Orsu Metals Corporation provides an update on its activities at the Sergeevskoe project. As previously reported, the Company received RUB 75 million from Alexandrovskoe gold mine, its primary contractor ("Contractor"), for the sale of 155.7 kg (approximately 5,000 ounces) of gold extracted into Dore bars during the First Phase of pilot mining. From February to early April 2021, the Company received an additional RUB 43.3 million bringing total proceeds received to-date to RUB 118.3 million (approximately $1.56 million). The Company expects to receive the remaining amount of RUB 79.5 million (equivalent of approximately $1.05 million at most recent exchange rate) during April to late May 2021. These amounts are net of deductions for extraction and processing costs paid to the Contractor. The Company has paid approximately RUB 69 million (approximately $0.91 million) in mineral extraction tax and may have to pay income taxes on this revenue stream. Orsu is planning to undertake a geochemical sampling survey covering approximately 5.5 square kilometres outside the area with NI 43-101 resource in the southeast of the Sergeevskoe licence area. Historical trenches and drill holes intercepted gold some 1.5 to 2 km west from the mineralized envelope. The mineralized envelope is also open to the north, with potentially permissive ground open for some 500 m across the strike. This provides an opportunity for significant expansion of the mineralized envelope. It is expected that the geochemical survey will generate new targets and help to better focus new drilling. The geochemical survey work is planned to start in June 2021.