VOLTAIC STRATEGIC RESOURCES LTD — Capital/Financing Update 2011

May 18, 2011

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ABN 66 138 145 114 16 Phillimore Street Fremantle, WA Tel: 08 6219 5069 08 9321 9669

19 May 2011

Manager - Company Announcements Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

By: e-lodgement (ASX code: IOG)

Dear Sir/Madam

RELEASE OF SECURITIES FROM ESCROW

In accordance with ASX Listing Rule 3.10A, Incremental Oil and Gas Ltd (“the Company”) advises that the following securities will be released from escrow during June 2011 on the dates set out below:

Securities Number Date of Release From Escrow Convertible Notes 250,000 4 June 2011 Convertible Notes 16,667 14 June 2011 Convertible Notes 50,000 21 June 2011 Convertible Notes 166,667 30 June 2011

Yours sincerely

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Susan Hunter Company Secretary

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ABOUT INCREMENTAL OIL and GAS LTD

Incremental Oil and Gas Ltd (IOG) is a producing oil and gas company. Our strategy is to identify and acquire underperforming oil fields and to increase production and recoveries. IOG’s primary focus is production rather than high risk exploration, with a strong emphasis on positive cashflow.

The Board and Executive of IOG have a proven track record. They are the same team that acquired and substantially increased oil production in the Selmo oilfield in Turkey through the formerly ASX-listed Incremental Petroleum. This company was subsequently sold in March 2009 to TransAtlantic Petroleum in an $86.5 million transaction.

IOG was launched in mid-2009 and has been profitable over its first year of operations.

IOG’s focus is onshore California. The company has four current projects which are detailed on the website (incrementaloilandgas.com). These projects range from the producing Sheep Springs Oilfield to low risk development projects at Round Mountain and Guijarral Hills and an exploration project at Raven Pass. IOG’s strategy is to develop these and other new and yet to be secured projects into a substantial production base.

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Incremental Oil and Gas project locations.

For additional information see www.incrementaloilandgas.com

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