Oregen Energy Corp. — M&A Activity 2020

Aug 17, 2020

1090 Hamilton Street Vancouver, BC V6B 2R9 Canada voltenergycorp@gmail.com (604) 634-0970

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VOLT OPTIONS COLD SPRINGS GOLD/SILVER PROJECT AND PROVIDES A CORPORATE UPDATE

August 17, 2020, Vancouver, B.C. – Volt Energy Corp. (“ VOLT ” or the “ Company ”) (TSXV:VOLT) (Frankfurt:A1S.F) (OTC:ABETF) is pleased to announce that it has entered into a letter of intent (“ LOI ”) with Silver Range Resources Ltd. (“ Silver Range ”) (TSXV:SNG) wherein the Company can acquire a 75% interest in the Cold Springs gold/silver project (the “ Property ”) by paying Silver Range an aggregate of $300,000 in cash and performing a minimum of 2,000 meters of drilling on the Property over a three year period (the “ Transaction ”). The Property is subject to a 2.5% NSR that can be bought down to 1% for a cash payment of $1,250,000.

The completion of the Transaction is subject to completion of a Definitive Agreement prior to August 31, 2020.

About Cold Springs

The Cold Springs property is located in the western Great Basin of Nevada and covers high-grade epithermal gold-silver mineralization. It lies approximately 80km east of Fallon and is accessible by road. It covers an approximately 800m by 350m hill-top exposure of altered and silicified rhyodacite breccia which hosts a series of northwest-striking, sub-parallel gold and silver-bearing quartz veins. The property consists of 22 Federal Lode Claims centered on a small hill along the range front.

Historic sampling by Silver Range and others has yielded values of up to 64.9 g/t gold and 1,770 g/t silver from vein material. Limited RC drilling on the property has not adequately tested the mineralized system.

Four large low sulphidation epithermal veins are exposed in a wider 500 x 200 metre area of silicification. Veins are up to 70 metres long and 2.0 metres thick. All indications are the exposed mineralization is on the periphery of a larger system. Prior geological mapping and drill results indicate that the host tuffs, the large silicified breccia and the high-grade veins dip towards the Cold Springs valley and are downdropped beneath alluvium across a range front fault.

The mineralization exposed on the hill at Cold Springs appears to be merely the eastern periphery of a larger epithermal system. Geophysical surveys have identified a large resistivity low west of the range front fault and the exposed mineralization in basement rocks beneath alluvium. This is interpreted to be argillic alteration surrounding the core of the hydrothermal system.

Corporate Update

The Company is currently evaluating opportunities for the continued exploration of its Lac Saint Simon (“LSS”) lithium property in Quebec. The LSS property is located approximately 2km from the boundary of Nemaska Lithium’s Whabouchi Project (“Whabouchi”) and is roughly 480 hectares in size. According to Nemaska, Whabouchi is one of the most important spodumene lithium hard rock deposits in the world both in volume and grade. A Mineral Reserve estimate prepared by Met-Chem using the updated Mineral Resource block model suggests that Whabouchi hosts an estimated 20 million tonnes of Proven and Probable Reserves with a grade of 1.53% Li2O Open Pit and 7.3 million tonnes of Proven and Probable Reserves with a grade of 1.28% Li2O Underground. The mineralization hosted on the Whabouchi property is not necessarily indicative of the mineralization hosted on the Company’s LSS Property.

About the Company

Volt Energy Corp. is a mineral exploration corporation focused on acquiring and developing early stage projects in North America.

The scientific and technical information contained in this news release as it relates to the Cold Springs gold/silver project has been reviewed and approved by Mike Power, PGeo (B.C.), CEO of Silver Range, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Power verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein

ON BEHALF OF THE BOARD

Sean McGrath CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements regarding Forward-Looking Information:

Certain statements contained in this press release constitute forward-looking information as defined by law including without limitation Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“ forward-looking statements ”). These forward-looking statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. All statements including, without limitation, statements relating to the potential mineralization and geological merits of the Company’s properties and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking

statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current or future exploration activities, fluctuating commodity prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.