Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES $250,000 PLACEMENT

Volt Carbon Technologies Inc. intends to complete a non-brokered private placement financing of up to 12.5 million units at a price of two cents per unit for gross proceeds of up to $250,000.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the company at an exercise price of five cents per warrant share for a period of 24 months from the date of issuance. All securities issued as part of the offering shall be subject to a four-month-and-one-day hold period. At this time there are no anticipated finder's fee associated with the offering.

The company intends to use the proceeds of the offering to pay outstanding payables, to advance battery and mineral separation technology, and for working capital. Although the company intends to use the proceeds of the offering as described above, the actual use of proceeds may vary from the uses set forth above, depending on future operations or unforeseen events.

Closing of the offering is subject to customary conditions and regulatory approvals including the approval of the TSX Venture Exchange. The company anticipates closing the offering within approximately 30 business days. No insiders intend to participate in the offering and no new control persons will be created by the offering.

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

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