Orocobre Selected in First Global Lithium ETF

Thursday, Jul 29, 2010

Orocobre Ltd (TSX:ORL)(ASX:ORE) is pleased to announce it has been included in the world's first lithium based Exchange Traded Fund (ETF).

The ETF, launched by Global X Funds is designed to track performance of the largest and most liquid lithium mining, refining and battery producing companies in the world.

Managing Director, Mr. Richard Seville said "Orocobre's selection highlights the important position of Orocobre in the emerging lithium industry, and the promising outlook for Lithium as a strategic commodity."

"This is a vote of confidence in the lithium sector as a whole and follows strong support in the sector from major global motor vehicle suppliers and companies, such as our partner Toyota Tsushu."

"Investors are increasingly aware of lithium's important role in a variety of battery applications, in particular for use in electric propulsion."

"The inclusion as one of just 20 companies in the ETF highlights Orocobre's position as one of the world's next large scale, low cost lithium-potash brine producers."

Paul Crawford, Company Secretary

Source: Market Wire