Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

December 06, 2011 14:47 ET

Orbite Names Vice-President of Sales and Marketing

With 20 years' experience in sales and marketing of high value-added, specialized fine chemicals, Yves Noel's focussed expertise will accelerate

MONTREAL, QUEBEC--(Marketwire - Dec. 6, 2011) - Orbite Aluminae Inc. (TSX:ORT) ('Orbite') is pleased to announce the appointment of Yves Noël as Vice-President of Sales and Marketing, effective since October 17, 2011.

Mr. Noël has more than twenty years' sales and marketing experience in the field of high value-added, specialized fine chemicals, particularly high purity products, with companies such as Akzo Nobel, Sandoz and Clariant. His diverse background in mining and manufacturing industries has enabled him to cultivate exceptional expertise and success in negotiating trade agreements with major clients such as AbitibiBowater, Gildan, Dow, and Rio Tinto, as well as with various global distribution partners. Over the course of his career he has built an enviable global business network of public and private companies.

Mr. Noël holds a bachelor degree in chemical engineering from Laval University and a master of business administration (MBA) from the Université du Québec à Montréal.

"With over 20 years of experience, Yves Noël brings to Orbite a solid background in sales and marketing as well as an extensive network of contacts directly suited to Orbite's immediate needs. His work experience in several industries, including mining and manufacturing, will contribute significantly to Orbite's transition towards the commercialization of its products in the short term. He joins and completes a team of handpicked, high-caliber executives at Orbite. Orbite remains on schedule for the expected initial operation of the high purity alumina facility within the first half of 2012," said Richard Boudreault, President and CEO of Orbite.

"I am especially proud to join a team of dynamic and visionary top shelf experts committed to the success of an innovative organization with a profound respect for the environment and sustainable development. I have admired Orbite's rapid and enviable development for some time now and have high regard for their drive and leadership style," added Mr. Noël.

The announcement of the hiring of Mr. Noël is also available in the MD&A for the third quarter 2011 which was filed on SEDAR Monday November 14.

Orbite Receives Confirmation of the Filing of its Mining Lease Application

Orbite Aluminae Inc. also announces that it has received confirmation from Quebec's Ministry of Natural Resources and Wildlife (MRNF) that the filing of a Mining Lease Application was dully completed with the date of record of September 14th, 2011. Orbite completed its filing application by submitting a comprehensive survey plan covering an area of approximately 98.5 hectares to the south of the municipality of Grande-Vallée. This initial area will cover the necessary ground to operate the future projected open pit operation for at least the next 25 years. This first requested Mining Lease area represents approximately one fifteenth of the area of the Marin Sector over which NI-43-101 qualified Indicated Resources of 800 to 1 000 million tons of aluminous clays averaging 23.13% Al2O3 have been reported. (Reference: Technical Report 43-101 (August 2011)).

About Orbite

Orbite owns 100% of the mining rights on approximately 6,441 hectares of a Grande-Vallée property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallée, and a 2 600 sq. m. full scale 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 Orbite Aluminae 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 August21 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

    Jacques Bedard
    Vice-President Finance and Chief Financial Officer
    Orbite Aluminae Inc.
    514-744-6264

    INVESTOR RELATIONS
    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