Source: Orocobre Limited

Update on Drilling Results from Salinas Grandes Lithium-Potash Project

BRISBANE, AUSTRALIA--(Marketwire - July 13, 2011) - Orocobre Limited (TSX:ORL)(ASX:ORE) wishes to advise that it is now in receipt of the analytical results from the brine samples taken during the core drilling program at the Salinas Grandes Lithium-Potash project in Salta Province, NW Argentina. The Company and its consultants are currently analyzing the data and will release the results within the next couple of days.

Paul Crawford, Company Secretary

Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (TSX:ORL)(ASX:ORE) and is the leading lithium-potash developer in the lithium and potassium rich Puna region of Argentina. For further information, please visit www.orocobre.com.

ABN: 31 112 589 910

Contact Information:

Australia and Asia
Orocobre Limited
Richard Seville
Managing Director
M +61 419 916 338

FD
Gemma Young
+61 8 9386 1233
M: +61 412 349 345
gemma.young@fd.com

North America
Orocobre Limited
James D. Calaway
Chairman
+1 (713) 366-0301
M: +1 (713)-818-1457

FD
Jessica Wagner
+1 (312) 861 4707
M: +1 (646) 258 7439
Jessica.wagner@fd.com