Holding(s) in Company

31 Oct 2008 10:07



TSX: OSU

AIM: OSU

PRESS RELEASE

31 October, 2008

Orsu Metals Corporation

Holding(s) in Company

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Orsu Metals Corporation ("Orsu", or the "Company") (TSX: OSU, AIM: OSU), the London-based base and precious metal mining, production, exploration and development company, announces that on 30 October 2008 it received a notification by Charlemagne Capital (IOM) Limited, that on behalf of managed funds, it is interested in 81,284,439 or 17.79% of the Ordinary Shares of no par value of the Company. Previously Charlemagne Capital Limited was interested in 74,878,539 Ordinary Shares or 16.39% of the total number of shares in issue.

ENDS

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For further information please contact:

Tania Tchedaeva, Company Secretary, Orsu Metals Corporation

Tel: +44 (0) 20 7518 3999

Gavin Dallas, Investor Relations, Orsu Metals Corporation

Tel: +44 (0) 20 7518 3999

Ryan Gaffney, Canaccord Adams Limited

Tel: +44 (0) 20 7050 6500

Keith Schaefer, Vanguard Shareholder Solutions

Tel: + 1 604 608 0824

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