Orocobre Limited: Senior Executive Appointment - General Manager of Operations

Brisbane, Australia - Orocobre Ltd. (ASX:ORE) (TSE:ORL) (Orocobre or the Company) is delighted to welcome Mr Alex Losada to the role of General Manager of Operations. Alex will be responsible for overseeing the operations of both the Olaroz Lithium Facility and Borax Argentina SA.

As well as providing guidance and support to the General Managers of the Olaroz Lithium Facility and Borax Argentina SA, Alex will be responsible for driving the initiation and completion of the expansion studies for both the Olaroz Lithium Facility Stage 2 expansion (17,500 tpa lithium carbonate equivalent (LCE)) and the Borax Tincalayu refined borates production expansion from the current level of 30,000 tpa to 100-120,000 tpa of borax decahydrate equivalent.

Alex was born and educated in Argentina and has more than 25 years' experience in senior management roles in Australia and overseas as a Non-Executive Chairman, Non-Executive Director, Managing Director, Vice President of Exploration, Country Manager, Project Manager and Business/Market Development Manager and has past experience as a consultant for mining and technology companies, government agencies and universities.

Alex has extensive experience in leading feasibility and engineering studies, evaluating and implementing new technologies and dealing with diverse groups of stakeholders.

Alex holds a Bachelor Degree (Honours) in Geological Sciences from Universidad Nacional del Sur (Argentina) and a PhD in Economic Geology and Geochemistry from Monash University (Australia) is a competent person as defined under JORC and NI43-101 and is a member of the Australian Institute of Mining and Metallurgy.

Orocobre officially welcomes Alex to the team and looks forward to his contribution to the continued growth of the Company.


About Orocobre Limited:

Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentinian-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina.

The Company has built, in partnership with Toyota Tsusho Corporation and JEMSE, the first large-scale, greenfield brine based lithium project in 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate.



Contact:

Orocobre Ltd.
Richard Seville, Managing Director
T: +61-7-3871-3985, M: +61-419-916-338
E: rseville@orocobre.com

James Calaway, Chairman
M: +1-713-818-1457
E: jcalaway@orocobre.com