Orsa Receives Conditional Approval for Quartz Mountain and Angel's Camp Option Agreements

Orsa Ventures Corp. (TSX VENTURE:ORN) ("Orsa" or the "Company") announced today
that it has launched its new website: www.orsaventures.com. 


The Company has also received conditional approval from the TSX Ventures
Exchange for the previously announced option agreement (the "Agreement") with
Seabridge Gold Inc. ("Seabridge") (TSX:SEA)(NYSE Amex:SA) whereby a wholly-owned
subsidiary of Seabridge ("SGC") has granted Orsa the exclusive option to earn a
100% interest in the Quartz Mountain Gold Property ("Quartz Mountain") and all
of SGC's undivided 50% beneficial joint venture interest in the adjacent Angel's
Camp Gold Property ("Angel's Camp"), together, the "Properties"). Both
properties are located in Lake County, southern Oregon on the northern extension
of the Basin and Range Province of Nevada. Both properties are subject to
underlying royalties and Angel's Camp is subject to the 50% joint venture
interest of Golden Predator Corp. ("Predator") (TSX:GPF).


Quartz Mountain 

The Quartz Mountain Property, consisting of 86 unpatented lode mining claims, is
a volcanic-hosted, hot-spring gold deposit. Gold mineralization occurs
extensively within late Miocene rhyolite porphyry domes and adjacent basaltic
flows, tuffs and volcaniclastic rocks.


An April 12, 2002 National Instrument 43-101 compliant report on Quartz Mountain
(the 43-101 Report) prepared by Winters, Dorsey & Company resulted in an
historical resource estimate as follows(i):




                    Measured & Indicated                 Inferred           
Deposit             Tonnes Au gpt   Au ounces      Tonnes Au gpt   Au ounces
Crone Hill      47,666,000   0.90   1,378,000  27,098,000   0.63     551,000
Quartz Butte    10,146,000   0.99     323,000  17,701,000   0.86     492,000
Total           57,812,000   0.92   1,701,000  44,799,000   0.72   1,043,000



(i)While the foregoing mineral resource estimate was completed in accordance
with the requirements of NI 43-101 as of the date of publication, the Company
cautions that an Orsa engaged qualified person has not done sufficient work to
classify the historical estimate as current mineral resources or mineral
reserves, and therefore, the historical estimate should not be relied on as
actual resources or reserves.


Angel's Camp 

The Angel's Camp Property consists of 158 unpatented lode mining claims and is
contiguous with the Quartz Mountain Property. Mineralization at Angel's Camp is
part of the large, district-scale epithermal mineralizing system associated with
Tertiary volcanic activity. The bonanza vein system is hosted within late
Miocene, rhyolite, porphyry domes and adjacent tuffs and volcaniclastic rocks.


Drilling at Angel's Camp, to date, has focused on high grade veins with five of
nine holes drilled in 2004 returning gold assays of greater than 3.42 gpt. The
highest grade intercept of a 2009 drill program completed was 17.11 gpt over 4.6
metres (true width not identified). Both drill programs confirmed the existence
of bonanza-style gold mineralization within broad intercepts of lower,
potentially bulk mineable, grades within surrounding volcanic and volcaniclastic
rocks such as occurs at Quartz Mountain.


Angel's Camp will be operated under a joint venture agreement (the "JV
Agreement") between Predator and SGC, with Orsa being responsible for SGC's
obligations under the JV Agreement, and is required to maintain SGC's percentage
interest, during the term of the option in respect of the Angel's Camp property.
Under the terms of the JV Agreement, Predator is the operator on Angel's Camp.


The properties have significant exploration upside for both high grade vein
systems and lower grade bulk mineable mineralization.


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 options to
earn a 51% interest in the Ashby Gold Property, Nevada through an agreement with
Bridgeport Ventures and to earn a 100% interest in the Coal Canyon Gold
Property, Nevada. 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.