2009-05-13 09:47 ET - News Release

Mr. Alexander Yakubchuk reports

ORSU PROVIDES UPDATE ON MINERAL EXPLORATION PROJECTS

Orsu Metals Corp. is providing an update of continuing work at the Talas and Tokhtazan exploration licence areas of northwest Kyrgyzstan, and the Karchiga exploration area of northeast Kazakhstan.

Talas update

The Talas exploration licence area comprises the Taldybulak-Talas, Barkol, Kentash and Korgontash areas.

The previously announced 2008/2009 drilling program to better delineate the extent and geometry at Taldybulak Central, and assess the additional tonnage potential through the testing of peripheral targets of the central high-grade core, is under way. An overall exploration expenditure of $7.8-million is budgeted for the Talas project in 2009, all of which will be covered by Gold Fields Orogen Holdings BVI Ltd.

To the end of April, 2009, a total of 12,291 metres have been drilled, representing 72 per cent of the initially planned 17,000-metre drill program. A total of 10,168 samples have been delivered to the Alex Stewart laboratory (Karabalta, Kyrgyzstan) for elemental analysis, of which 9,861 assay results, or 97 per cent of submitted samples, have been received. The results in the table named significant mineral intersections received from the 2008/2009 Taldybulak drill program confirm that the Taldybulak-Talas prospect contains broad and coherent copper-gold porphyry mineralization at above-average gold grades for this style of mineralization.

        SIGNIFICANT MINERAL INTERSECTIONS RECEIVED FROM THE 2008/2009 
                          TALDYBULAK DRILL PROGRAM

BHID          From (m)      To (m)     Length (m)    Au g/t    Cu %    Mo %

TB0030           10.3       188.0          177.7        0.3    0.30   0.013
Including        10.3        22.8           12.5        0.3    0.78   0.004
TB0031           62.0       439.8          377.8        0.9    0.23   0.015
Including       299.6       439.8          140.2        1.7    0.30   0.024
TB0032          182.4       320.6          138.2        1.2    0.25   0.025
Including       266.5       297.9           31.4        2.0    0.25   0.021
TB0035           92.5       299.0          206.5        0.8    0.20   0.020
including        92.5       205.0          112.5        1.0    0.25   0.021
TB0038          129.0       421.0          292.0        0.3    0.27   0.015
including       129.0       222.0           93.0        0.1    0.33   0.011
TB0038          541.0       677.5          136.5        1.4    0.11   0.014
including       649.3       677.5           28.2        2.6    0.17   0.011
TB0043          200.0       338.4          138.4        1.8    0.14   0.009
including       202.0       227.0           25.0        3.8    0.06   0.020
TB0044            3.5       183.0          179.5        0.5    0.24   0.006
TB0045          112.9       162.7           49.8        0.1    0.28   0.006
TB0045          204.7       241.0           36.3        0.1    0.31   0.008
TB0046           13.0       124.0          111.0        1.8    0.33   0.005
including        64.0        99.2           35.2        3.4    0.42   0.008
TB0046          159.0       197.6           38.6        0.9    0.24   0.012
TB0047A         500.6       549.8           49.2        0.2    0.24   0.010
TB0049          185.0       277.7           92.7        1.2    0.08   0.008
Including       254.7       276.9           22.2        2.2    0.03   0.003
TB0050          148.0       294.0          146.0        0.6    0.13   0.009
TB0052          146.7       176.0           29.3        0.5    0.28   0.011
TB0052          534.0       629.0           95.0        1.0    0.14   0.020
including       580.0       629.0           49.0        1.6    0.18   0.022

Estimated true widths vary from 85 per cent to 95 per cent of drilled 
width.

Tokhtazan update

The Tokhtazan exploration licence area comprises the Akdjol and Tokhtazan licences.

Within the 2008/2009 exploration program, works undertaken within the Tokhtazan licence included 1,540 metres cubed of trenching and road cutting, with 640 samples being collected. In addition, a 642.5-metre reverse-circulation (RC) and diamond drilling program was completed.

The table called significant mineral intersections within the Tokhtazan licence drilling works shows assay results from core and RC drilling, which confirm the presence of the previously interpreted mineralized structure. Orsu intends to carry out further investigative drilling during the 2009/2010 exploration season.

         SIGNIFICANT MINERAL INTERSECTIONS WITHIN THE TOKHTAZAN 
                           LICENCE DRILLING WORKS

ID                          Type     From (m)   To (m)  Length (m)   Au g/t

TDD08-01      Diamond drill hole           6       22          16      1.01
TDD08-01B     Diamond drill hole           0       23          23      1.36
TDD08-07      Diamond drill hole          76       80           4      0.63
TDD08-07      Diamond drill hole       130.2    134.2           4      2.21
TTR08-07           RC drill hole          67       99          32      1.89
TTR08-07           RC drill hole         112      125          13      0.94
TTR08-08           RC drill hole           2        3           1      1.00
TTR08-08           RC drill hole          57       80          23      2.04
TTR08-08           RC drill hole          84       85           1      1.85
TTR08-08           RC drill hole          94       95           1      0.52
TTR08-08           RC drill hole         119      125           6      1.02

Estimated true widths vary from 70 per cent to 75 per cent of drilled 
width.

