Orbite Announces Filing of Preliminary Short Form Prospectus

MONTREAL, QUEBEC--(Marketwired - June 27, 2013) -

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Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Corporation") announced today that it has filed a preliminary short form prospectus (the "Prospectus") with the securities regulatory authorities in each of the provinces of Canada, in connection with a "best efforts" marketed offering of class A shares and warrants of Orbite (the "Offering").

The Corporation has retained Euro Pacific Canada Inc. to lead the Offering together with National Bank Financial Inc. (collectively the "Agents").

Final pricing and determination of the number of class A shares and warrants to be sold pursuant to the Offering will occur prior to the filing of the final short form prospectus in respect of the Offering. Closing of the Offering is subject to final pricing and regulatory approval.

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

Concurrent with the filing of the Prospectus, the Corporation has withdrawn its preliminary short form base shelf prospectus dated March 28, 2013.

A copy of the Corporation's preliminary short form prospectus is available on the SEDAR website at www.sedar.com.