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Orsu Metals Corporation Announces Grant of Options

2008-07-14 10:37:00

                                                                             AIM: OSU

                                                                             TSX: OSU

                                                                        PRESS RELEASE

                                                                        14 July, 2008

                                   Orsu Metals Corporation

                           (Formerly European Minerals Corporation)

                              Orsu Announces Grant of Options


Orsu Metals Corporation ("Orsu", or the "Company") (AIM: OSU, TSX: EPM), the

London-based base and precious metal mining, development and exploration company,

announce the granting of options (the ?Options?) over its common shares to the

Directors of the Company as follows:

Name of Director        Date of Grant   Number of Options Granted   Number of Options After Grant

Dr Sergey Kurzin        11 July, 2008                   4,000,000                       5,000,000

Takhirzhan Baratov      11 July, 2008                   2,500,000                       3,500,000

Dr Alexander Yakubchuk  11 July, 2008                    1,500,00                       2,500,000

Mark Corra              11 July, 2008                     500,000                         700,000

Tim Hanford             11 July, 2008                     500,000                         800,000

The Options were granted pursuant to the Company's Share Option Scheme at an exercise price of CAD$0.83.

The Options will vest as to one-quarter on each of 31 December 2008, 30 June 2009, 31 December 2009 and

30 June 2010 and may not be exercised later than 12 July 2015.

In addition a combined total of 6,625,000 options were granted to company employees and consultants, on

the same terms and subject to the same vesting period as above. 



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

For more information, please contact

Orsu Metals Corporation

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