Volta Metals Ltd. announces non-brokered private placement of 5,000,000 Flow-Through Units at a issue price of CAD 0.06 per FT Unit for gross proceeds of CAD 300,000 and 4,000,000 non-flow-through private placement Units at a issue price of CAD 0.05 per PP Unit for gross proceeds of CAD 200,000, resulting in aggregate gross proceeds of CAD 500,000 on April 18, 2024. Each FT Unit will be comprised of one common share and one half of one common share purchase warrant of the Company. each Warrant entitling the holder thereof to purchase a common share of the Company at an exercise price of CAD 0.10 per Warrant Share, for a period of 24 months from the closing of the Flow-Through Private Placement.

Each private placement unit consist of one common share and one half of one common share purchase warrant of the Company. Each PP Warrant entitling the holder thereof to purchase an additional Share of the Company (a "PP Warrant Share") at an exercise price of CAD 0.10 per PP Warrant Share for a period of 24 months from the closing of the Private Placement. The transaction is expected to close on May 3, 2024, subject to the approval of CSE.

The transaction will include participation from directors and officers of the Company. The securities issued under the Offerings will be subject to a statutory hold period in Canada of four months and a day from the date of issuance in accordance with applicable securities laws.