Orsu Metals New Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project

 
TIDMOSU 
 
New Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project 
FOR:  ORSU METALS CORPORATION 
 
AIM, TSX SYMBOL:  OSU 
 
April 7, 2015 
 
Orsu Metals Corporation: New Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project 
 
LONDON, UNITED KINGDOM--(Marketwired - April 7, 2015) - Orsu Metals Corporation ("Orsu" or the "Company"), the London- 
based dual listed (AIM:OSU)(TSX:OSU) base and precious metals exploration and development company, today announces that 
it has entered into a new conditional exclusivity agreement (the "Exclusivity Agreement") with David-Invest LLP ("David- 
Invest"), a Kyrgyz registered company, and a related company, David Way Limited ("David Way"), a Hong Kong registered 
company (together the "Potential Buyers") with a view to the potential sale of its Akdjol and Tokhtazan gold exploration 
licences in Kyrgyzstan (together the "Akdjol-Tokhtazan Project"). 
 
The key new terms of the Exclusivity Agreement are: 
 
 
 
=-  the Potential Buyers have been granted an exclusive right to purchase 
    the Akdjol-Tokhtazan Project until December 31, 2015 (the "Exclusivity 
    Period") conditional upon the Potential Buyers continuing to fund the 
    costs of maintaining the licence; 
 
=-  Orsu has the right to terminate the agreement 
 
    a.  at any time, in the event of non-fulfilment of the obligation to 
        fund the costs of maintaining the licence; or 
 
    b.  on serving notice between June 24 and 30, 2015, inclusive, and 
        September 24 and 30, 2015 inclusive. 
 
 
 
Other than as described above, there have been no significant changes to the terms of the previous exclusivity 
agreements signed in 2012, 2013 and 2014. In particular, the key terms are as follows: 
 
 
 
=-  the Potential Buyers have the option to purchase the Akdjol-Tokhtazan 
    Project at any time on or before the expiry of the Exclusivity Period 
    for a consideration of US$5.0 million. The previous non-refundable 
    deposits of US$400,000 received by the Company during 2014, will be 
    applied against the consideration in the event of any sale; 
 
=-  the Potential Buyers will fund the exploration programme for the Akdjol- 
    Tokhtazan Project licences (which are due to expire on December 31, 
    2015) on a non-refundable basis for the Exclusivity Period; and 
 
=-  the Potential Buyers have the right to terminate the Exclusivity 
    Agreement at any time. 
 
 
 
The Company will apply any proceeds from a sale to working capital and identification of other early stage exploration 
opportunities consistent with the Company's strategy. 
 
Management believe that in the absence of any other firm proposals from other interested parties and given the 
continuing difficult market conditions facing junior mining and exploration companies, and the specific challenges 
relating to assets within certain countries of the Former Soviet Union such as Kyrgyzstan, the Exclusivity Agreement 
represents the best prospect for achieving the disposal of the Akdjol-Tokhtazan Project available to the Company at this 
time and for the foreseeable future. 
 
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 contained or referred to in this press release includes, but may not be limited to, the potential sale of 
the Licences and the timing and terms thereof, as well as the Company's expectations relating to the use of any proceeds 
received from such sale. 
 
Factors that could cause actual results to differ materially from those described in such forward-looking information 
include, but are not limited to, the inability to maintain the Licences and any required permits, authorizations and/or 
approvals from the appropriate regulatory authorities, and other risks relating to the regulatory framework in 
Kyrgyzstan, adverse changes in the laws or political environment in Kyrgyzstan, adverse changes in commodities prices, 
as well as certain other risks set out in the Company's public documents, including its annual information form dated 
March 27, 2015, filed under the Company's profile on SEDAR at www.sedar.com. 
 
The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of 
the Company based on information currently available to the Company. In connection with the forward-looking information 
contained in this press release, the Company has made assumptions about: the Company's business, the economy and the 
mineral resources development and extraction industry in general; and the Company's ability to maintain the Licences. 
Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward- 
looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such 
information due to the inherent uncertainty therein. Any forward-looking information 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 information, whether as a result of new information, future events or results or 
otherwise. 
 
 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Orsu Metals Corporation 
Kevin Denham 
Chief Financial Officer and Company Secretary 
Tel: [phone] 
www.orsumetals.com 
 
OR 
 
Canaccord Genuity Limited 
Ryan Gaffney or Henry Fitzgerald O'Connor 
Tel: [phone] 
 
OR 
 
Vanguard Shareholder Solutions 
Tel: [phone] 
 
 
Orsu Metals Corporation