Orsu Metals Corporation
AIM : OSU
TSX : OSU

Orsu Metals Corporation

November 12, 2009 02:30 ET

Orsu Announces Board Changes

LONDON, UNITED KINGDOM--(Marketwire - Nov. 12, 2009) - Orsu Metals Corporation ("Orsu" or the "Company") (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces the following changes to the Board of Directors and management, effective from 12 November 2009, following the sale of the Company's Varvarinskoye gold-copper project in Kazakhstan to OJSC Polymetal:

  • Mr Takhirzhan Baratov has resigned as Executive Director of Orsu and shall be retained as an executive advisor to Orsu for its remaining and potential future exploration and development projects in the Republic of Kazakhstan;

  • Dr Alexander Yakubchuk, formerly Orsu's Director of Exploration, remains on the board in his newly appointed position as Orsu's Chief Operating Officer.

Executive Chairman, Dr Sergey V Kurzin commented:

"We are extremely grateful to Mr Takhirzhan Baratov for his past contribution to the group, primarily as Chairman of the Board of Varvarinskoye and we look forward to continuing our successful collaborative working relationship with Mr Takhirzhan Baratov on Orsu's remaining and potential future exploration and development projects in the Republic of Kazakhstan. Dr Alexander Yakubchuk's new position on the board reflects Orsu's focus on its exploration and development portfolio and its pursuit of new opportunities and assets in countries of the Former Soviet Union, following the sale of the Company's Varvarinskoye gold-copper project in Kazakhstan to OJSC Polymetal."

Contact Information

  • Orsu Metals Corporation
    Dr Sergey Kurzin
    Executive Chairman
    +44 (0) 20 7518 3999
    or
    Orsu Metals Corporation
    Tania Tchedaeva
    Company Secretary
    +44 (0) 20 7518 3999
    www.orsumetals.com
    or
    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 20 7050 6500
    or
    Vanguard Shareholder Solutions
    Keith Schaefer
    +1 604 608 0824