Orsa Ventures Completes Tensor IP Survey at Ashby Property

Orsa Ventures Corp. (TSX VENTURE:ORN) ("Orsa" or the "Company") announced today
that the Company has recently completed a Tensor IP Survey on the Ashby Property
and surrounding area. Preliminary data suggests that there are at least two
anomalous zones in the area of the property.


On July 19, 2011 Orsa announced it had entered into an option agreement with
Bridgeport Ventures Inc. ("Bridgeport") whereby Orsa can earn up to a 51%
interest in Bridgeport's Ashby gold property in Nevada (the "Ashby Property")
through phased exploration expenditures, cash payments and share issuances.


The Ashby Mine is credited with reported production of 9,000 ounces of gold
between 1934 and 1937. Additional small scale mining removed several hundred
ounces per year in the 1980's and 1990's. Gold was produced from ten steeply
dipping, inclined shafts from over several hundred metres of underground
workings.


Mineralization occurs in a series of gold-bearing quartz veins carrying free
gold, pyrite and minor silver. The workings have been mapped and sampled in some
detail. Rock sampling near old workings has demonstrated the presence of gold
mineralization (up to 24 gpt Au) as well as copper (up to 0.99% Cu) and lesser
silver (up to 3.4 gpt Ag) mineralization.


While intrusive rocks have not been mapped at surface, a previous drill hole
intercepted gold-bearing, altered, iron-oxide stained quartz monzonite 120
metres below the surface. Previous drilling also established the downward
continuity of alteration associated with gold mineralization. The style and
intensity of the alteration zone associated with known gold occurrences suggests
that there is potential to discover a larger mineralized system on the Ashby
Property.


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.


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

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