Orsu Metals Announces Update on Litigation

5 Dec 2008 16:20



TSX: OSU 

AIM: OSU

PRESS RELEASE

5 December, 2008

Orsu Metals Corporation

Update on pending litigation

______________________________________________________________________________________________

Orsu Metals Corporation ("Orsu", or the "Company") (TSX: OSU, AIM: OSU) announces that further to an update on 31 October 2008 relating to the previously announced class action claim, Orsu advises that the original claim has been effectively replaced by a new claim similar in nature, by a new plaintiff. This claim has today been served on the Company.

As previously announced the Company's directors believe that the claim is without merit and have appointed legal counsel to defend and vigorously dispute it.

ENDS

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

www.orsumetals.com

ENDMSCUUGMGPUPRGQA