Volatile Life

Volatile Life is the new Eternal Life or Primal Life and Black Lotus, Fel Lotus or Frost Lotus replacement of Cataclysm.

Source
It has a chance to drop while mining any of the new deposits introduced in Cataclysm.

Alchemy

 * Potion of Illusion
 * Transmute: Living Elements
 * Golemblood Potion
 * Mythical Healing Potion
 * Flask of Flowing Water
 * Flask of Steelskin
 * Lifebound Alchemist Stone
 * Quicksilver Alchemist Stone
 * Vibrant Alchemist Stone
 * Volatile Alchemist Stone
 * Flask of the Draconic Mind
 * Flask of the Winds
 * Flask of Titanic Strength

Enchanting

 * Heartsong

Inscription

 * Book of Blood
 * Lord Rottington's Pressed Wisp Book
 * Runed Dragonscale
 * Battle Tome
 * Divine Companion
 * Dungeoneering Guide
 * Notched Jawbone
 * Silver Inlaid Leaf
 * Tattooed Eyeball
 * Darkmoon Card of Destruction

Jewelcrafting

 * Jeweler's Amber Monocle
 * Elementium Moebius Band

Leatherworking

 * Corded Viper Belt
 * Chestguard of Nature's Fury
 * Bloodied Dragonscale Chest
 * Bloodied Dragonscale Legs
 * Bloodied Leather Chest
 * Bloodied Leather Legs
 * Bloodied Scale Chest
 * Bloodied Scale Helm
 * Bloodied Wyrmhide Helm
 * Bloodied Wyrmhide Legs

Tailoring

 * Hyjal Expedition Bag
 * Lightweave Embroidery (rank 2)
 * Dreamcloth