ORBITE ANNOUNCES INCREASED FINANCING TO $12 MILLION

EXPLORATION ORBITE V.S.P.A. INC.
(TSX Venture: ORT.A)

MONTREAL, Nov. 1 /CNW/ - Exploration Orbite V.S.P.A. Inc. ("Orbite") (TSX VENTURE: ORT.A) is pleased to announce an increase to the maximum offering (the "Offering") for the intended brokered private placement announced on October 28, 2010 from 23,000,000 units (the "Units") to 27,000,000 Units.  The purchase price of each Unit being CDN$0.45, the maximum amount of the Offering is increased from CDN$10,350,000 to CDN$12,150,000.

Among other considerations, the decision to increase the maximum amount of the Offering is based on the high demand from reputable institutional investors.

The terms of the Offering remain unchanged from the previous announcement.  Readers are invited to consult the press release issued on October 28, 2010 for the details of the Offering and of the engagement of MGI Securities Inc. as placement agent. The Offering and closing of the financing are subject to regulatory approval from the TSX Venture Exchange Inc.

Investor Relations Agreement

Orbite is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian" or the "Consultant") to provide strategic marketing and investor relations services. Under the terms of the agreement, Orbite will pay First Canadian CDN$6,000 per month for a twelve month initial term and grant 400,000 stock options to purchase up to 400,000 Class "A" shares of Orbite at an exercise price of CDN$0.50 per share. First Canadian will assist Orbite in opening productive dialogue with private investors, analysts, brokers, money managers and other financial professionals. The Consultant will focus on generating market awareness among the investment community as Orbite continues implementations of its pilot project and moves into production. Jason Monaco, partner at First Canadian comments, "we are extremely excited to work with such a diligent and credible team who has had the foresight to develop their technology and intellectual property over many years and was recently granted patents in Canada and the United States."

About MGI Securities Inc.

MGI is an integrated Canadian investment dealer offering professional wealth management solutions for individual investors, a comprehensive range of specialized services for institutional investors, and corporate finance advisory services for issuers, including mergers and acquisitions, equity underwritings, corporate restructuring, structured financings, market research, and business valuation services. MGI is based in Toronto, with additional offices in Winnipeg, Saskatoon, Calgary and London, Ontario. MGI is a member of IIROC and is a subsidiary of Jovian Capital Corporation (TSX: JOV.TO). MGI has approximately $1.2 billion in client assets under administration.

About First Canadian Capital

Based in Toronto and in business for thirteen years, First Canadian Capital Corp. (www.firstcanadiancapital.com) identifies quality assets and undervalued companies with high growth potential. It has assisted numerous North American corporations in gaining exposure and recognition within the global investment community.

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.

%SEDAR: 00007619EF

For further information: