Volta drilling confirms a new porphyry copper target at its Gaoua Project in
southwestern Burkina Faso

TSX: VTR

TORONTO, Feb. 26 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) announces that a five hole scout drilling program, recently completed on the Company's wholly-owned Gaoua Project in southwestern Burkina Faso, has confirmed porphyry-style copper mineralization at the Boussera Target. The mineralization is similar to that encountered at the Dienemera and Gongondy copper-gold porphyry deposits on the Gaoua Project, where a maiden NI43-101 compliant resource comprising more than 1 million ounces of gold and 720 million pounds of copper have been estimated (see Figure 1 and Table 3).

Commenting on the results Guy Franceschi, Vice-President, Exploration of Volta stated, "These results are very encouraging in that they confirm the presence of copper-gold mineralization of the first of many "blind" targets identified by Volta following 3D processing of the airborne magnetic data and by auger drilling under cover. This deeper reverse circulation ("RC") drilling program undertaken at Boussera was limited to the eastern edge of a very large auger-defined copper-gold anomaly which will require additional drilling to fully test. The results underline the prospectivity of the 35km long porphyry corridor which host many more blind targets which remain to be tested."

Highlights from the initial five hole program include 24m @ 0.25% Cu, 13m @ 0.2% Cu and 10m @ 0.28% Cu. Four of the five holes were drilled to depths of 90 meters, one hole (GDRC5) was halted at 51m depth due to technical problems with the drill rig and before reaching the inferred extension of the mineralization. All holes were drilled on the same section, inclined at -55degrees to the east (see Figure 2). In all, 409 samples and 63 control samples (standards duplicates and blanks), were submitted to ALS Chemex's laboratories in Ouagadougou, Burkina Faso for gold analysis and Vancouver, Canada, for copper analysis. Gold analyses were done by fire assay on a 50g charge while copper analyses were done by atomic absorption spectrometry after Acqua Regia digestion. The copper results should be considered as representing only the leachable portion of the copper present.

    
    Table 1: Highlights of copper-gold intersections at Boussera.
    -------------------------------------------------------------------------
    HOLE ID     FROM (m)     TO (m)  INTERVAL (m)   Cu (ppm)  Au (g/t)
    -------------------------------------------------------------------------
    GDRC1            18         28            10       2842   (less than)0.1
    -------------------------------------------------------------------------
    GDRC1            47         50             3       3067   (less than)0.1
    -------------------------------------------------------------------------
    GDRC3             8         32            24       2559   (less than)0.1
    -------------------------------------------------------------------------
    GDRC4            45         58            13       2050   (less than)0.1
    -------------------------------------------------------------------------
    1) Intervals are drilled lengths. True width is unknown at this time.
    2) Intersections are based on a 0.2% Cu cut-off with no top cut applied.
    Internal dilution (less than 0.2% Cu) has been carried to a maximum of
    2m. The 0.2% Cu cut-off best expresses the lower-grade envelope. 3) The
    intersections listed in the table represent sections of at least 3m@
    0.2% Cu. 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 and gold assaying (FA) and to ALS
    Chemex in Vancouver for Cu assaying by atomic absorption spectrometry.
    6) One standard, one blank and one field duplicate were inserted
    respectively every 15, 30 and 20 samples. The blanks, certified standards
    and check assays confirm that all assays used to compile the
    intersections quoted here have passed Volta's rigorous QA/QC checks.
    

The mineralization occurs in brecciated diorite under complex regolith, including transported laterite and alluvium, which has resulted in muting or even masking the geochemical response normally provided by soil sampling. The target was initially identified by processing of the Company's high resolution heli-borne geophysical data, supported by ground Induced Polarization ("IP") geophysical surveys (see news release of 2 April 2009). Subsequent auger drilling confirmed the presence of a large copper-gold anomaly at Boussera (see news release of 28 September 2009), about half-way between the Gongondy and Dienemera deposits (see Figure 1). The drill-tested small eastern portion of the Boussera Cu-Au anomaly has returned low gold values.

The identification of a porphyry-style, breccia-hosted copper mineralization at Boussera underlines the prospectivity of the area to identify additional copper-gold porphyry occurrences on the Gaoua Project. The Boussera occurrence is one of 30 targets, including the known mineralization at Gongondy, Dienemera and Mont Biri, that have been identified from three dimensional ("3D") processing and interpretation the Company's heli-borne magnetic data over the Gaoua project. The value of 3D data processing methodology has now been clearly demonstrated and justifies the systematic follow-up of all the other targets with shallow auger drilling and subsequent RC and core drilling.

    
    Table 2: Borehole collar coordinates and orientation parameters.
    -------------------------------------------------------------------------
                                   ELEVATION  AZIMUTH  INCLINATION   DRILLED
    HOLE_ID  EASTING* NORTHING*  (m)*  (degrees)  (degrees)   DEPTH (m)
    -------------------------------------------------------------------------
    GDRC1     498575     1145150         323       90           55        90
    -------------------------------------------------------------------------
    GDRC2     498525     1145150         325       90           55        90
    -------------------------------------------------------------------------
    GDRC3     498475     1145150         326       90           55        90
    -------------------------------------------------------------------------
    GDRC4     498425     1145150         326       90           55        90
    -------------------------------------------------------------------------
    GDRC5     498375     1145150         327       90           55        51
    -------------------------------------------------------------------------
    * Datum WGS84, coordinates as planned, final coordinates to be surveyed
        and confirmed.
    

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 project (See Volta press release dated February 5 2009). The resource estimate was calculated by SRK Consulting (UK) Ltd. 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 commodity prices of USD 3,000 per tonne for 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 US$2 per tonne for mining and US$10 per tonne for processing and general administration costs.

    
    Table 3: Maiden NI43-101 compliant copper-gold resource estimate for the
    Gaoua Project.
    -------------------------------------------------------------------------
              Cut-off                                             Copper
               Grade  Tonnage     Copper           Gold         Equivalent
             ----------------------------------------------------------------
             (greater
               than)  (tonnes)           lbs                             lbs
    DEPOSIT  (CuEQ %)  (000's)    %   (000's)  g/t        Oz     %    (000's)
    -------------------------------------------------------------------------
    Dienemera  0.45    23,000  0.50  255,075  0.21   155,300  0.63   319,009
    -------------------------------------------------------------------------
    Gongondy   0.45    59,600  0.36  469,805  0.48   917,600  0.65   847,236
    -------------------------------------------------------------------------
    TOTAL      0.45    82,600  0.40  724,880  0.40 1,072,900  0.64 1,166,245
    -------------------------------------------------------------------------
    

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 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.

    
    To view Figure 1 and 2, please visit:
    http://files.newswire.ca/407/VoltaRes_Fig1and2.doc

    Figure 1: Regional setting for copper-gold targets on the Gaoua Project.
    Figure 2: Boussera Target on IP Chargeabilty Image.
    

%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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