Gold Exploration in West Africa

[FL]

Volta(VTR.T): a million oz gold, almost a billion copper

VOLTA ANNOUNCES NI 43-101 RESOURCE ESTIMATE AT GAOUA 724,880,000 LBS OF COPPER AND 1,072,900 OUNCES OF GOLD INFERRED

Toronto, ON – February 5, 2009 - Volta Resources Inc. ("Volta" or the "Company") (TSX:VTR) has completed a NI 43-101 compliant resource estimate at its Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. 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 mineral resource estimate was prepared by SRK Consulting (UK) Ltd. based on over 26,661 metres of diamond drilling in 92 holes and 1,305 metres in 15 reverse circulation holes (“RC”). The mineral resource estimate follows the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions standards for mineral resources and reserves, and has been completed in accordance with the standards of disclosure for mineral projects as defined by National Instrument 43-101.

“We are extremely pleased with the initial resource defined at Dienemera and Gongondy.” says Kevin Bullock, Volta’s President and CEO. “We are confident that the geological models derived from the diamond drilling carried out to date are robust, providing a solid basis for understanding the nature, geometry and orientation of the mineralization. The potential for additional resources are strong as both deposits remain open at depth and along strike.”

A breakdown of the tonnage and grade, at various cut-offs, for the two deposits are presented below. Cut-off Grade Tonnage Copper Gold Copper Equivalent DEPOSIT >(CuEQ %) (tonnes) % lbs g/t Oz % lbs DIENEMERA 0.60 9,200,000 0.64 129,632,000 0.25 74,600 0.79 160,276,000 0.50 18,100,000 0.54 214,510,000 0.22 128,600 0.67 267,421,000 0.45 23,000,000 0.50 255,075,000 0.21 155,300 0.63 319,009,000 0.40 27,800,000 0.47 372,802,000 0.20 237,700 0.59 364,424,000 0.30 41,700,000 0.41 372,802,000 0.18 237,700 0.51 470,687,000 0.20 57,400,000 0.35 440,704,000 0.15 284,700 0.44 557,769,000 GONGONDY 0.60 27,200,000 0.43 257,279,000 0.62 541,300 0.80 479,946,000 0.50 45,800,000 0.38 387,793,000 0.52 768,200 0.70 703,936,000 0.45 59,600,000 0.36 469,805,000 0.48 917,600 0.65 847,236,000 0.40 78,300,000 0.33 568,793,000 0.44 1,102,200 0.59 1,022,283,000 0.30 125,900,000 0.28 766,547,000 0.37 1,506,400 0.50 1,386,266,000 0.20 170,400,000 0.24 893,974,000 0.33 1,793,000 0.43 1,631,641,000 TOTAL 0.60 36,400,000 0.48 386,911,000 0.53 616,000 0.80 640,222,000 0.50 63,900,000 0.43 602,303,000 0.44 896,800 0.69 971,357,000 0.45 82,600,000 0.40 724,880,000 0.40 1,072,900 0.64 1,166,245,000 0.40 106,100,000 0.37 858,921,000 0.38 1,282,500 0.59 1,386,707,000 0.30 167,600,000 0.31 1,139,349,000 0.32 1,744,100 0.50 1,856,953,000 0.20 227,800,000 0.27 1,334,678,000 0.28 2,077,700 0.43 2,189,410,000 Figures have been rounded

SRK have constrained the resource in optimized open pits based on reasonable technical and economic parameters which they consider to have reasonable prospects for eventual economic extraction. The table above summarises the in-situ Mineral Resource stated at a 0.45% Copper Equivalent (CuEQ) cut-off grade within the defined mineralisation models. CuEQ has been calculated from assumed revenues of US$3,000/t copper and US$700/oz gold with metallurgical recovery assumed to be 85% and 70% respectively. Gold grade has been multiplied by 0.6 and added to the copper grade to provide a CuEQ grade. The cut-off grade further assumes typical costs of US$2/t for mining and US$10/t for processing and general administration costs.

The NI 43-101 technical report will be posted on the company’s website as well as SEDAR within 45 days

The 687.5 km2 Gaoua project area includes a 35 kilometer long anomalous porphyry trend, clearly defined during a high definition airborne geophysical survey completed late last year and it is along this trend that the Dienemera and Gongondy deposits reside (See Figure #1). The deposits outcrop approximately 7 kilometres apart and exhibit similar distinctive geophysical signatures. Similar signatures along the corridor indicate that potential exists for additional deposits that are under transported cover between Gongondy and Dienemera and along the greater 35 kilometer strike extent. There is therefore potential to extend the current resources and significantly enhance the overall potential of the Gaoua copper-gold project. Based on these findings, Volta will shortly commence detailed geochemical auger drilling between the Dienemera and Gongondy deposits where regolith, comprising transported laterite and alluvium, may have masked the geochemical response produced by traditional soil sampling programs. Volta will also continue to explore the western side of the post-mineralized gabbro at the Gongondy deposit with further RC drilling.

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 focused on becoming the 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. The Company currently has $5.5 million in cash and marketable securities with a quoted market value of approximately $3.0 million for a total of $8.5 million. There are 53.2 million common shares issued and outstanding

For further information, please refer to our website www.Voltaresources.com or contact: Kevin Bullock, P.Eng., President & CEO Tel: [phone] Fax: [phone] Email: [e-mail] Investor Relations: Vancouver Farah Alibhai Tel: [phone]

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