EMPIRE RESOURCES LIMITED — Capital/Financing Update 2007

Jul 24, 2007

==> picture [186 x 28] intentionally omitted <==

==> picture [186 x 27] intentionally omitted <==

==> picture [186 x 28] intentionally omitted <==

==> picture [186 x 27] intentionally omitted <==

ACN 092 471 513

25 July 2007

The Manager Companies Section Australian Stock Exchange Limited Level 10, 20 Bond Street Sydney NSW 2000

Dear Sir

Completion of Escrow Period

Empire Resources Limited (ASX code ERL) advises 114,942 shares will be released from ASX escrow conditions on 30 July 2007.

Yours faithfully

==> picture [75 x 75] intentionally omitted <==

Simon Storm Company Secretary

PRINCIPAL AND REGISTERED OFFICE

14/16 Twickenham Road Burswood WA 6100

Tel: +61 (0)8 6250-9415 Fax: +61 (0)8 6250-9449