Orbite Aluminae Inc.

July 11, 2011 08:00 ET

Orbite Added to Russell Global Index

Appointment of Dr. Andre Lemieux as Director of Community Relations for the Gaspe

MONTREAL, QUEBEC--(Marketwire - July 11, 2011) - Exploration Orbite (TSX VENTURE:ORT.A) was added to the Russell Global Index when Russell Investments reconstituted its comprehensive set of global equity indexes on June 24. The new membership lists are available at www.russell.com/indexes/tools-resources/reconstitution.asp.

Membership in the Russell Global Index, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

"The addition of Orbite to the Russell Global Index is a distinct honor validating our growing global leadership role in the extraction of metallurgical-grade alumina, high-purity alumina and high-value elements, including rare earths, from locally sourced aluminous clay with low environmental impact," commented Richard Boudreault, Orbite CEO. "We believe the Company's inclusion will further increase awareness of our unique technologies and patented processes globally and in the US in particular, and demonstrates our strong potential for shareholders."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The Russel-based index funds will now want to include Orbite in their portfolio. An industry-leading US$3.9 trillion in institutional assets currently are benchmarked to them.

The Russell Global Index, which captures 98% of investable securities globally, is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

Russell launched the Russell Global Index in 2007, leveraging the popular methodology from its U.S. indexes. The broad-market Russell 3000 Index serves as the U.S. component to the Russell Global Index.

Appointment of Mr. André Lemieux, Ph.D., Director for Community Relations

Orbite announces the appointment of Dr. André Lemieux as Director for Community Relations for communities in the Gaspé, which took effect July 1, 2011. Mr. Lemieux is a seasoned urban planning and regional development consultant with extensive experience in diversification, particularly with regard to devitalized communities.

With more than fifteen years of experience in the field of regional and local development, Mr. André Lemieux most notably held the position of Recovery Commissioner for the City of Murdochville and Diversification, as well as Development Commissioner for the devitalized municipalities in the MRCs of La Côte-de-Gaspé. His main responsibilities consisted of creating a favourable environment for the socio-economic reconversion of the City of Murdochville and elaborating and implementing a diversification and development plan for devitalized municipalities in the MRCs of La Côte-de-Gaspé. The dynamics of productive regional systems (territorial synergy between businesses and the local community) and strategic planning processes for territorial development are at the forefront of his expertise.

"With his many years of experience dealing with regional diversification and development initiatives, Mr. Lemieux brings a wealth of expertise in territorial business-community synergy to Orbite. His extensive track record with economic turnaround plans for communities in slowdown will help guide and strengthen Orbite's relationships with the communities in which it operates," said Richard Boudreault.

A native of the Gaspé, Mr. Lemieux holds a Ph.D. in urban studies from Université du Québec à Montréal,(UQAM) and Institut national de la recherche scientifique (INRS), as well as a master's degree in urban planning (M.Urb.) from Université de Montréal. He has also taught at Université du Québec à Rimouski (UQAR) and published ten scientific articles.

"I am delighted to join an organization of Orbite's calibre," said Mr. Lemieux. "As a fast growing and evolving company, I look forward to playing an integral role in shaping its community-based practices as it moves into its commercial phase with such a game-changing technology. Moreover, wealth creation and employment development in my native region have always been at the very heart of my professional activities. The opportunity and challenge presented to me by Orbite will allow me to pursue that goal head on," he added.

About Orbite

Orbite owns 100% of the exclusive mining rights on its 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 latest NI 43-101 report issued has identified an Indicated Resource of more than 1 billion tonnes of aluminous clay in part of the deposit, thus representing a half-century of the total current Canadian alumina imported. The Company also owns the intellectual property rights to a unique, environmentally friendly, Canada and U.S.-patented process for extracting alumina from aluminous clays and for which other international patents are also pending. www.orbitealuminae.com

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has about $161 billion in assets under management as of March 31, 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

Daily returns for the Russell Global Index and other Russell Indexes are available at: http://www.russell.com/indexes/data/default.asp.

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

    Frederic Berard
    Vice President
    HKDP Communications and Public Affairs
    514-395-0375, ext. 259

    Louis Morin
    Investor Relations

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.