Orbite Releases Positive Preliminary Economic Assessment for Its Planned Metallurgical Grade Alumina Plant With the Capacity to Extract Value-Added Oxides, Rare Metals and Rare Earth Oxides

Economics show $7.7 billion NPV with an IRR of 114% and payback in less than one year

Orbite Aluminae Inc. (TSX: ORT.TO - News) ("Orbite") is pleased to announce the results of the Preliminary Economic Assessment ("PEA") prepared by Genivar Inc. on its planned commercial metallurgical grade alumina (SGA) production plant (the "Plant"). Orbite plans to produce an estimated 539,700 tonnes per year of alumina, 189,000 tonnes of pure hematite, 1.2 million tonnes of high purity silica, 28,000 tonnes of magnesium oxides, 104,000 tonnes of other value-added oxides, and 820 tonnes of rare metal and rare earth oxides, including, among others, dysprosium, erbium, europium, yttrium, cerium, neodymium, praseodymium, and terbium, and rare metals such as gallium and scandium.

Orbite to Announce Preliminary Economic Assessment for the Planned Metallurgical Alumina Plant in Gaspesian Region of Quebec

Orbite Aluminae Inc. (TSX: ORT.TO - News) ("Orbite" or the "Company") will announce the results of the preliminary economic assessment (PEA) prepared by Genivar Inc. for its planned metallurgical grade alumina plant, on Tuesday morning November 29, 2011.

The Company will host a webcast conference call on Tuesday, November 29, 2011 at 10:30 AM EST where senior management will discuss the results of the PEA. The details of the conference call are as follows:

Talon Metals announces mineral resource estimate for Target Areas 4, 5 & 6 at the Trairão Iron Project, Brazil

Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce an inferred mineral resource estimate for Target Areas 4, 5 and 6 at its 100% owned Trairão Iron Project ("Trairão Project"), located in Pará State, Brazil.

The National Instrument 43-101 ("NI 43-101") compliant inferred mineral resource estimate ("Resource") for Target Areas 4, 5 and 6 is estimated at approximately 103 million tonnes at an average grade of approximately 29% Fe (25% Fe cut-off). The addition of the Resource for Target Areas 4, 5 and 6 represents an increase of approximately 9% on the previously reported cumulative inferred mineral resource estimate of approximately 1,102 million tonnes for Target Areas 1, 2 and 3 (see Table 1). The effective date of the Resource for Target Areas 4, 5 and 6 is November 24, 2011.

Iberian Board agrees to recommend Trafigura Offer of Cdn.$1.10 per share for the company and provides 2012 guidance

Not for distribution to United States newswire services or for dissemination in the United States

Iberian Minerals Corp. ("Iberian") (IZN:TSXV) announces that it has entered into an agreement (the "Pre-Acquisition Agreement") with Trafigura Beheer B.V. ("Trafigura") pursuant to which Trafigura has agreed, subject to the terms of the Pre-Acquisition Agreement, to make an offer to purchase all outstanding registered shares of Iberian (the "Iberian Shares") that it does not already own by way of a take-over bid at a price of Cdn.$1.10 per Iberian Share in cash (the "Offer").