Annual Meeting of Shareholders: Orbite Reports on an Exceptional Year and Sets its Sights on the Future

Today, Exploration Orbite VSPA Inc. (TSX VENTURE:ORT.A) held its annual meeting of shareholders, where Richard Boudreault, President and Chief Executive Officer of Orbite, provided an overview of the Company's progress since its last annual meeting.

"These past months have seen Orbite achieve a number of critical steps, from the start-up of the pilot plant and initial production of high purity alumina to the production of metallurgical alumina and the addition of patents to protect the Company's technological innovations," he stated. "Each of these steps was completed within the set timetable and budget, demonstrating that Orbite is on track to market its products."

Mr. Boudreault also spoke of the exceptional performance of Orbite shares, which have risen more than 2,400% in value since last year, based on the TSX Venture index, and more than 260% in the past six months. He added that as a result, many analysts are now following Orbite shares and that their forecasts for the Company's future are very optimistic.

Mr. Boudreault concluded his talk with a presentation of the key objectives for Orbite in 2011-2012, including its transition to the TSX, the production of large samples for Alouette, the upgrading of the pilot facility for the production of high purity alumina, the preliminary funding of the metallurgical alumina production plant, and the production of the Company's first rare earth metal samples.

All Orbite board members were reappointed Lionel Léveillé, Chairman of the Board of Directors, Richard Boudreault, Director and President, Charles Chevrette, Director, Toby Gilsig, Director, Pierre Meunier, Director, Christian Van Houtte, Director, and Stéphane Bertrand, Director.

Shareholder rights agreement

The shareholders ratified and approved the continuation of the shareholder rights agreement between the Company and Computershare Investor Services Inc. (the "Rights Plan") entered into on September 9, 2008.

The Rights Plan is designed to provide shareholders and the board of directors more time to fully consider any unsolicited take-over bid for the Company. It will also allow more time for the board of directors to pursue, if appropriate, other alternatives to maximize shareholder value. In addition, it promotes the fair treatment of all shareholders by ensuring they have the opportunity to be involved in any take-over bid.

Launch of Web site and name change

Orbite took advantage of the annual meeting to launch its new Web site, which has been updated to better reflect the Company's leadership position. The new site will enhance Orbite's communication with its various stakeholders, particularly investors, who will find in it a wide range of information, from current financial data to information on Orbite products and technological processes.

The shareholders also approved a name change for the Company to Orbite Aluminae, which better reflects its new reality. However, this name will only take effect at a later date.