RE:About time we have some news!!Laval, Qubec, January 30, 2019 - Orbite Technologies Inc. (NEX: ORT.H) (Orbite or the Company) today provided an update on its progress in implementing the solutions to resolve the issues encountered with the calcination equipment at its HPA Plant, as part of its plan to emerge from CCAA protection. Definitions of the capitalized terms used herein can be found at the end of this press release. Update on Outotec Calcination Equipment Following the settlement transaction with the calcination equipment supplier in July, the technical teams of both Outotec and the Company mobilized in August 2018 to progress on the detailed engineering and the order of the materials required for the modifications to the calcination equipment. Simultaneously, Orbite completed the design of the changes to the upstream sections of the HPA Plant resulting from the modifications to the calcination equipment. The detailed engineering and the order of materials for the modifications to the calcination equipment and to the upstream sections of the HPA Plant are now materially complete. All long lead items have been ordered and the critical path remains the delivery and the installation of the refractory bricks and specialty components required for certain modifications inside the decomposer. They have arrived in Quebec and delivery at the site is slated for this week, as originally planned. Replacement of the refractory bricks will start during the month of February 2019 and the modifications to the calcination equipment are expected to be completed at the end of March 2019. Accordingly, the Company plans on starting up the hydrometallurgical section of the HPA Plant in February 2019 to subsequently re-commence the production of ACH crystals required to feed the pyro metallurgical section (decomposition and calcination) which is expected to be started up at the beginning of the second quarter of 2019. The required modifications, to both the calcination equipment and upstream sections of the plant, are being carried out by both Orbite personnel and outside contractors and are progressing as per project plan and within budget. However, disbursements were incurred more slowly than anticipated which allowed Orbite to extend its cash flow until March 2019. In order to implement the above, the Company has progressively recalled its engineering and operating/maintenance personnel. The recall and hiring of operating personnel will continue during the first quarter of 2019 in preparation for the start-up of operations. Update on Financial Situation As previously disclosed, the Company is in advanced discussions with third parties for additional funding of approximately $2.7 million. According to the Companys cashflow projections filed with the CCAA Court, such additional funds would extend the cash flow into June 2019 and allow the Company to finalize the modifications to the calcination equipment, start-up the HPA Plant and produce a limited quantity of HPA to demonstrate the Plants capacity. It is then expected that the production activities will be put on hold while Orbite emerges from CCAA protection. As announced on October 4, 2018, the customary audit of the Government of Qubec for the 2016 ITC was completed. Orbite received an additional installment of $3.8 million in December from the Government of Qubec towards its 2016 ITC claimed. To date, a total of $8.8 million has been received and deposited in a segregated account and serves as security for the convertible debentures issued in August 2016. The audit for the amounts claimed as ITC for 2017 is now under way. CCAA Court extends the Stay Period As announced on July 16, 2018, the CCAA Court issued an order pursuant to the CCAA providing for a Stay Period until February 1, 2019. On January 30, 2019 the CCAA Court granted a motion filed by the Company and issued the following orders: extending the Stay Period until March 8, 2019; and relieving Orbite from its obligation to call the annual meeting of shareholders on or before March 15, 2019 and directing Orbite to call such annual meeting, as the case may be, by October 31, 2019. The Company will provide further updates as developments occur.