VOLTAIC STRATEGIC RESOURCES LTD — Capital/Financing Update 2012

May 1, 2012

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ABN 66 138 145 114 16 Phillimore Street Fremantle, WA, Tel: 08 9431 7306

2 May 2012

The Manager Companies Company Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

By: e-lodgement (ASX code: IOG)

Dear Sir/Madam

Florence Oilfield Acquisition Update

With regard to the Incremental Oil and Gas Ltd 2 May 2012 announcement to the market, we are now able to disclose the vendor of the acquired asset as Pine Ridge Oil and Gas LLC, a Delaware registered company.

Yours sincerely

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Gerry McGann Managing Director