Orsa Ventures Stakes 153 Additional Claims Around Ashby Property and Announce Agreement for Corporate Advisory and Investor R...

Orsa Ventures Corp. (TSX VENTURE:ORN) ("Orsa" or the "Company") announced today
that, based on positive geophysical results from the previously announced Tensor
IP survey, the Company has staked an additional 153 claims around the Ashby
Property (the Property) in Nevada. Two areas of much higher IP effects have been
detected in the survey. The two IP area highs are consistent with the concept of
a potential porphyry system at depth.


Orsa has also initiated a district scale mapping and sampling program. Although
only a small portion of the claim block has been covered to date, a number of
structurally controlled zones of silicification and brecciation containing
visible copper oxides have been found to the east and west of the original
workings. A large zone of intense carbonate alteration containing pyrite and
pyrrhotite has also been located in the northwest corner of the claim block.
This zone is cross cut by at least two northerly striking, gossanous veins.


The Ashby Mine is credited with reported production of 9,000 ounces of gold
between 1934 and 1937 from high grade veins over several hundred metres of
underground workings. Additional small scale mining removed several hundred
ounces per year in the 1980's and 1990's.


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 and
recent geophysical results suggests that there is potential to discover a larger
mineralized system on 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
subject to TSX Venture Exchange ("Exchange") approval.


In other news, Orsa Ventures Inc. has engaged Freeform Communications Inc. to
perform corporate advisory and investor relations services for the Company,
subject to Exchange approval.


Freeform has been retained to assist the Company with a strategic mix of
corporate communications and investor relations services in order to increase
investor awareness, and introduce the Company to private investors, analysts,
brokers, fund managers and newsletter writers in the global mining industry and
international investment community.


Under the terms of the agreement, Orsa will pay Freeform $8,500 per month plus
harmonized sales tax and grant an option, according to the Company's stock
option plan and the policies of the Exchange, to purchase up to 250,000 shares
for a period of two years at a price of $0.195 per share and will vest over a
period of 12 months.


About Freeform

Robert R. Ferguson, president of Freeform Communications (established in 1992),
operates this full-service investor relations firm based out of Vancouver, B.C.
With over 40 years of combined experience specializing within the mining sector,
Freeform has represented a wide array of public and private clients, and has
assisted each in attaining their targeted goals including the raising of capital
and broadening their shareholder bases.


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. The
Company is actively seeking new acquisitions.


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.