Orsu Metals Corporation (TSX-V: OSU) ('Orsu' or the 'Company') is pleased to provide the following update.

Contingent Proceeds Received: Orsu has received a payment of US$500,000 related to the 2016 sale of its interest in the Akdjol-Tokhtazan Project located in the Kyrgyz Republic. The Company agreed with the buyers to settle all loans and deferred consideration and to fully release them from any and all other financial obligations in exchange for this settlement payment.

Mr. Stefanovich has a long-term view of the investment and may acquire additional securities either on the open market or through private acquisitions or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of the early warning report required to be filed with the applicable securities commissions in connection with the conversion of the Special Warrants will be available on SEDAR at www.sedar.com.

Stock Option Grants

For the first time since September 2017, the Directors granted stock options on January 3, 2020 on a total of 889,000 common shares exercisable for up to five years at a price of $0.265 per share. The options granted are subject to applicable regulatory hold periods.

Contact:

Tel: +1-604-536-2711

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