Orbite Aluminae Inc.

December 17, 2008 17:35 ET

Exploration Orbite V.S.P.A. Inc.: Extended Terms for Warrants on Shares of the Corporation

MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2008) - Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) announced that, on approval of required regulation authorities, it will extend until December 31st of 2009, the expiration date of the warrants of the Corporation that were issued to private investors whose closing date was December 31st of 2007.

At that time, ORBITE had proceeded with a placement of 250 units, each for three thousand dollars ($ 3,000) for a total of 750,000$. Each unit was composed of :

i) 15 000 accredited class "A" shares and 5,000 non-accredited shares each for $0.15; and

ii) 10 000 warrants of the Corporation allowing his owner to convert one (1) classe "A" share of the Corporation for the price of 0,25$ at all times until December 31st, 2008.

No shares have been issued up to date and an insider holds (0.05%) of participation in this financing.

TSX Venture Exchange Inc. assumes no responsibility regarding the relevance or accuracy of this press release.

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