EMPIRE RESOURCES LIMITED — Capital/Financing Update 2008

Feb 5, 2008

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ACN 092 471 513

ASX Release

YUINMERY HIGH GRADE COPPER – GOLD MINERALIZATION RC DRILLING TO COMMENCE

Perth 6 February: Empire Resources Ltd (ASX:ERL) is a gold and copper-gold focused exploration company.

High grade copper-gold zones were intersected at the Yuinmery project and reported in the last quarterly report. Drill hole YRC07-05 intersected an aggregate of 37m @ 2.5%Cu, 3.13g/tAu from 80m . This intercept is thought to be drilled partly down dip.

The complete results from this drill hole reported in the quarterly report were

Hole No. Prospect Intersection

* YRC07-05 Just Desserts 37m @ 2.5%Cu, 3.13g/tAu from 80m ,

including 14m @ 2.63%Cu, 1.91g/tAu from 80m 8m @ 3.64%Cu, 1.13g/tAu from 97m 6m @ 3.79%Cu, 12.85g/tAu from 111m (*0.5%Cu cut-off, max. 2m internal dilution)

It is believed that this drill intercept is in the same mineralised body as previous gold intersections of 3.9 m @ 2.59 g/t gold from 80.3 m, and 0.48 m @ 40.3 g/t Au from 115.4 m in drill hole MYMD015, and 4.83 m @ 1.17 g/t gold from 153.5 m in drill hole MYMD018.

A reverse circulation drilling program totaling 2,000 metres is scheduled to commence within two weeks. This program will give a better understanding of this copper-gold mineralization, and in particular the gold distribution within it. The drill program will also target mineralization at other prospects.

The Yuinmery copper-gold project is situated 475 km northeast of Perth adjacent to the Sandstone road. This mineralization comprises volcanogenic massive sulphide (VMS) style, similar in nature to orebodies currently being mined at Golden Grove and Jaguar in Western Australia. It occurs as massive sulphides associated with chert exhalite horizons, as matrix sulphides in lapilli tuff, and associated with mafic and ultramafic intrusions.

Empire’s managing director, David Sargeant commented:

“ We are particularly encouraged by our ongoing work at Just Desserts where high grade gold mineralization accompanies the copper sulphides. The emphasis of the next drill program will be estimating the size potential of this prospect.

For further details please contact:

David Sargeant -- Managing Director Tel. 08 9361 3100 Adrian Jessup -- Executive Director Tel. 08 9361 3116

Website: www.resourcesempire.com.au

The information in this report that relates to exploration results is based on information compiled by Mr. David Sargeant, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Sargeant is a Director of the Company and he provides management services to the Company via Kirkdale Holdings Pty Ltd, a company of which he is an employee. Mr. Sargeant has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Sargeant consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.