[Marinir] {Disarmed} Orocan (TSX-V: OR) Acquires Portfolio of Graphite Properties in Quebec

Thu Dec 1 14:26:23 CET 2011

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http://www.orocanresource.com 

Orocan Signs Agreement for Graphite Properties in Quebec 

Please Click Here To See Company Presentation 

http://www.orocanresources.com/i/pdf/OR-PPT.pdf 

Orocan Resource Corp. (TSX-V: OR 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=OR&region=C&lookup=symbol&snapshot=default 

) is pleased to announce it has signed an option agreement to acquire a 
100% interest in nine graphite properties in Quebec, Canada. Theses 
properties have been acquired by a group of vendors led by the Quebec 
Graphite Consortium (QGC). 

Chris Bogart President & CEO, remarks "We are extremely pleased to have 
strategically consolidated one of the most important graphite portfolios 
within Quebec. Mr. Fournier, President of QGC, has been active in 
graphite exploration in Quebec since 1987. His foresight to secure these 
properties has now provided our shareholders investment exposure in what 
we believe is the next important critical metal within the resource 
sector. These Quebec assets, coupled with our recently acquired Ontario 
properties, positions Orocan to be the premier pure-play graphite 
exploration company in North America". 

Summary of Quebec Graphite Properties 

There are three major graphite districts in Quebec; Wakefield, North 
Shore and New Quebec with notable deposits such as Lac des Iles (Timcal) 
and Lac Knife (Focus Metals). These nine properties are all located 
within these districts and centered on the metasedimentary belts of the 
Grenville Province. These are known marble/gneiss lithologies considered 
essential to host graphite deposit and having been metamorphosed to 
sufficiently high grade to produce the larger graphite flakes. 

For a map of Orocan's property portfolio please click the following 
link: 

http://www.orocanresources.com/i/pdf/Quebec_Properties_Location.pdf 

http://www.orocanresources.com/i/pdf/Quebec_Properties_Location.pdf 

Graphite Market 

Global consumption of natural graphite is estimated to have increased 
from ~600,000t in 2000 to 1.1 Mt in 2010. Demand for graphite is 
estimated to have been increasing by approximately 5% per year since 
2000 due to the ongoing modernization of China, India and other emerging 
economies, resulting in strong demand from traditional end uses such as 
the steel and automotive industries. Graphite also has many important 
new applications such as lithium-ion batteries, fuel cells and nuclear 
and solar power that have the potential to create significant 
incremental demand growth. There is roughly 10-20 times more graphite in 
a lithium-ion battery than there is lithium. Demand for graphite is 
expected to rise as electric vehicles and lithium battery technology are 
adopted as well as increasing uses in new technology applications. A 
recent European Commission study regarding the criticality of 41 
different materials to the European economy included graphite among the 
14 materials high in both economic importance and supply risk (Critical 
Raw Materials for the EU, July 2010). 

Terms 

Orocan has an option to earn a 100% interest in the nine graphite 
properties by making the following payments and issuing the following 
common shares to the Vendors: (i) $25,000 upon signing the Definitive 
Agreement (ii) $25,000 and 500,000 common shares on receipt of the TSX 
Venture ("TSXV") acceptance of the Definitive Option Agreement; (iii) 
500,000 common shares 6 months from TSXV acceptance: (iv) 500,000 common 
shares 12 months from TSXV acceptance; and (v) 500,000 common shares 18 
months from the date of the TSXV acceptance of the Definitive Option 
Agreement (vi) 500,000 common shares 24 months from TSXV acceptance; 
(vi) 500,000 common shares 30 months from TSXV acceptance; (vii) 500,000 
common shares 36 months from TSXV acceptance and (viii) 1,000,000 common 
shares 48 months from TSXV acceptance; 

The Vendors will retain a 2% Net Smelter Royalty ("NSR") on the 
properties of which 1% can be purchased for CDN $1,000,000. The 
agreement remains subject to acceptance by the TSXV. A finder's fee will 
be payable with respect to the transaction pursuant to the policies of 
the TSXV. 

Near Term Strategy 

Orocan plans to mount an aggressive exploration campaign on the majority 
of our Canadian graphite land package commencing with state-of-the-art 
airborne geophysical surveys, quotations for which have already been 
requested. In addition, Orocan is looking to enhance its graphite 
portfolio through acquisition of additional properties that meet its 
geologic criteria for the potential of a high quality flake graphite 
deposit within known graphite districts. 

ON BEHALF OF THE BOARD 

"Chris Bogart" 

President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Orocan Resource Corp 

Chris Bogart 

Tel: 604.683.2509 

Fax: 604.683-2506 

E-mail: info at orocanresource.com 

Cautionary Statement: 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release." 

The foregoing information may contain forward-looking statements 
relating to the future performance of Orocan Resource Corp. and demand 
for graphite. Forward-looking statements, specifically those concerned 
with future performance are subject to certain risks and uncertainties, 
and actual results may differ materially. These risks and uncertainties 
are detailed from time to time in Orocan Resource Corp.'s filings with 
the appropriate securities commissions. 

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