Orsu Announces Closing of C$28 Million Equity Financing

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES.


Orsu Metals Corporation ("Orsu" or the "Company") (TSX:OSU)(AIM:OSU), the
London-based precious and base metals exploration and development company, is
pleased to announce that it has completed its previously announced public
offering of units (the "Units"). The Company issued 112,000,000 Units at a price
of C$0.25 per Unit for gross proceeds of C$28,000,000 (the "Offering"). Each
Unit consists of one common share of the Company (a "Common Share") and one-half
of one common share purchase warrant (each whole warrant, a "Warrant"), with
each Warrant being exercisable to acquire one Common Share at a price of C$0.50
for a period of two years from the closing date. The Offering was led by
Canaccord Financial Ltd. as sole manager and bookrunner (the "Agent"). 


The net proceeds of the Offering will be used towards the maintenance of the
Company's interests in, and for the further exploration and the development of,
the Company's mineral properties in the Republic of Kazakhstan and the Kyrgyz
Republic, to pursue future growth opportunities (which may include acquiring one
or more additional assets) if and when such opportunities arise and for general
corporate and working capital purposes.


The Common Shares comprising the Units are listed and posted for trading on the
Toronto Stock Exchange. Application for the Common Shares comprising the Units
has been submitted to the AIM Market of the London Stock Exchange ("AIM") and
dealings in these shares are expected to commence on 20 April 2010.


Certain officers and directors of the Company participated in the Offering.
Directors of the Company acquired the following securities in the Offering: Dr.
Sergey Kurzin, Executive Chairman, purchased 3,200,000 Units and following this
purchase is interested in 3,320,000 Common Shares and 1,600,000 Warrants; the
spouse of Dr. Alexander Yakubchuk, Director and Chief Operating Officer,
purchased 250,000 Units and following this purchase Dr. Alexander Yakubchuk is
interested in 250,000 Common Shares and 125,000 Warrants; and, Mark Corra,
non-executive Director, purchased 250,000 Units and following this purchase is
interested in 254,500 Common Shares and 125,000 Warrants. In addition,
Charlemagne Capital (IOM) Limited, a significant shareholder of the Company,
purchased 5,339,209 Units under the Offering.


The participation of such officers, directors and significant shareholder of the
Company in the Offering constitutes a related party transaction under Canadian
Multilateral Instrument 61-101. The Company completed each subscription within
21 days of the date the Directors approved the Offering, as part of the
Offering.


The participation of the above mentioned directors and their associates in the
Offering constitutes a related party transaction for the purposes of the AIM
Rules for Companies. Accordingly, the Directors (excluding those participating
in the Offering either directly or through their associates), having consulted
with the Company's Nominated Adviser, consider that the terms of the transaction
are fair and reasonable insofar as shareholders of the Company are concerned.
Following completion of the Offering, the Directors are interested in 3,854,500
Common Shares representing approximately 2.4% of the issued share capital of the
Company.


The Units, Common Shares, Warrants and Common Shares issuable upon the exercise
of such Warrants have not been registered under the United States Securities Act
of 1933 (the "Act") and may not be offered or sold absent registration under the
Act or an applicable exemption from the registration requirements thereof. This
news release does not constitute an offer to sell or a solicitation of an offer
to buy, nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction or an
exemption therefrom.


This announcement is for information purposes only and is only directed at (i)
persons who are (a) a "Qualified investor" within the meaning of Section 86(7)
of the United Kingdom Financial Services and Markets Act 2000 and (b) fall
within the categories of persons referred to in Article 19 (Investment
professionals) or Article 49 (High net worth companies, unincorporated
associations, etc.) of the United Kingdom Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 and (ii) persons outside the United
Kingdom to whom it may lawfully be communicated (all such persons together being
referred to as "relevant persons"). The securities being offered hereunder are
only available to, and any invitation, offer or agreement to subscribe, purchase
or otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on this
announcement or any of its contents.


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 in this press
release includes, but may not be limited to the anticipated use of the net
proceeds of the Offering and the expected timing of the commencement of dealings
in the Common Shares comprising the Units on AIM.


Factors that could cause actual results to differ materially from those
described in such forward-looking information include, but are not limited to:
risks normally incidental to exploration and development of mineral properties
(including unexpected underground conditions); the inability of the Company to
maintain its interest in its mineral projects; the Company's inability to enter
into definitive agreements on favourable terms, or at all, in respect of future
growth opportunities; the Company's inability to obtain, maintain, renew and/or
extend required licences, permits, authorizations and/or approvals from the
appropriate regulatory authorities, including the Government of Kazakhstan, and
other risks relating to the regulatory frameworks in Kazakhstan and/or
Kyrgyzstan; adverse changes in the political stability of the governments of
Kazakhstan and Kyrgyzstan; the occurrence of any act or acts of war (declared or
undeclared), hostile action by national or international armed forces, civil
war, revolution, insurrection, civil strife, terrorism or sabotage in Kazakhstan
or Kyrgyzstan; adverse changes in commodity prices; adverse market conditions;
and future unforeseen liabilities, as well as certain other risks referred to in
the Final Prospectus for the Offering and the Company's other public documents
filed under the Company's profile on SEDAR at www.sedar.com.


In connection with the forward-looking information contained in this press
release, the Company has made certain assumptions regarding, among other things,
the Company's business, the economy and the mineral exploration industry in
general, that the political instability and civil unrest currently ongoing in
Kyrgyzstan will not have an adverse effect on the Company or its property
interests in Kyrgyzstan, the regulatory frameworks in Kazakhstan and Kyrgyzstan
with respect to, among other things, royalties, taxes and environmental matters,
the Company's ability to obtain, maintain, renew and/or extend required permits,
licences, authorisations and/or approvals from the appropriate regulatory
authorities, and has also assumed that no unusual geological or technical
problems occur, plant and equipment work as anticipated, no material adverse
change in the price of copper or gold occurs and no significant events occur
outside of the Company's normal course of business. Although the Company
believes that the assumptions and factors used in preparing the forward-looking
information are reasonable, forward- looking information is not a guarantee and
undue reliance should not be placed on such information, which only applies as
of the date hereof. The Company disclaims any intention or obligation to update
or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.


Total shares issued and outstanding: 157,696,049