Orbite Aluminae Inc.

Orbite Aluminae Inc.

April 24, 2012 06:30 ET

Orbite Acquires New Claims, Expands Existing Property West

MONTREAL, QUEBEC--(Marketwire - April 24, 2012) - Orbite Aluminae Inc. ("Orbite" or the "Company") (TSX:ORT) is pleased to announce the acquisition of 952 new claims covering a total of 543.2 km2 on a territory extending over 170 km ranging from Quebec city East to Cap-Chat, Quebec, the location site of Orbite's high-purity alumina production facility. This strategic new acquisition covers a substantial portion of the aluminous shale-bearing Orignal Formation, and reaches out to the Company's existing property of Grande-Vallée, the site of which currently comprises of 110 claims, totalling 66.7 km2 of land.

Further to the completion of this acquisition, and in the perspective of moving forward with the search of opportunities for new asset resources, the Company initiated an acquisition program to develop aluminous shale-bearing claims in Southwestern Quebec. This initiative resulted in adding new claims, also from the area of Saint-Apolinaire, West of Quebec city - where natural gas is readily available - to its current set of properties.

Orbite plans on initiating field work as early as the beginning of the summer 2012 on all of its new claims in order to successfully achieve exploration, and move towards the establishment of new aluminous shale resources for the Company.

About Orbite

Orbite currently owns a total of 60 984 hectares, in Southwestern Quebec, including 100% of the mining rights on a Grande-Vallée property totaling 6 665 hectares, the site of an aluminous clay deposit located 23 km south of Grande-Vallée, and a 2 600 m2 full scale high purity alumina production plant in Cap Chat, in the Gaspé region. An NI 43-101 report issued in August 2011 identified a Resource of between 800 million and one billion tonnes of aluminous clay in part of the deposit containing a series of mineral elements. The Company also owns the intellectual property rights to a unique Canada and U.S. patented process for extracting alumina from various types of aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com

Forward-looking statements

Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Company or hypotheses underlying these items. In this document, 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 and information are based on information available at the time and/or the Company 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 Company's control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management's Discussion and Analysis (MD&A) entitled "Risk and Uncertainties" as filed on March 22, 2012 on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.

Contact Information

    Frederic Berard
    H+K Strategies
    514-395-0375, ext. 259

    Jacques Bedard
    Orbite Aluminae Inc.

    Louis Morin
    Investor Relations

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.

    Nicole Blanchard
    Investor Relations
    Sun International Communications