EMPIRE RESOURCES LIMITED — Capital/Financing Update 2008

May 18, 2008

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ACN 092 471 513

ASX Release

Monday 19 May, 2008

Empire Completes 100% Acquisition of Yuinmery Project On the Back of Significant Drilling Results

Empire Resources Ltd (ASX “ERL”) as the Perth-based explorer completes its second such acquisition in as many weeks for a consideration of $150,000 to private investor, Meekal Pty Ltd, to purchase up the remaining 10% that it did not own of the Yuinmery copper-gold project, 85 kilometres southwest of Sandstone in Western Australia.

Empire commenced 2008 with a 75% stake in Yuinmery but moved quickly to a 90% interest under a growth strategy which earlier this month also saw the Company fully acquire 100% ownership of the high grade Penny’s Find gold project near Kalgoorlie.

The latest acquisition covers all five tenements within Yuinmery project and over which Empire currently has a resource drilling program underway.

This campaign of 2,500 metres of Reverse Circulation drilling is centred primarily around the highly promising Just Desserts prospect.

Recent drilling included assay results of 6m@ 7.42% Cu and 3.01g/tAu from 85 metres depth.

The Company’s objective is to achieve sufficient drill data to enable the estimate of an initial JORCstandard resource for Yuinmery.

For further information on the Company visit www.resourcesempire.com.au

DAVID SARGEANT MANAGING DIRECTOR May 2008

David Sargeant – Managing Director Phone: +61 8 9361 3100 Adrian Jessup – Executive Director Phone: +61 8 9361 3100