and Etruscan's Youga deposit (1.5 M oz).

    
    TABLE 2: Borehole collar coordinates and orientation parameters.
    -------------------------------------------------------------------------
                                        Total
    Hole                       Elevat-  Depth     Dip   Azimuth  RC     DD
    ID     Easting   Northing     ion    (m)   degrees  degrees  (m)    (m)
    -------------------------------------------------------------------------
    KRD25  739,297  1,289,324   269.75  155.20   -56      315   72.20   83.00
    -------------------------------------------------------------------------
    KRD26  739,280  1,289,341   267.43  170.33   -54      135   66.00  104.33
    -------------------------------------------------------------------------
    KRD27  739,316  1,289,306   266.82   90.20   -52      135   59.10   31.10
    -------------------------------------------------------------------------
    

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 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.

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

SOURCE Volta Resources Inc.

For further information: 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@voltaresources.com

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