Orbite Aluminae Inc.

September 29, 2011 08:00 ET

Orbite, in Accordance to its Original Timeline, Takes Another Significant Step Towards the Industrialization of its Smelter Grade Alumina Plant

MONTREAL, QUEBEC--(Marketwire - Sept. 29, 2011) - Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) ("Orbite") is pleased to confirm that both its high purity and smelter grade alumina projects are progressing diligently according to the original established timeline. In order to maintain its hedge, Orbite has thus filed a new provisional patent application as well as issued a call for tender related to the NI 43-101 Feasibility Study regarding its smelter-grade alumina plant (SGA) project.

New Patent Application

The patent application in the United States (U.S. 61/535.435), enables Orbite to protect the industrial embodiment of its unique and efficient recovery of the chemical reagents, as well as the commercial of alumina, high purity oxides including hematite, silicon, magnesium and rare earth, as well as other valuable oxides. "This new patent protects Orbite's innovative technology, both in terms of efficiency and profitability, as compared to current methods used for the production of SGA," added David St-Martin B.Sc., M.Sc. (Chemistry), a patent agent with Bereskin & Parr LLP/S.E.N.C.R.L., s.r.l.

Feasability Study

A call for tender related to the NI 43-101 Feasibility Study related to the SGA plant is aimed at assessing all facets of the industrialization of the plant. The Study entails in depth analysis of the entire process from mining operations to production, including financial and environmental considerations. Well respected firms, qualified to undertake major projects, were invited to submit proposal. The goal remains to complete the Study by the first half of 2012.

"Orbite continues to deliver on time and in a step wise approach. The team is committed and focused in the realization of its high purity and smelter grade alumina projects. said Mr. Richard Boudreault, Chief Executive Officer of the Company.

About Orbite

Orbite (pronounced Orbit) owns 100% of the exclusive mining rights on a 6,441-hectare Grande-Vallée property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, and a 28,000 sq. ft. at scale pilot facility in Cap Chat, both in the Gaspé region. The NI 43-101 and amended reports issued have identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com

Orbite is Focused on Thinking Outside the Bauxite

About Bereskin & Parr

Bereskin & Parr LLP is one of Canada's largest intellectual property (IP) law firms. Founded in 1965, Bereskin & Parr employs 65 lawyers, patent agents and trademark agents who work in the firm's four offices located in Toronto, Mississauga, the Waterloo region, and Montreal. www.bereskinparr.com

Regulation 43-101 and forward-looking statements

The information and the analyses contained therein do not constitute any type of feasibility study or economic assessment within the meaning of Regulation 43-101 respecting standards of disclosure for mineral projects (Québec) ("Regulation 43-101"). No preliminary feasibility study, pre-feasibility study or feasibility study pursuant to the requirements of Regulation 43-101 has been completed to date.

Certain information and statements contained herein constitute forward-looking statements. Words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements are based on information available at the time and/or Exploration Orbite's management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to those described in the section of the Annual Information Form entitled "Risk Factors", and could cause actual events or results to differ materially from those projected in any forward-looking statements.

Readers are invited to consult the Report on the Geological Study prepared in conformity with Regulation 43-101 and the Annual Information Form of the Corporation, both amended and restated and respectively filed on August21 and 25,2011 and are available at www.sedar.com or on the Corporation's website at www.orbitealuminae.com. The resulting technical report in no way alters technical and mineral disclosure or conclusions provided in the initial report.

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

Contact Information

  • MEDIA
    Frederic Berard
    Vice-President
    HKDP Communications and public affairs
    514-395-0375, ext. 259

    ORBITE
    Richard Boudreault
    President
    Exploration Orbite V.S.P.A
    514-744-6264

    INVESTORS
    Louis Morin
    Investor Relations
    514-591-3988

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.
    416-742-5600