Mr. Richard Seville reports

OROCOBRE PROVIDES UPDATE ON VAT RECOVERY AT SALES DE JUJUY SA

Orocobre Ltd. has provided an update on value-added-tax recovery at Sales de Jujuy SA in Argentina.

The company is pleased to advise that the process of VAT recovery has accelerated and become a routine process over recent months. Approximately $2-million (U.S.) of refunds have been received by SDJ this week. Taking into account VAT received over the past 11 months, including such amount received this week, approximately $6-million (U.S.) has been received by SDJ to date. Further refunds of approximately $6.5-million (U.S.) have been approved by the Argentine tax authorities and are expected to be received in the near future.

About Orocobre Ltd.

Orocobre is listed on the Australian Securities Exchange and Toronto Stock Exchange, and is building a substantial Argentine-based industrial chemicals and 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 approximately 20 years at the Salar de Olaroz, with planned production of 17,500 tonnes per annum of low-cost battery-grade lithium carbonate.

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