Orocobre Limited: Change of Director's Interest Notice

BRISBANE, AUSTRALIA--(Marketwire - Oct. 16, 2011) - Orocobre Limited (TSX:ORL)(ASX:ORE)

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	OROCOBRE LIMITED
ABN	31 112 589 910

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JAMES D CALAWAY
Date of last notice	10 December 2009

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Lithium Investors LLC – a corporation based in the United States of America of which the Director is President and holds a relevant interest.
Date of change	14 October 2011 (Acquired over the period 11-14 October)
No. of securities held prior to change	8,250,000
Class	Ordinary shares
Number acquired	254,000 shares
Number disposed	nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$350,540
No. of securities held after change	8,504,000 shares – Lithium Investors LLC
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market Trade

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 – Closed period

Were the interests in the securities or contracts detailed above traded during a closed period where prior written clearance was required?		No
If so, was prior written clearance provided to allow the trade to proceed during this period?		n/a
If prior written clearance was provided, on what date was this provided?		n/a