Akdjol project

The company also performed 3,140 metres cubed of trenching and road-cut sampling, with about 2,532 samples collected. In 2008, the works were focused on the Bulderek occurrence, located 3.5 kilometres south-southwest from the Tokhtazan licence. The works included prospecting, trenching and geophysical exploration:

• Dipole-dipole induced polarization (DD-IP) (interval: 50 metres, depth: 200 m, total: 12.8 kilometres);
• Magnetic survey (interval: 25 m, total: 41.45 km);
• Gamma-ray spectrometry (interval: 25 m, total: 43.3 km).

The 2008 works identified a previously unknown Cu-Au (copper-gold) anomalous zone. The table named significant mineral intersections from Akdjol's 2008 trenching works shows assay results received for the 2008 channel sampling.

    SIGNIFICANT MINERAL INTERSECTIONS FROM AKDJOL'S 2008 TRENCHING WORKS

Trench ID        From (m)      To (m)    Thickness (m)    Au g/t       Cu %

TR 08-06             2.0         9.0                7       1.63       0.47
                    22.0        28.0                6          -       0.40
TR 08-07            50.0        58.0                8       0.78        0.2
                    82.0       133.0               51          -       0.41
TR 08-08            36.0        38.0                2       1.86       0.28
                    43.0        46.0                3          -       0.58
                    69.0        84.0               15       0.95       0.31
                    95.0        99.0                4       4.39       0.18
                   106.0       119.0             13.0          -       0.55
TR 08-10             7.0        23.0               16       0.78       0.24
                     2.0        23.0               21          -       0.26
TR 08-11            11.0        22.0               11          -       0.50
                    46.0        50.0                4          -       0.42
                    63.0        64.0                1       3.47        1.2
TR 08-12            16.0        20.0                4       0.51       0.37
                    37.0        53.0               16          -       0.78
TR 08-13             9.0        14.0                5          -       0.37
                    61.0        65.0                4          -       0.61
TR 08-14             1.0        37.0               36       0.18       0.19
                    59.0        63.0                4       0.23        5.2
                    88.0        95.0                7          -       0.40
TR 08-15             2.0        20.0               18       0.61       0.40
                    27.0        33.0                6          -       1.15
TR 08-23             2.0         6.0              4.0          -       0.26
                     9.0        19.0             10.0          -       0.27
                    32.0        34.0                2       0.46       0.36
TR 08-24             3.0         4.0              1.0       1.28       0.17
                     7.0         8.0                1       1.01       0.22
                    15.0       17. 0                2       1.58       0.21
                    26.0        27.0                1       4.69       0.21
TR 08-27             1.0         5.0                4       1.22       0.46
                     6.0        12.0                6          -       0.27
                    23.0        52.0               29       3.02       0.53

Based on current geological observations, the trenched sample widths are
considered to be representative of the true width of the outcropping
mineralization, although the true thickness of the mineralization downdip
is yet to be confirmed.

Karchiga update

The primary scope of the 2008/2009 program is designed to upgrade the previously reported mineral resource estimate at the Karchiga project to measured and indicated categories under National Instrument 43-101. This work will be based on drilling, geophysical and geochemical works completed as part of the 2008 exploration program focused on the central and northeast lodes of Karchiga.

The total drilling program consisted of 10,599.8 m, of which 9,804.7 m were drilled at Karchiga's central and northeast lodes, with an additional 795 m completed to test new exploration targets. All samples have now been submitted to the Alex Stewart laboratory, Kyrgyzstan, and, after receipt of the final assay results, Orsu will, in due course, provide an update.

Notes to editors:

1. For avoidance of confusion:
   • The Taldybulak copper-gold porphyry prospect within the Taldybulak exploration licence area is a separate asset from the Taldybulak Levoberezhny gold deposit previously owned by Central Asia Gold Ltd.
   • The Talas Copper Gold LLC, holder of the Taldybulak licence, is a separate company from Talas Gold Mining Co., which was the owner of the Jerooy gold project.
2. Orsu Metals operates a stringent QA/QC (quality assurance/quality control) policy that includes external certified standard samples and blanks in each individual batch sent for analysis. Further information on the Taldybulak-Talas, Akdjol and Karchiga projects is included in the technical report entitled technical report on the exploration licences held by Lero Gold Corp. in Kyrgyzstan and Kazakhstan, Central Asia, and dated May, 2008, a copy of which can be obtained from SEDAR.
3. No uppercut grade has been applied to assay data during calculation of average interval grades.
4. Matthew Boyes, BSc, mineral resources manager for Orsu and a qualified person, as such term is defined in National Instrument 43-101 and for the purposes of the AIM Guidance Note for Mining, Oil & Gas Companies, has reviewed the contents of this news release. Mr. Boyes has verified the data disclosed in this release, including sampling, analytical and test data underlying the information.