March 22, 2013 at 17:07 PM EDT
Orchid Island Capital, Inc. Announces the Filing of Form 10-K for the Year Ended 2012 With the Securities and Exchange Commission

VERO BEACH, Fla., March 22, 2013 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE MKT:ORC) announced that on Friday, March 22, 2013 the Company filed its Form 10-K for the year ended December 31, 2012 with the Securities and Exchange Commission. Copies of the Form 10-K for the year ended December 31, 2012 are available on the Company's website (OrchidIslandCapital.com) or by contacting the Company at the address below and requesting a hard copy. The Company will furnish hard copies upon request free of charge.

About Orchid Island Capital, Inc.

Orchid Island Capital, Inc. is a specialty finance company that invests in Agency RMBS that are either traditional pass-through Agency RMBS or structured Agency RMBS. Orchid Island Capital, Inc. intends to elect to be taxed as a real estate investment trust for federal income tax purposes.

Forward Looking Statements

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward looking statements are based upon Orchid Island Capital, Inc.'s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward looking statements. For further discussion of the factors that could affect outcomes, please refer to the "Risk Factors" section in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim any obligation, to publicly release the results of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

CONTACT: Orchid Island Capital, Inc.
         Robert E. Cauley
         3305 Flamingo Drive, Vero Beach, Florida 32963
         Telephone: (772) 231-1400
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