Orbite Receives Receipt of Final Prospectus Qualifying its C$57.5 Million Bought-Deal Offering

MONTREAL, QUEBEC--(Marketwire - Sept. 20, 2011) -

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Exploration Orbite V.S.P.A. Inc. (TSX VENTURE:ORT.A) ("Orbite" or the "Company") is pleased to announce that it has obtained a receipt for its final prospectus filed in each of the provinces of Quebec, Ontario, Alberta and British Columbia (the "Receipt"). The prospectus qualifies for distribution 17,968,750 class A shares (the "Common Shares") of the Company and 8,984,375 common share purchase warrants (the "Warrants") of the Company issuable upon the automatic exercise of 17,968,750 previously issued special warrants (the "Special Warrants"). The automatic exercise of the Special Warrants is expected to occur at 5:00 p.m. (Montreal time) on September 22, 2011, being the third business day after the issuance of the Receipt. The Receipt for the prospectus was obtained within the prescribed deadline.

Each whole Warrant is exercisable into one Common Share at C$4.50 until July 7, 2012. In the event that the volume weighted average price of the Company's Common Shares exceeds C$7.50 per Common Share for any consecutive ten-day trading period following September 19, 2011, the Company shall have the option to force the conversion of any Warrants outstanding at such time.

As previously announced, the Special Warrants were issued by way of a bought deal private placement through a syndicate of underwriters led by Mackie Research Capital Corporation and including M. Partners Inc. which closed on July 7, 2011 at a price of C$3.20 per Special Warrant, resulting in gross proceeds to the Company of C$57,500,000.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Company Update

The Company is pleased to confirm that its operations are progressing in accordance with the anticipated timeline and that it anticipates achieving its principal objectives projected for 2011 and 2012. These objectives include migration of its listing to the TSX Exchange, advancing its patented process in order to produce standard grade and high purity alumina in consistent qualities within specific operational parameters, upgrade of its high purity alumina pilot plant and the completion of a feasibility study. "We are pleased with the progress achieved during recent months, which enables us to comply with projected objectives and timelines", said Richard Boudreault, President and CEO of the Company.

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. facility in Cap Chat, both in the Gaspé region. The latest NI 43-101 report issued has identified an Indicated Resource of more than 1BT 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 clays for which other international patents are also pending. The Company has cash assets of more than $71 million.

For more information about Orbite, please visit www.orbitealuminae.com

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Orbite as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Orbite to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations and risks related to those mining operations, including risks related to government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility and competition. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Orbite does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Orbite does not provide any representation as to its comparability with other companies in its industry.