Orsu Metals Corporation ("Orsu" or the "Company") (TSX:OSU)(AIM:OSU) announces
today the closing of the sale of its 100% owned Varvarinskoye gold-copper mine
in northern Kazakhstan (the "Varvarinskoye Project") to OJSC Polymetal,
previously announced on June 15, 2009. As a result of the sale, Orsu and its
group companies no longer have any long-term debt or hedging obligations and
Orsu intends to use the proceeds from the sale of the Varvarinskoye Project to
fund the company's operating costs and to fund ongoing exploration activities on
its existing properties. Orsu remains excited by the prospects of its
exploration portfolio and will continue to pursue new opportunities and assets
in countries of the Former Soviet Union.


ABOUT ORSU

Orsu's exploration and development projects include the Karchiga Volcanogenic
Massive Sulphide ("VMS") deposit in Kazakhstan and the Talas and Tokhtazan
exploration licence areas in Kyrgyzstan. The business acquisition of Lero Gold
Corp. ("Lero") in 2008 positioned Orsu as a growth company which will
aggressively continue the exploration and development of its copper-gold
projects in Kyrgyzstan and Kazakhstan and pursue new opportunities and
acquisitions in countries of the Former Soviet Union.


- Talas Exploration Licence Area, Kyrgyzstan - The Taldybulak copper-gold
porphyry deposit is the primary exploration property within the Taldybulak-Talas
licence area, which comprises the core assets of the Company in Kyrgyzstan
including the Taldybulak, Kentash, Barkol and Korgontash licences. In April
2008, the Company completed a National Instrument 43-101 mineral resource
estimate. At a 0.30g/t gold cut-off, the Indicated resource is 79Mt @ 0.63g/t Au
and 0.17% Cu with the Inferred resources totalling 163Mt @ 0.58g/t Au and 0.14%
Cu. In December 2008, Orsu announced that it had signed a joint venture
agreement with Gold Fields for the further exploration and development of the
Talas licence area. The recently-completed 2008 and 2009 drilling programme was
designed to better delineate the extent and geometry at Taldybulak Central and
assess the additional tonnage potential through the testing of peripheral
targets along strike to the east, north west and south of the central high grade
core.


- Tokhtazan Exploration Licence Area, Kyrgyzstan - The Tokhtazan exploration
licence area is located in the Jalal-Abad Oblast, western Kyrgyzstan
approximately 100 km south from the Taldybulak deposit and is covered by two
exploration licences, Akdjol and Tokhtazan. The Tokhtazan prospect of
intrusion-related and shear-zone hosted gold was drilled by Cameco Inc during
1996-1998. Orsu's work during 2005-2008 confirmed the gold tenor identified by
Cameco Inc using diamond and RC drilling, with a possibility to extend the
mineralization. The 2009 exploration programme is underway incorporating
trenching, reverse circulation and diamond drilling as well as samples
collection and analysis.


- Karchiga Copper Project, Kazakhstan - The 47.3km2 Karchiga exploration and
mining licence contains the Karchiga VMS deposit. The Karchiga copper-gold
deposit is located in the extreme north east of the Republic of Kazakhstan,
within 40km of the Chinese border and within the Rudny Altai belt which is
ranked in the top four VMS belts in the world. In April 2008, the Company
released a National Instrument 43-101 mineral resource estimate. At a 0.50%
copper cut-off, the Indicated mineral resource is 4.75Mt @ 2.46% Cu while the
Inferred mineral resources total 2.81Mt @ 1.81% Cu. The primary scope of the
on-going 2008 and 2009 exploration programme is designed to upgrade the
previously reported mineral resource estimate to Measured and Indicated
categories under National Instrument 43-101.


Qualified Persons and Technical Reports

Mr Matthew Boyes, who is the Mineral Resources Manager for Orsu, and a
"qualified person" (as such term is defined in National Instrument 43-101), has
reviewed and approved the technical information in this press release in respect
of Orsu's mineral properties. Mr Boyes has verified the data disclosed in this
press release in respect of exploration results, including sampling and
analytical data underlying the information.


The mineral resource estimates at Taldybulak referred to in this press release
were prepared under the supervision of Matthew Boyes. These results were also
reviewed and approved by Wardell Armstrong International ("WAI"). However, WAI
relied upon the data presented by Lero Gold Corp. in formulating its opinion.
WAI's complete technical report in respect of the mineral resource estimates at
Taldybulak (entitled "Technical Report on the Exploration Licences held by Lero
Gold Corporation In Kyrgyzstan & Kazakhstan, Central Asia" and dated May 2008)
can be viewed on www.sedar.com.


The mineral resource estimate at Karchiga referred to in this press release was
prepared by Matthew Boyes (Mineral Resources Manager, Orsu), a "qualified
person" (as defined by National Instrument 43-101). The mineral resource
estimation methodology was reviewed by WAI. Assays were conducted at the
internationally certified Alex Stewart Lab in Bishkek, Kyrgyzstan. Orsu operates
a stringent QA/QC policy that includes external certified standard samples and
blanks in each individual batch sent for analysis. WAI's complete technical
report in respect of the mineral resource estimates at Karchiga (entitled
"Technical Report on the Exploration Licences held by Lero Gold Corporation In
Kyrgyzstan & Kazakhstan, Central Asia" and dated May 2008) can be viewed on
www.sedar.com.


Forward Looking Information

This press release contains forward-looking information which is not comprised
of historical facts. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results, performance and
opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this press release
includes, but is not limited to, the Company's intended use of the proceeds from
the sale of the Varvarinskoye Project, the expected effect of the sale on the
Company's ability to continue the exploration and development of its properties
and any other properties acquired by it, the Company's continued exploration and
development and its ability to pursue new opportunities and acquisition, and
mineral resource estimates and statements regarding potential mineral resources.
Factors that could cause actual results to differ materially from those
described in such forward-looking information include, but are not limited to,
adverse general market conditions, adverse changes in commodity prices, failure
to establish estimated mineral resources (the mineral resource figures referred
to in this press release are estimates and no assurances can be given that the
indicated levels of minerals will be produced) and those other risks set out in
the Company's public documents filed on SEDAR. Although the Company believes
that the assumptions and factors used in preparing the forward-looking
information are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this press release, and no
assurance can be given that such events will occur in the disclosed time frames
or at all. The Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law.


Additional information about the risks and uncertainties of the Company's
business is provided in its disclosure materials, including its Annual
Information Form dated 24 April 2009 which is available under the Company's
profile on SEDAR at www.sedar.com.


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