Industrial Alliance Securities provided an update on graphite explorer Orocan Resource Corp. in their December 2011 edition of Core Talk.

1. December 2, 2011
CORE TALK
OROCAN RESOURCES CORP. (TSX-V: OR)
Orocan Resources Corp., an exploration stage company, engages in the acquisition,
exploration, and development of graphite properties in Canada. Its properties include: The
Black Donald & Little Bryan properties, Ontario as well as the Carheil & River in Quebec.
The company is based in Vancouver, Canada with the exploration office based in Val d’Or,
Quebec.
Recent Development – December 1, 2011
Company Snapshot
OROCAN SIGNS AGREEMENT FOR GRAPHITE PROPERTIES IN QUEBEC
Total Shares Outstanding (M) 16.58*
Options & Warrants (M) 3.03 “"We are extremely pleased to have strategically consolidated one of the most important
Fully Diluted (M) 19.61 graphite portfolios within Quebec. [..]These Quebec assets, coupled with our recently
Share Price ($) 0.27 acquired Ontario properties, positions Orocan to be the premier pure-play graphite
90-Day Avg Volume 14,505 exploration company in North America." - Chris Bogart, President & CEO
52 Week High – Low ($) 0.39 – 0.12
Fully Diluted Market Cap ($M) 5.30* OR announced it has signed an option agreement to acquire a 100% interest in nine graphite
Cash ($M) 0.6 properties in Quebec, Canada. These properties have been acquired by a group of vendors led
*I/O post TSX approval of ON & QC property by the Quebec Graphite Consortium (QGC).
Acquisitions; Currently 14,833,644 outstanding
SUMMARY
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.
Orocan’s Property Portfolio
Stockcharts.com
NEAR TERM STRATEGY
Management  Aggressive exploration campaign
with state-of-the-art airborne
Chris Bogart President & CEO;
geophysical surveys;
Director
Antoine Fournier Chief Geologist
Michael Philpot Director  Enhance its graphite portfolio
Alan Hitchborn Director through acquisitions of additional
Terese J. Gieselman CFO properties that meet its geologic
criteria for the potential of a high
quality flake graphite deposit within
known graphite districts.
Source: Company Website

2. OROCAN RESOURCES CORP. DECEMBER 2, 2011
QUEBEC PROPERTIES OVERVIEW North Shore District
New Quebec District River
Carheil:
 High grade schist/marble lithologies favorable for large flakes;
 High grade schist/marble lithologies favorable for large flakes;  Disseminated graphite similar to Bissett Creek type;
 Proximal to Lac Knife graphite deposit;  Large claim block, regional targets;
 Easy access;  Poorly explored;
 Presence of massive (>30%) graphite boulders and graphite  Large assaying between 0.1 to 10% graphite.
seams in the rocks.
Wakefield District
Sandy Lake Preston
 Similar geology to Lac Knife;  High grade schist/marble lithologies favorable for large flakes;
 Large claim block, regional targets;  Prospected targets with potential for high-grade;
 Up to 12.44% Cg in lenses.  Well circumscribed target with high grade;
 Underexplored.
Sandy Lake NE Notre Dame
 Similar geology to Lac Knife;  Excellent access and infrastructure;
 Up to 30.46% Cg in lenses.  Largest claim block available in proximal location;
 10% Cg from historical sampling.
ONTARIO PROPERTY OVERVIEW
Black Donald Property – 100% Interest Historical Drilling Intercepts
 Surrounding the past producing Black Donald Mine; Hole # Length (ft.) Grade (%Cg)
 Black Donald Graphite Mine; 3 32.00 2.25
 Reported historic ore grades of up to 80% Cg; including 3.60 5.00
 Average reported grade was 25-30% Cg during last 10 years of mine life; 4 28.20 2.36
 Responsible for 94% of the total value of Ontario graphite production 8 10.70 5.80
including 10.50 3.06
9 17.50 3.33
including 7.60 2.77
10 55.20 3.77
12 40.00 2.67
Source: Company Website
2011 Exploration Program
Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7
Airborne EM Evaluate 5,000m of Evaluate drill
mapping, 1st Phase
Survey Ground EM- exploration data DDH results to
Sampling, Metallurgical
(5,000 line Detailed to delineate & Drilling to determine to
Trenching Tests on
km's @ ground prioritize targets test 8-10 prioritize targets
over EM Graphitic
150m geophysics for Phase 1 Drill priority for rapid
Targets Material
spacing) Program targets development
Source: Company Website
Source: Company Website
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