Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company) issued 15,114,749 ordinary shares in the Company to shareholders of Advantage Lithium Corporation on 17 April 2020.

These shares were issued pursuant to a Plan of Arrangement whereby Orocobre acquired all of the outstanding shares of Advantage Lithium Corporation.

As required by section 708A (6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company notifies ASX that: a) the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act; b) this notice is being given under section 708A(5)(e) of the Corporations Act; c) as at the date of this notice, the Company has complied with: i) the provisions of chapter 2M of the Corporations Act as they apply to the Company and ii) section 674 of the Corporations Act and d) as at the date of this notice, there is no information that is 'excluded information' (within the meaning of sections 708A (7) and 708A (8) of the Corporations Act).

Contact:

Andrew Barber

Tel: +61 418 783 701

Email: abarber@orocobre.com

Web: www.orocobre.com

About Orocobre Limited

Orocobre Limited (Orocobre) is a dynamic global lithium carbonate producer and an established producer of boron. Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX: ORE), (TSX: ORL). Orocobre's interests include its Olaroz Lithium Facility in Northern Argentina, a material JORC Resource in the adjacent Cauchari Basin and Borax Argentina, an established boron minerals and refined chemicals producer. The Company has commenced an expansion at Olaroz and construction of the Naraha Lithium Hydroxide Plant in Japan.

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