Volta Resources is exploring on 9 projects, comprising 30 individual properties over highly prospective greenstone belts located in Burkina Faso and Ghana. The projects are generally located on the margins of mature to emerging gold belts, which are the geological setting for numerous world-class gold mines in the region.

In 2013, Volta Resources is focusing primarily on its most advanced project in Burkina Faso. This includes the completion of a Definitive Feasibility Study at the Company's cornerstone Kiaka Gold Project. The resource at Kiaka has recently been significantly enhanced with an updated NI43-101 compliant resource for the Kiaka deposit completed in January 2013. The Kiaka Gold Project now comprises Measured and Indicated Resources of 4.86 million ounces of gold and Inferred Resources of a further 1.01 million ounces of gold -- the largest undeveloped gold resource in the region. Over 97% of these resources are contained within a large, single open pit, with the balance found in a small satellite open pit located 700 meters to the southwest.

Volta Resources also updated the NI43-101 compliant resource for the Gaoua Copper-Gold Porphyry Project in south-western Burkina Faso. Indicated Resources now stand at 139 million pounds of copper and 0.24 million ounces of gold and Inferred Resources at 2,008 million pounds of copper and 3.17 million ounces of gold. These resources are contained within two open pits, Gongondy and Dienemera, with both having the potential for extension along strike and down dip. Importantly, drilling at another two targets, Mont Biri and Boussera, has confirmed comparable porphyry-style copper-gold mineralization at potentially economic grades and widths that will warrant follow-up. In addition, in excess of 20 regional geophysical targets supported by copper and gold soil anomalism have been identified on the project footprint. Volta Resources is currently considering the best options to optimise value of this project in order to direct current resources to advancing Kiaka.

Volta Resources also holds two additional early stage gold exploration projects in Burkina Faso. In 2013, work will be restricted to mapping and auger drilling utilising the Company's tractor-mounted power auger rigs, in order to refine targets for drilling follow-up later. The Nassara Gold Project is located in the south-western corner of the Gaoua group of properties while the Titao Gold Project is located at the junction of the northern end of the Hounde Belt and the Goren Belt.

In Ghana, work has been suspended on the Bui Gold Project and Maluwe Gold Project pending resolution of an impasse created by the Ghanaian Environmental Protection Agency not renewing the required environmental permits for exploration because it deems that any potential mining might have an impact on the structural integrity of the Bui dam which is currently being constructed more than 25 kilometres from the closest Bui properties. Newmont Ghana continues to explore on the Newmont JV Project located on strike, south of the Ahafo Mine structure. The company also holds the Sefwi Gold Project, located on strike, north of the Ahafo Mine structure.