Orbite files final short form base shelf prospectus

MONTREAL, QUEBEC--(Marketwired - Jan. 6, 2017) - Further to its press release of December 28, 2016, Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announced the filing of a final short form base shelf prospectus (the "Prospectus") which was receipted by the securities regulatory authorities in each of the provinces of Canada.

The Prospectus is not a commitment to undertake any financing, but provides flexibility over the normal course of business to fund, if needed, the demonstration of the Company's proprietary waste monetization technology. The Prospectus will also be available to support additional commercial activities in regards to the Company's high purity alumina ("HPA") initiative, including the increase in capacity of the Company's HPA plant, and the production to inventory of specialty customized HPA products.

"We continue to benefit from growing interest in our waste monetization technology," stated Glenn Kelly, CEO of Orbite. "As we are transitioning from technology development to commercial producer, we will be able to dedicate more resources to the commercialization of this unique technology. The base shelf prospectus, together with our proven ability to raise funds, puts us in a stronger position to engage with the growing number of interested parties, and pursue formal commercial partnerships, an effort we are now accelerating. It also provides us with the ability to pursue additional opportunities in our HPA segment."

The Prospectus together with each prospectus supplement will allow the Company to make offerings of common shares, warrants, debt securities, convertible securities, rights or units comprising any combination of the foregoing (all of the foregoing, collectively, the "Securities"), up to an aggregate offering of $60,000,000.

Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an eventual accompanying shelf prospectus supplement and, subject to applicable regulations, may include public offerings of debt or equity. The Prospectus will remain effective for a 25 month period.

About Orbite

Orbite Technologies Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Company's portfolio contains 16 intellectual property families, including 45 patents and 71 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

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 30, 2016 on SEDAR, including those under the headings "Recent increase in budgeted capital costs will require additional financing and may adversely impact our prospects", "We will need to raise capital to continue our growth" and "Development Goals and Time Frames".

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.