Orbite Aluminae Inc.

April 19, 2010 11:12 ET

Exploration Orbite V.S.P.A. Inc.: Private Placement of $1,690,000

MONTREAL, QUEBEC--(Marketwire - April 19, 2010) - Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) announces it expects to raise a maximum amount of $1,690,000 through a private placement. The placement will be restricted to qualified investors and will be offered in units of $5,200; each unit will consist of i) 40 000 Orbite class « A » shares at a price of $0.13 per share and; ii) 40 000 warrants, each enabling the acquisition of one (1) additional class « A » share of the firm at a price of $0.21, for a 12 month period following closing.

In the event this placement is fully subscribed, $1,500,000 of the proceeds will be invested in the Cap-Chat Pilot Plant facility, while the remainder will be used for the corporation's operational cash flow.

The resulting issued shares will be subject to a four months restriction period. The firm does not expect to incur broker fees for this transaction, however if such fees were to be accrued they will be announced at closing. This transaction is subject to the approval of the applicable regulatory authorities.

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

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