VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2010) - Orsa Ventures Corp. (TSX VENTURE:ORN) ("Orsa" or the "Company") announces that it has entered into a lease with an option to purchase the Coal Canyon gold property ("Coal Canyon" or the "Property") located in the West Humboldt Range, approximately 7 miles due east of Lovelock, Nevada. Coal Canyon consists of 35, contiguous, unpatented, lode mining claims (700 acres) and is in close proximity to several significant gold and silver mines in the area including Willard, Colado, Relief Canyon, Rochester, Standard and Florida Canyon. The primary exploration target at Coal Canyon is a sediment-hosted gold deposit similar to what has been discovered at the Willard mine property located approximately 5 miles to the north of the Property.

The terms of the lease provide for:

• Annual payments of $10,000 for Year 1; US$15,000 for Year 2; US$20,000 for Year 3 and US$25,000 for each year thereafter;
• A 3% NSR royalty which can be bought down to 2% for US$1,000,000;
• An option to purchase the Property outright for US$350,000 (an outright purchase of the Property would be required before any mining could commence and the NSR would survive any purchase of the Property);
• Any new claims located within 1 mile of the existing Property boundary to be staked in the name of the current owners;
• The preparation of bi-annual progress reports for distribution to the current owners; and
• The transfer of all technical data to the current owners if the lease is terminated.

Exploration on the Property to date has consisted of mapping and sampling programs as well as ground magnetic and CSAMT surveys. These programs and surveys identified intense alteration and mineralization in dikes and sills which suggest the presence of a robust hydrothermal system. Coal Canyon contains extensive zones of sediment and intrusive-hosted alteration. Jurassic and Triassic sedimentary rocks are intruded by Jurassic gabbro and Tertiary rhyolite. The main lithologic units on the Property are part of the Auld Lang Syne Group, which is a very thick sequence of peletic and sandy strata with interbeds and lenses of limestone and dolomite. Zones of strong argillic, propylitic, Fe-oxide and / or silicic alteration are concentrated in and around a sill-like body of felsic to dioritic composition occurring in a regional scale thrust fault.

Outcrops of the sill and the associated alteration strike to the northwest, extend over a minimum strike length of 5800 feet and average 400 feet wide. Sampling of these outcrops returned anomalous gold values of up to 3 grams and anomalous arsenic and antimony values of +1,000 ppm. In addition to the sill and associated alteration, there are also altered and mineralized zones striking east-west which are up to 1500 feet wide. Mineralization in these zones returned values of up to 2% disseminated pyrite and / or chalcopyrite,

The Company anticipates that Coal Canyon exploration will be staged and include upgrading and extending the current access road, trenching, mapping and sampling the road cuts and trenches, data compilation and evaluation and drill target definition. Orsa will shortly be developing an exploration work program and budget for the Property.

D. Kenneth Brook Jr., P.Geo, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release on behalf of the Company.

On behalf of the Board of Directors,

Brian Flower, President

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.