Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

October 31, 2011 14:00 ET

Orbite Congratulates Aluminerie Alouette on the Announcement of its Third Expansion Phase

Through its Quebec-based production of metallurgical alumina, Orbite is striving to reduce the cost of aluminum production in Quebec.

MONTREAL, QUEBEC--(Marketwire - Oct. 31, 2011) - The leaders of Orbite Aluminae Inc. (TSX:ORT) congratulate Aluminerie Alouette, its partners, and the Government of Quebec on the announcement of Phase III in the expansion of the Aluminerie Alouette facility in Sept-Îles.

"This expansion project is great news for Quebec, which continues to position itself as the ideal place to produce aluminum at a low cost and with a minimum environmental footprint. Orbite hopes to contribute to this positioning by producing metallurgical alumina from the aluminous clay in the Gaspé region, thus enabling the production of aluminum, 100 % Quebec made, from hydroelectricity to the final product," affirmed Richard Boudreault, President and CEO of Orbite.

Alouette has been a partner of Orbite since the beginning. Not only did it invest $1 million in the Orbite pilot plant in Cap-Chat, it also provided technical assistance during the start-up of the facility. "We at Orbite greatly appreciate this show of confidence in our company's future and technology," added Mr. Boudreault.

About Orbite

Orbite (pronounced "Orbit") owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallée property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallée, and a 28,000 sq. ft. redundant line pilot plant in Cap Chat, in the Gaspé region. The NI 43-101 report issued in August 2011 has 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

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 August 21 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.

Contact Information

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

    ORBITE:
    Jacques Bedard
    Vice-President Finance and Chief Financial
    514-744-6264

    INVESTOR RELATIONS:
    Louis Morin
    Investor Relations
    514-591-3988

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