Orbite Aluminae Inc.

March 26, 2007 09:00 ET

Exploration Orbite V.S.P.A. Inc./Private Placement Offering: Important Work to Proceed on Grande-Riviere Alumina Clay Property

MONTREAL, QUEBEC--(CCNMatthews - March 26, 2007) - Exploration Orbite V.S.P.A. Inc. ("Orbite" or the "Company") (TSX VENTURE:ORT.A), a Quebec-based mining exploration company, announces it is proceeding with a private placement of a maximum of 100 units at $6,000 per unit.

Each unit is made up of 24,000 flow through Class A shares at $0.15 each, 16,000 non flow-through Class A shares also at a price of $0.15 and 20,000 share purchase warrants, each warrant entitling the holder to purchase one Class A share at $0.25 for up to 12 months.

Proceeds from the flow through share offering will be used to pursue the exploration mainly on the Company's Grande-Riviere property host to an alumina clay deposit whereas proceeds from the common shares will go towards the working capital.

No finders fee will be paid on this transaction which is subject to regulatory approval.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE INFORMATION PRESENTED IN THIS RELEASE.

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