Orocobre Limited: ASX Announcement

BRISBANE, AUSTRALIA--(Marketwire - May 29, 2011) - Orocobre Limited (TSX:ORL)(ASX:ORE) is pleased to provide the opportunity to listen to an audio broadcast with Managing Director Richard Seville in a presentation titled "Definitive Feasibility Study Results for Salar de Olaroz – Richard Seville, Managing Director."

To listen, type the following link into your web browser: brr.com.au/event/81361

The broadcast covers the following topics:

• Overview of DFS results for the Olaroz lithium potash project

• Explanation of key DFS metrics

• Outline of the operating costs and industry comparisons

• Next steps for Orocobre (including financing and project approvals)

About Orocobre Limited

Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE)(TSX:ORL) and is the leading lithium-potash developer in the lithium and potassium rich Puna Lithium Province of Argentina.

ABN 31 112 589 910