Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

March 12, 2012 11:09 ET

Orbite Aluminae Retains the Services of Consulting Firm Roche and Geologist Alex W. Knox

MONTREAL, QUEBEC--(Marketwire - March 12, 2012) - Orbite Aluminae Inc. (TSX:ORT)(the "Company") has mandated the engineering firm Roche Ltd., Consulting Group ("Roche") and geologist Alex Knox, M.Sc., to issue an audit report (the "Audit"), which will focus on portions of the Preliminary Economic Assessment Technical Report (scoping study), published on January 12, 2012 ("Technical Report"). The Audit to be conducted by Roche consists of validating the information in sections 7 to 14 and 21 (related to alternative energy scenarios) of the Technical Report.

Roche has assigned its Vice-President Mining and Ore Processing, Guy Saucier, Eng., to the project. Mr. Saucier will be assisted by geologist Alex Knox, M.Sc., among others. The Autorité des Marchés Financiers recognizes that these two professionals are independent Qualified Persons under Regulation 43-101 Respecting Standards of Disclosure for Mineral Projects (Quebec).

Alex W. Knox, M.Sc., P.Geol.

Alex Knox is one of Canada's foremost rare earths experts. His more than 35 years' experience in mineral exploration includes prospect generation, regional analysis, and economic evaluation. For the first decade of his career, Mr. Knox was a mineral exploration geologist with Unocal Canada Ltd., where he studied and explored rare earths on the company's sites at the time when Molybdenum Corporation of America (Molycorp) was part of the Unocal Group in the U.S. During this period, he explored a number of carbonatite and alkalic rock complexes in Canada (including the Kipawa Alkalic and Eldor Carbonatite complexes in Quebec) for niobium and rare earth elements. Since 1993, Mr. Knox has acted in a consulting role, and since 2008, he has been involved with mining exploration projects involving rare earths in Quebec and Labrador, most notably with Matamec Exploration.

Mr. Knox has direct experience in clay-based rare earth elements, and his services as a rare earth expert are regularly retained by companies in Canada and around the world. Mr. Knox is a Fellow of the Geological Association of Canada.

Guy Saucier, Eng.

Mr. Saucier has more than 27 years of experience in mining geology, exploration, and corporate development. His expertise includes resources evaluation and open-pit mine design and planning. He has been involved in several scoping and feasibility studies and has participated in global projects involving gold, base metals, iron, coal, bauxite, and industrial minerals.

About Roche

Roche Ltd, Consulting Group has for many years worked in close cooperation with the mining industry in Quebec and abroad, including Africa, Latin America and New Caledonia. Roche specialists provide a comprehensive range of services required for developing mining projects, from the first stages of development through plant construction, startup and engineering. Its wide-ranging expertise means clients have access to a one-stop shop for all the expertise they need to carry out their projects, from mining development and ore processing to mining environment and infrastructure.

About Orbite

Orbite owns 100% of the mining rights on a Grande-Vallée property of approximately 6 441 hectares, the site of an aluminous clay deposit located 23 km south of Grande-Vallée, and a 2 600 m2 full scale pilot plant in Cap Chat, in the Gaspé region. An NI 43-101 report issued in August 2011, identified an Indicated Resource of about 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 November 14, 2011 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

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

    Jacques Bedard
    CFO
    Orbite Aluminae Inc.
    514-744-6264

    INVESTORS:
    Louis Morin
    Investor Relations
    514-591-3988

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

    Nicole Blanchard
    Investor Relations
    Sun International Communications
    450-973-6600