Mr. James Calaway reports

OROCOBRE LIMITED ASX/TSX:ORL TRADING HALT

Orocobre Ltd. has requested that a trading halt be applied to all of its quoted securities pending release of an announcement in relation to a potential capital raising. The price and size of the potential capital raising are yet to be determined. The company has appointed Canaccord Genuity (Australia) Ltd. as lead manager. In accordance with the listing rules of the Australian Securities Exchange, the company requested that its ordinary shares be placed in preopen on the ASX pending an announcement regarding the potential capital raising. The ASX has granted such request, and unless the ASX subsequently decides otherwise, the company's ordinary shares will remain in preopen on the ASX until the earlier of the commencement of normal trading on Wednesday, Feb. 4, or when the announcement is released to the market. The company expects that the trading of its ordinary shares on the Toronto Stock Exchange will be temporarily halted during the same period.