Mr. Darryl Jones reports

VOLTAIC MINERALS CORP. ISSUES SHARES FOR DEBT -- STOCK OPTIONS

Voltaic Minerals Corp. has received TSX Venture Exchange acceptance in connection with the settlement-of-debt agreement with several creditors, including one insider. The company settled $761,827.85 of debt owed to creditors by the issuance of 15,236,555 common shares of the company at a deemed price of five cents per share. The debt has now been fully extinguished. The company determined it was best to satisfy its outstanding debt by the issuance of shares to preserve its cash for operations.

Zimtu Capital Corp. received 13,504,682 common shares for the full satisfaction of $675,234.12 of debt. Zimtu now holds a total of 15,082,782, or 39 per cent, of the current issued and outstanding capital of the company.

The company is relying on exemptions from the prospectus requirements found in Section 2.14 of National Instrument 45-106 and applicable securities laws to issue the shares. The common shares issued to the creditors will be subject to a minimum four-month hold period.

The board has agreed to issue 1.2 million incentive stock options to directors and officers of the company. The options are exercisable at 30 cents per share for a period of five years from issuance.