EMPIRE RESOURCES LIMITED — Capital/Financing Update 2011

Sep 11, 2011

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ACN 092 471 513

ASX/Media Release Monday September 12, 2011

High Grade Copper Intersected at Empire’s A Zone Prospect at Yuinmery Project, WA

A high grade seven metre wide copper intersection has been announced by Empire Resources Limited (ASX:”ERL”) at its A Zone prospect within the Company’s wholly owned Yuinmery copper-gold project, 80 kilometres southwest of Sandstone in Western Australia.

The copper mineralisation was identified in a recently completed Reverse Circulation (RC) drill hole (YRC11-26), part of an ongoing drilling program at the A Zone prospect.

Using a 0.5% copper cut, the intersection, part of a broader 25 metre zone, averages:

• 4m @ 4.68% copper, 0.5g/t gold from 194m with 7m @ 3.17% copper, 0.47 g/t gold from 192m down hole.

This copper mineralisation is contained within the upper horizon and forms part of a 25 metre wide zone of disseminated sulphide mineralisation in drill hole YRC11-26 from 173 metres down hole. True width is estimated to be at least 80% of the drill intersection.

A full set of analytical results is expected to be contained in the forthcoming September quarterly report.

The drill hole YRC11-26 was abandoned when the drill bit sheared off and could not be retrieved.

The hole finished in low grade disseminated mineralisation from 210 to 230 metres. It is planned to twin this hole with a diamond drill hole during the December quarter.

The A Zone prospect lies 1.3 km north of Empire’s flagship Just Desserts prospect where the Company has defined a JORC Indicated and Inferred resource of 1,070,000 tonnes at 1.82% copper and 0.78g/t gold.

Empire Managing Director, Mr David Sargeant:

“ This latest intersection of higher grade copper mineralisation confirms the potential of the A Zone prospect at Yuinmery. This is the deepest drill hole yet drilled into the mineralisation at less than 200 metres vertically below surface.

“Our previous announcement referred to drill hole YRC11-16 which intersected 5m @ 4.4% copper from 170m within 19m @ 1.85% copper from 160m down hole. That intersection is at a vertical interval of approximately 110 metres below the surface.

“An enhanced programme of drilling is planned at A Zone as well as testing a number of other promising geophysical targets in the project area.”

“This initial result is consistent with our view that A Zone is part of a significant mineralised system. This would be tested by deeper drilling in the area.

“The attractive intersections of 7m and 19m at good grade, together with the known mineralisation at Just Desserts, gives credence to our belief that the region has the potential to host a number of significant VMS mineralised zones.

“Many assays from other holes are still pending from this drilling program.

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

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

Notes on drill hole YRC11-26.

Collar position at northing 683840, easting 685700; drilled to azimuth 225 degrees, and inclined at 55 degrees. The hole was abandoned at a depth of 230 metres.

Northings and eastings are GDA94, MGA zone 50 coordinates.

Intersection is an arithmetic average calculated using a 0.5%Cu lower cut-off. No high cut has been applied. Maximum internal dilution of 1m @ <0.5%Cu.

Analyses were done on 1 metre split samples using a 40gm Fire Assay for gold and mixed acid digest/ICP-OES/MS for copper, zinc and silver.

YRC11-16 results have been previously reported.

• Analyses for this drill hole were done on a priority basis

The information in this report that relates to Exploration Results has been compiled by Mr. David Ross B.Sc(Hons), M.Sc. who is an employee of the Company. He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity to 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”. David Ross consents to the inclusion in the public release of the matters based on his information in the form and context in which it appears.

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Figure 1: Yuinmery Project location map

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Figure 2: Yuinmery Prospect Locations

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Figure 3: A Zone Long Section

Notes on the Yuinmery Just Desserts Resource

A resource estimate for the Just Desserts prospect at Yuinmery was completed and announced to the market on 9 April 2009. There has been no change in the resource since that time.

The mineral resource by category to a depth of 250m below surface is reported below. The resource comprises no oxide mineralization, only transitional and fresh.

Just Desserts Classified Mineral Resources – March 2009 Category Tonnes Grade Grade Grade* Cu% Au g/t Ag g/t 1%Cu cutoff** Indicated 104,000 1.65 0.86 1.32 Inferred 966,000 1.84 0.77 2.12 TOTAL 1,070,000 1.82 0.78 2.06 1.5%Cu cutoff Indicated 46,000 2.11 1.14 1.58 Inferred 536,000 2.34 0.92 2.68 TOTAL 582,000 2.33 0.93 2.61

*High assays have been cut to 9%Cu, 20g/tAu and 10g/tAg.

Resource modelling consultants Datageo calculated a JORC compliant in situ resource estimate, utilising all drill hole information available on Prospecting Licence P57/1215 up to the end of June 2008.

The resource grade was estimated using ordinary kriging based on the drill hole data composited down hole to 1m intervals within constraining shapes representing the mineralisation. Assumed specific gravity values used were:transitional 2.7t/m[3] ; fresh 3.2t/m[3] .