Mr. Marc Johnson reports

ORBITE ANNOUNCES TERMS OF ITS PREVIOUSLY ANNOUNCED EQUITY FINANCING

Orbite Aluminae Inc. has fixed the terms of its previously announced best efforts marketed offering of units consisting of class A shares and warrants of Orbite with its syndicate of agents led by Euro Pacific Canada Inc. and including National Bank Financial Inc. The corporation has reached its financing objectives as it anticipates raising minimum gross proceeds of $35-million and maximum gross proceeds of $50-million, at a price of 70 cents per unit, each unit consisting of one Class A share and one-half Class A share purchase warrant, each whole warrant being exercisable at an exercise price of $1.00 for a period of 36 months following issuance.

In addition, the corporation has granted the agents the option to purchase up to that number of additional units as is equal to 15 per cent of the number of units issued under the offering during the 30-day period immediately following the closing date to cover overallotments and for market stabilization purposes.

The net proceeds from the offering will be used primarily to complete the corporation's high-purity alumina plant located in Cap-Chat, Que., and for general corporate and working capital purposes.

The units will be offered in Canada by short-form prospectus and in other jurisdictions on a private-placement basis, exempt from any prospectus, registration or other similar requirements. The offering is expected to close on or about July 12, 2013, subject to regulatory approvals.

We seek Safe Harbor.