EMPIRE RESOURCES LIMITED — Capital/Financing Update 2007

May 1, 2007

ACN 092 471 513

2 May 2007

ASX ANNOUNCEMENT

Non-renounceable Entitlements Issue - Revised Timetable

Please note the record date for the non renounceable entitlements issue announced yesterday is 9 May 2007 and the closing date is to be 12 June 2007, and not 11 June 2007 as previously advised.

Dates are therefore as follows:-

Lodgement of Prospectus and Appendix 3B	1 May 2007
Notice sent to Shareholders containing information required by Appendix 3B	2 May 2007
Shares commence trading ex Entitlement basis	3 May 2007
Record Date for determining Entitlements	9 May 2007
Prospectus despatch date and Opening Date	14 May 2007
Closing Date of the Offer	12 June 2007
Deferred settlement trading commences	13 June 2007
Issue of Options & despatch of holding statements	19 June 2007

For further details, please contact:

David Sargeant – Managing Director	08-6250-9415
Adrian Jessup – Executive Director	08-6250-9414

PRINCIPAL AND REGISTERED OFFICE