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eResearch

April 18, 2008 12:31 ET

eResearch Initiates Coverage on Volta Resources Inc.

TORONTO, ONTARIO--(Marketwire - April 18, 2008) - Volta Resources Inc. is a growth-oriented junior mineral exploration company based in Toronto with diversified gold and base metals properties in Burkina Faso and Ghana. Mali is being considered.

The Company was created in April, 2008 through the amalgamation of Birim Goldfields Inc. and Goldcrest Resources Ltd. Birim shareholders have exchanged their shares for shares of Volta on the basis of 2.6 Birim shares for 1.0 Volta share and the Goldcrest shareholders have exchanged their shares on the basis of 3.0 Goldcrest shares for 1.0 Volta share.

eResearch has initiated coverage of Volta Resources Inc. with a Speculative Buy rating and a 12-month Target Price of $1.40 per share.

Volta's main focus is to provide internal growth through the current property portfolio while continuing to make strategic property acquisitions. The Company is actively looking to acquire undervalued companies with properties in West Africa. There are many small properties that, while uneconomic individually, would be greatly accretive to a strategic portfolio of properties. Volta seeks to consolidate these properties into a well-managed pipeline that includes exploration properties, properties in development, and operating properties.

Volta's focus for the remainder of 2008 and into Q1/2009 is to define NI 43-101 compliant resources at the four principal properties: Gaoua, Tombe, Chert Ridge and Tinga. Concurrently, drilling will continue on other properties in the portfolio.

This Press Release was prepared by eResearch and was not vetted by Volta Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Volta Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network.

Volta Resources Inc. paid eResearch a fee of $20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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