Mr. Andrew Barber reports

OROCOBRE LIMITED: OLAROZ OPERATIONAL UPDATE

Over the weekend, Orocobre Ltd. temporarily ceased operations at its Olaroz lithium facility to undertake cleaning of the site and rotation of staff following positive COVID-19 test results from 35 employees. After following the Orocobre biosecurity protocol, operations are expected to recommence early this week, and the stoppage is not expected to materially affect operational nor financial results.

Eighteen of the 35 positive tests have been directly linked to a single person, who had originally tested negative and was asymptomatic at the start of the shift roster. All direct and subsequent contacts of that person were quickly isolated and tested. In addition, the rest of the 189 employees within the operations were also tested, and a further 17 people returned positive tests but were, however, asymptomatic and not linked to the original person. All employees had tested negative at the start of the roster. Prior planning and adherence to the biosecurity protocol mean employees working on the expansion are not affected as they are routinely isolated from the operational work force.

All infected employees remain in good health, and the company is providing support to them, their families and communities. The company continues to work closely with the local government, health authorities and unions to minimize any further spread of the disease.

Argentina is currently recording up to 18,000 daily positive cases of COVID-19, and total reported infections in Argentina now exceed one million.

The safety and well-being of employees, contractors, families and communities remain the No. 1 priority, and the company will continue to adapt operational practices as required to ensure this is achieved.

About Orocobre Ltd.

Orocobre is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and the Toronto stock exchanges. Orocobre's interests include the Olaroz lithium facility in northern Argentina, a material JORC (Joint Ore Reserves Committee) resource in the adjacent Cauchari basin, and Borax Argentina, an established boron mineral and refined chemical producer. The company has commenced an expansion at Olaroz and construction of the Naraha lithium hydroxide plant in Japan.