Mr. Richard Seville reports

OROCOBRE LIMITED (TSX:ORL) SALES DE JUJUY S.A. PAYS US$13.9M PRINCIPAL AND INTEREST PAYMENT

Sales de Jujuy SA, the operating company of Orocobre Ltd.'s Olaroz lithium facility, has now paid the sixth monthly principal and interest payment of $13.9-million (U.S.) due under its project financing facility. The facility now has a residual principal balance of $155.2-million (U.S.) having been reduced by $36.7-million (U.S.) since the first payment of principal and interest in September, 2015.

Sales de Jujuy has received no shareholder loans for over 12 months and is strongly cash flow positive. The continuing accumulation of cash by Sales de Jujuy will facilitate the release back to Orocobre of the first standby letters of credit and associated security deposits, which are the guarantees for the working capital facilities at Sales de Jujuy, within the next two months. The market will be advised, as such releases of funds back to Orocobre commence.

About Orocobre Ltd.

Orocobre is listed on the Australian Securities Exchange and the Toronto Stock Exchange and is building a substantial Argentine-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina.

The company has built, in partnership with Toyota Tsusho Corp. and JEMSE, the first large-scale, greenfield brine-based lithium project in 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost battery-grade lithium carbonate.