Orsa Updates Progress at the Quartz Mountain Property

Orsa Ventures Corp. ("Orsa" or the "Company") (TSX VENTURE:ORN) wishes to
provide an update on progress at the Quartz Mountain gold property (Quartz
Mountain), located in Lake County, southern Oregon.


Quartz Mountain is a volcanic-hosted, hot-spring gold deposit on the northern
extension of the Basin and Range geologic province which has produced 186
million troy ounces of gold up to 2011. The 100 percent portion of the property
contains an undiluted, inferred mineral resource estimate of 2.85 million ounces
of gold (110,448,000 tonnes grading 0.8 grams per tonne gold) as defined in a
March 2012 NI 43-101 Technical Report (News Release February 15, 2012). The
adjacent joint venture property has been explored for its high grade gold
potential in two limited drill campaigns in 2004 and 2009. Several companies
actively explored Quartz Mountain from 1982 to 1991 investing an estimated
US$50-60 million in exploration and development.


Significant progress has been made on the property, since Orsa was granted
regulatory approval by the TSX Venture Exchange to exercise its option with
Seabridge Gold Inc. (TSX:SGC) (Seabridge) to earn a 100% interest in the Quartz
Mountain and Seabridge's 50% joint venture interest in the adjacent Angel's Camp
gold property. 


To date, Orsa has collected a significant amount of the historical exploration
data for the project and compiled it in Gemcom and Arcmap formats. Orsa has
retained JDS Engineering, under the direction of Orsa staff, to generate new
cross sections and refine the geologic model. This work is in preparation for a
drill campaign and subsequent revised resource estimate. Preliminary drill holes
have been sited primarily using pre-existing roads. Geotechnical studies will be
integrated into the drill program. Orsa has retained Enviroscientists, Inc. of
Reno, Nevada to assist with the permitting of the preliminary drill program. 


A field office has been secured and the Company is completing build out of a
4,000 square foot core storage and logging facility in Lakeview, the nearest
community to the property. Drill core from the 2004 and 2009 drill campaigns
have been relocated to the facility. Given the focus on high grade vein systems
for those drill programs, the majority of the core was not split, logged, nor
assayed. Logging of that core will commence in early August. Two key
consultants, Mr. William Rohtert and Mr. Trevor Thomas, who were involved with
key aspects of project development at Quartz Mountain in the 1980 drill
campaigns and regional exploration programs, have been recruited to assist with
the field work. 


Orsa has also completed a preliminary review of metallurgical work to date and
will initiate geometallurgical studies.


Prior to optioning Quartz Mountain, Orsa had retained Perkins Coie of Portland,
Oregon to complete a land title search and provide an opinion on the permitting
process. A comprehensive overview of the process has now been completed
concluding that the potential for successful and relatively efficient permitting
of the project is high. 


About Orsa

Orsa Ventures Corp. is a junior company focused on the exploration for, and
development of, gold-silver-copper properties in the western United States. In
addition to the Quartz Mountain and Angel's Camp Properties, Orsa has an option
to earn a 51% interest in the Ashby Gold Property, a porphyry copper gold target
in Walker Lane Mining Trend in Nevada through an agreement with Bridgeport
Ventures Inc. Orsa also has an option to earn a 100% interest in the Coal Canyon
Gold Property on the Oreana Mining Trend in Nevada where more than 10 million
ounces has been discovered since 2009. The Company continues to actively seek
new acquisitions to expand its precious metal holdings.


On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

Linda Thorstad, P. Geo., a Qualified Person as defined by National Instrument
43-101 and President and Chief Executive Officer of the Company, has read and
approved the technical information in this news release. 


FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's plans with
respect to the closing of the Financing and the use of proceeds thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.