Orsu Metals Regulatory News (OSU)

FOR: ORSU METALS CORPORATION

TSX, AIM SYMBOL: OSU

May 1, 2012

Orsu Metals Corporation Announces Appointment of New Chief Financial Officer and Update of Current Fully Diluted Share
Capital

LONDON, UNITED KINGDOM--(Marketwire - May 1, 2012) - Orsu Metals Corporation ("Orsu", or the "Company")
(TSX:OSU)(AIM:OSU), the London-based precious and base metals development and exploration company, is pleased to
announce that Mr Kevin Denham has been appointed as Chief Financial Officer of the Company effective 1 May 2012. Mr
Denham replaces Mr Petro Mychalkiw who stepped down to pursue other business interests.

Mr Denham is a fellow of the Institute of Chartered Accountants in England and Wales ('FCA'), member of the Securities
Institute ('MSI') and holds the Corporate Finance qualification of the Institute of Chartered Accountants in England and
Wales ('CF'). Prior to joining Orsu, Mr Denham was a capital markets partner at Baker Tilly, Chartered Accountants, for
whom he worked since 1997 (the last seven years as partner) specialising in transaction services for companies
undertaking IPOs and other transactions by already listed companies.

The Company also announces that, following the expiration of 62.7 million share purchase warrants on April 16, 2012 the
fully diluted share capital of the Company, as at the date of this press release, is 173.4 million shares, consisting of
157.7 million issued shares and 15.7 million share options.

Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: "We are pleased that Mr Denham agreed to join Orsu. His
excellent corporate finance experience will strengthen the Company's senior management team at the crucial stages of
debt financing and construction of the Karchiga project in Kazakhstan. We thank Mr Mychalkiw for his past contributions
and support."

FOR FURTHER INFORMATION PLEASE CONTACT:

Orsu Metals Corporation
Dr Sergey V Kurzin
+44 (0) 20 7518 3999

OR

Orsu Metals Corporation
Dr Alexander Yakubchuk
+44 (0) 20 7518 3999

OR

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

OR

Canaccord Genuity Limited
Andrew Chubb
+44 (0) 20 7523 8000

OR

Vanguard Shareholder Solutions
+ 1 604 608 0824

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