NEWS RELEASE

Progress Update on the Karchiga Project Feasibility Study in Kazakhstan

Appointment of Mr David Rhodes as Non-Executive Director

December 7, 2010

Orsu Metals Corporation (TSX:OSU, AIM:OSU), the London-based precious and base metals exploration and development company, is pleased to announce that it has made excellent progress in advancing the definitive feasibility study (the "Feasibility Study") for its Karchiga volcanogenic massive sulphide copper project in northeast Kazakhstan (the "Karchiga Project"), with a view to being ready to commence construction at the Karchiga Project before the end of 2011.

All drilling (Table 1) was completed on the 30th November 2010, four weeks ahead of schedule. The core has been transported to Ust-Kamenogorsk and the drilling contractors are currently in the process of demobilisation.

The infill resource drill core is being prepared for assaying which is expected to be completed in January 2011. SRK Consulting (UK) Ltd ("SRK") will then update the Karchiga Project geological model upon receiving all assays to commence the open pit and plant design.

The core from the geotechnical drilling is currently being logged and tested at a local laboratory in Ust- Kamenogorsk under the supervision of SRK. The work is expected to be completed ahead of schedule by January 2011 in order for the results to be modelled into the open pit design.

The Company expects to complete hydrological field tests, which it commenced in November 2010, by the end of December 2010, the results from which will be used to determine open pit slope angles.

Hydrological holes, drilled at various locations around the site, are being monitored and used to test water quality and ground water flow modelling. The first round of ground water sampling for the ESIA will be carried out in December 2010.

Metallurgical sample drilling has been completed and the core has been sampled in preparation for the commencement of metallurgical testwork in December 2010.

In addition, in preliminary preparation for the future work in selecting an off-taker for the Karchiga Project copper concentrate, Orsu submitted a representative sample of the typical ore from the Karchiga Project to KazZinc (Ust-Kamenogorsk). KazZinc, a Kazakh subsidiary of Glencore International AG, is testing the compatibility of the Karchiga Project ore for processing at their new copper smelter facility in Ust- Kamenogorsk, which is due to be fully operational in 2012. The testwork included an evaluation of the beneficiation qualities of the ore using a centrifugal Nelson concentrator and a series of flotation tests at different grind sizes and using different floatation agents. The preliminary test results show that the ore is very compatible with the smelter requirements and recoveries of up to 93% were achieved.

Appointment of Director

The Company is pleased to announce the appointment of Mr. David John Rhodes as Non-Executive directorof the Company with immediate effect.

Mr. Rhodes, aged 44, is currently a Managing Director at Endeavour Financial Limited ("Endeavour"). His experience in the natural resource business spans more than twenty five years, having arranged, structured and advised on over $4.5 billion of resource related projects around the world. Mr. Rhodes' career, prior to joining Endeavour, was at Standard Bank, Barclays Capital and Royal Bank of Scotland. At Standard and Barclays, he sourced, structured and syndicated finance for resource projects and companies on a global basis. Having lived and worked in London and New York, he has international experience in the CIS, North/South American, European and African markets. Mr. Rhodes is a member of the Institute of Financial Services and has a BSc (Hons) in Financial Services.

Dr Sergey V Kurzin, Orsu's Executive Chairman, commented: "Orsu is very pleased with the timely and onschedule progress of the Karchiga Feasibility Study. Orsu is particularly pleased with the preliminary encouraging results from the metallurgical testwork at the KazZinc copper smelter, which gives us technical comfort and will help in the future selection of the off-taker for the Karchiga copper concentrate. We are also very pleased with David Rhodes joining the Board. His vast and in-depth experience both in mining banking and project financing world-wide and especially in the countries of the Former Soviet Union will be very beneficial for the development of Orsu's Karchiga Project and other projects."

The companies of which Mr. Rhodes has been a director in the past five years are, Endeavour Financial Limited, Mus2all Limited, Green Park Environment LLP, Maia Green LLP, and Apus Sequestration LLP. Mr. Rhodes is currently interested in 332,400 common shares of Orsu and 152,000 common share purchase warrants.

Full Article

For further information please contact:

Ray Oates, Technical Director, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999

Tania Tchedaeva, Company Secretary, Orsu Metals Corporation
Tel: +44 (0) 20 7518 3999

Ryan Gaffney, Canaccord Genuity Limited
Tel: +44 (0) 20 7050 6500

Vanguard Shareholder Solutions
Tel: + 1 604 608 0824
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