Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES SHARES FOR DEBT TRANSACTION

Volt Carbon Technologies Inc. has agreed to settle an outstanding debts in aggregate amount of $347,842.91 by issuing an aggregate of 17,392,145 common shares in the capital of the company at a price of two cents per common share. The board of directors has determined it is in the best interests of the company to settle the outstanding debt by the issuance of the common shares in order to preserve the company's cash for continuing operations.

Of the debt, $200,000 is owed to one arm's-length creditor, and $147,842.91 represents accrued liabilities for management fees owing to a former director and officer of the company, and the current president and chief executive officer. The debt settlement with the current president and CEO of the company in the amount of $100,000 will be a related party transaction under Policy 5.9 of the TSX Venture Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The debt settlement with the president and CEO of the company is exempt from the minority approval and formal valuation requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the debt, nor the fair market value of the shares to be issued in settlement of the debt, exceeds 25 per cent of the company's market capitalization.

Closing of the share-for-debt transaction is subject customary closing conditions, including the prior approval of the TSX Venture Exchange. The company intends to close the share-for-debt transaction as soon as practicable following receipt of the approval from the TSX Venture Exchange. The common shares to be issued pursuant to the share-for-debt transaction will be subject to a hold period of four months and one day from the date of issuance.

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.

We seek Safe Harbor.