Volta intersects 15 metres @ 4.45g/t gold at its Nassara Gold Prospect in
southwestern Burkina Faso

TSX: VTR

TORONTO, Jan. 28 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the results from a four hole scout drilling program recently completed at the Nassara prospect, at its 100% owned Danyoro permit, in southwestern Burkina Faso, West Africa. Highlights include intersections of 15m @ 4.45g/t gold ("Au"), 5m @ 3.96g/t Au, and 7m @ 1.53g/t Au (see Figure 1, http://files.newswire.ca/407/Volta84594.doc).

Guy Franceschi, Vice-President, Exploration of Volta said, "These drill results are exciting because they support our initial positive results from surface work. They indicate that the coincident gold-in-soil and magnetic anomalies, which extend for more than 10 km on Volta's ground, are associated with gold in bedrock (see Figure 1, http://files.newswire.ca/407/Volta84594.doc). To date the drilling has been limited to only 200 meters of this anomaly. These results will guide our planning for the additional drilling scheduled for later this year to test more of this growing new prospect".

The 4 holes comprising 408 meters of drilling, were drilled to depths of up to 120 meters, all inclined at -55 degrees to the west. In all, 408 samples were collected and, along with 64 control samples (standards, duplicates and blanks), were submitted to ALS Chemex's laboratories in Ouagadougou, Burkina Faso for assaying. The holes targeted the portion of the Nassara geochemical anomaly which successfully identified mineralization intercepted in trenches TR1 (16m @ 0.58g/t Au and 44m @ 1.82g/t Au), TR4 (12m @ 1.31g/t Au) and TR6 (4m @ 0.59g/t Au) (see Figure 2, http://files.newswire.ca/407/Volta84594.doc).

The current drilling supports an interpretation that a high grade northwesterly plunging ore shoot has been intersected in trench TR1 and hole NRC4. This will be confirmed in the next drill program and will provide a solid technical basis for pursuing other targets at Nassara. Highlights of the mineralized drill intersections from this program are listed in the table below.

Table 1: Main Gold Intersections

    
    -------------------------------------------------------------
    HOLE ID         FROM       TO     INTERVAL     Au        MID
    -------------------------------------------------------------
                      m         m         m        g/t        m
    -------------------------------------------------------------
    NRC1             10        15         5      3.96         0
    -------------------------------------------------------------
    NRC2             11        27        16      0.89         4
                  -----------------------------------------------
    including        17        24         7      1.53         0
    -------------------------------------------------------------
    NRC3              8        10         2      1.47         0
                  -----------------------------------------------
    including        48        52         4      0.66         1
    -------------------------------------------------------------
    NRC4             35        50        15      4.45         1
                  -----------------------------------------------
    including        35        42         7      8.83         0
                  -----------------------------------------------
    or including     35        39         4     14.45         0
    -------------------------------------------------------------
    

Notes:

1) Intervals are core length. True width is unknown at this time. 2) Intersections are based on a 0.30 g/t Au cut-off with no top cut applied. Internal dilution (less than 0.30 g/t Au) has been carried to a maximum (MID or Maximum Internal Dilution) of 4m. 3) The intersections listed in the table represent sections of at least 4m in excess of 0.6g/t Au or 2m in excess of 1g/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) Standards were inserted every 15 samples, blanks every 30 samples and field duplicates about every 20 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.

The Nassara prospect is located in the southwestern corner of the Danyoro permit, one of the three contiguous permits held by Volta, which together comprise the 100% owned Gaoua Project. The prospect was initially identified during soil geochemical surveys, where extensive gold-in-soil anomalism over more than 4 kilometers was found to be coincident with a distinctive northwest striking airborne magnetic lineament (see Figure 1, http://files.newswire.ca/407/Volta84594.doc). A ground magnetic survey and an initial gradient array induced polarization survey ("IP") have also clearly outlined the target, while subsequent trenching confirmed the presence of wide mineralized intercepts (see News Release of 22 December 2009).

The company will now extend the soil geochemical grid to the north and south to cover the full 10 kilometers of strike highlighted by extensions of the magnetic lineament. Volta will also begin follow up on a series of parallel structures, marked by coincident soil geochemical anomalism and magnetic signatures. Further drilling at Nassara, and other similar structures, is planned for the second quarter of the year.

TABLE 2: Borehole collar coordinates and orientation parameters.

    
    -------------------------------------------------------------------------
                                                                    Drillled
    HOLE ID  Easting* Northing* Elevation* Azimuth     Dip      depth
    -------------------------------------------------------------------------
                                                 degrees   degrees      m
    -------------------------------------------------------------------------
    NRC1      482119     1128500       281          55       -55        90
    -------------------------------------------------------------------------
    NRC2      482171     1128537       281          55       -55       120
    -------------------------------------------------------------------------
    NRC3      482235     1128460       284          55       -55        90
    -------------------------------------------------------------------------
    NRC4      482100     1128597       279          55       -55       108
    -------------------------------------------------------------------------
    * Datum WGS84, coordinates as planned, final coordinates to be surveyed
        and confirmed.
    

Under the guidelines of National Instrument 43-101, the qualified person for the Gaoua Project (which includes the Nassara Prospect) 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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