Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES $1,000,000 FLOW-THROUGH FINANCING

Volt Carbon Technologies Inc. intends to complete a non-brokered private placement financing of up to 22,222,222 common shares in the capital of the company issued on a flow-through basis pursuant to the Income Tax Act (Canada) at a price of 4.5 cents per flow-through share for gross proceeds of up to $1-million.

The company intends to pay cash finders' fees to certain arm's-length finders, equal to 7 per cent of the gross proceeds raised under the offering from purchasers introduced to the company by the finders. In addition, the company intends to issue non-transferable warrants in the capital of the corporation equal to 7 per cent of the total number of flow-through shares sold under the offering. The warrants are exercisable by each finder at a price of 4.5 cents for a period of 24 months from closing of the offering. As of this news release, the company has only entered into a finder's agreement with Red Cloud Securities Inc.

The company intends to use the net proceeds of the offering to carry out exploration programs on mineral properties, and to incur eligible Canadian exploration expenses that qualify as Canadian exploration expenses and flow-through mining expenditures for purposes of the Income Tax Act (Canada).

The company anticipates closing the offering within approximately 20 business days. All securities issued as part of the offering shall be subject to a four-month-and-one-day hold period. No insiders intend to participate in the placement and no new control persons will be created by the offering. Closing of the offering is subject to customary conditions and regulatory approvals, including the approval of the TSX Venture Exchange.

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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