Orbite Updates Status of Offering

MONTREAL, QUEBEC--(Marketwired - Aug. 14, 2013) -

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Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite"), further to its press release dated July 25, 2013, wishes to update the market on its financing initiatives. Orbite management confirms its commitment to completing an equity offering within the coming weeks. The Corporation is currently reviewing a number of financing options, including the reassessment of the terms of the offering provided in the Corporation's prospectus dated July 15, 2013 following recent stock price variations. "We are committed to our primary objective of completing construction and optimization of our HPA production facility and are confident about completing an equity financing that will raise at least a significant portion of the funds required to that end," said Glenn Kelly, Orbite's Chief Operating Officer.

This release does not constitute an offer for sale of securities nor a solicitation for offers to buy any securities. The securities referred to in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.