Volta grants option to Predictive Discovery Proprietary Limited on specified Bui Belt licenses in Ghana



    TSX: VTR

    TORONTO, Sept. 8 /CNW/ - Volta Resources Inc. ("Volta" or the "Company")
(TSX:VTR) is pleased to announce that the Company's wholly-owned subsidiary,
Birim Goldfields Ghana Ltd. ("BGG") has entered into a Framework Agreement
with Predictive Discovery Proprietary Limited ("PDPL") granting PDPL a period
of six months to apply its unique predictive mineral discovery technology to
the Company's historical exploration data on the Bui Belt in the Brong Ahafo
Region in Ghana. The agreement pertains to the historical Bui Reconnaissance
License and specifically includes the Akrobi-Kakum, Tainso West, Chechewere,
Bui East, Brohani, Nasana, Banda Nkwanta, Wewa, portions of the Cluster and
Parabu Prospecting Licenses. The agreement also covers the Kalebu
Reconnaissance License which was acquired in 2007 (See Figure 1). These are
the Included Licenses.
    The properties where Volta Resources is currently active advancing
priority prospects include the Tinga, Kuri, Chenchu, Krachikrom and the
greater portions of the Cluster and Parabu Prospecting Licenses and are
specifically excluded from the Framework Agreement. These are the Excluded
Licenses.
    Volta's subsidiary, BGG, has carried out comprehensive and systematic
regional exploration including mapping, geochemistry (stream, soil and rock),
geophysics (airborne and ground), trenching, pitting and drilling on its
licenses on the Bui Belt. This has generated a significant exploration
database over an area that had previously been subjected to little modern
exploration methods. BGG's prioritization of the targets identified during
regional exploration provided the basis for the selection of the most
prospective areas which were strategically converted to the Prospecting
Licenses listed above; BGG is the registered holder and beneficial 100% owner
of all of these licenses.
    The agreement provides for PDPL to proceed in three phases:

    
    -   Phase 1 - Study Period that will entail minimum expenditures of
        A$200,000 within 6 months, commencing September 1 2008, to complete a
        study to define and rank targets with exploration potential that
        occur within a study area which is covered by BGG data.

    -   Phase 2 - Earn-in Period where PDPL will select one or more of the
        Included Licenses that contain the highest ranked targets. PDPL can
        earn a 60% undivided interest in these properties by expending
        US$8 million, over five years, subject to minimum annual expenditures
        commitments on an aggregated and individual property basis.

    -   Phase 3 - Joint Venture Period where PDPL and BGG contribute 60% and
        40% respectively to further exploration, feasibility and development
        of successful projects.
    

    The agreement remains subject to certain terms and conditions including:
obtaining standard regulatory approvals from the relevant authorities in Ghana
and any requisite regulatory approvals and PDPL successfully concluding a
A$2 million financing.
    Vic King, Volta's COO, says, "We believe that the combination of PDPL's
technology and considerable experience in orogenic gold deposits, along with
Volta's extensive exploration database, offers a unique opportunity to
leverage the maximum benefit from the Company's investment to date on the Bui
Belt. The agreement is in line with Volta's overall objectives of carrying out
aggressive exploration on all of our Bui properties, while still allowing us
to focus our efforts and resources exclusively on our most advanced projects".

    About PDPL:
    -----------
    PDPL is a private exploration company that was developed to commercialize
the technology outputs of the A$100 million Australian Predictive Mineral
Discovery Cooperative Research Centre ("pmd(*)CRC") which completed its 7 year
term in June 2008. PDPL has exclusive rights to use pmd(*)CRC developed
technology overseas, along with rights to purchase the company that owns the
relevant intellectual property and the associated Australian consulting
business which it will own, subject to raising A$20 million post-seed before
31 December 2012.
    The pmd(*)CRC technology provides PDPL with the capacity to computationally
simulate the formation of structurally-controlled mineralization and make
predictions of the likely location and intensity of gold mineralization on
undrilled prospects. It is particularly suited to orogenic gold mineralization
of the style found in Ghana on areas which have regional geophysics coverage.
This capability will be employed for selection and efficient testing of drill
targets in the Included Licenses.
    PDPL's Directors are Mr Phil Harman (Chair), formerly BHP Billiton's
Chief Geophysicist and responsible for the commercialization of the Falcon(TM)
gravity gradiometry technology, Dr Tom Whiting, former VP-Exploration of BHP
Billiton and Dr Bobby Danchin, former Managing Director of Anglo American's
Exploration and Acquisition Division and a current Director of Cluff Gold plc
and Mineral Deposits Limited, both of which are developing gold mines in West
Africa. The Company's CEO, Mr Paul Roberts, led the research developments in
the pmd(*)CRC in the 6 years to 2008, prior to which he has accumulated some 25
years of experience in mineral exploration and ore deposit evaluation in
Australia and South America.

    About Volta:
    ------------
    Volta Resources Inc. was created following the merger of two experienced
West African explorers, Birim Goldfields Inc. and Goldcrest Resources Ltd. The
new company has 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.

    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.

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

    
           FIGURE 1 - BUI BELT LICENSES UNDER AGREEMENT WITH PDPL
              http://files.newswire.ca/407/Bui_Belt_license.pdf
    

    %SEDAR: 00026749E




For further information:

For further information: please refer to our website
www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO,
Tel: (416) 867-2299, Fax: (416) 867-2298, Email: kbullock@voltaresources.com;
Investor Relations: Vancouver, Farah Alibhai, Tel: (604) 731-7340, Email:
falibhai@voltaresources.com

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