Orsu Metals Corporation
LSE : OSU

Orsu Metals Corporation

July 14, 2008 11:37 ET

Orsu Metals Corporation Announces Grant of Options

                                                                             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. 

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
www.orsumetals.com

Contact Information

  • Orsu Metals Corporation