EMPIRE RESOURCES LIMITED — Capital/Financing Update 2012

Dec 11, 2012

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----- Start of picture text ----- ACN 092 471 513----- End of picture text -----

12 December 2012

ASX Release

EMPIRE ADDS TO LAND HOLDING

IN W.A. GOLD PROVINCE, EAST OF LAVERTON

Interest in tenements over a key structural position in contact with the edge of a large granite intrusive in the newly discovered Point Kidman gold domain, 40 kilometres east of Laverton in Western Australia, has been announced by Perth copper-gold explorer, Empire Resources Limited (ASX: “ERL”)

It follows acquisitions by Empire in Point Kidman in October and November this year and pushes its total exploration footprint there to around 800 km².

Strategically, the two latest tenement additions are over an area surrounded by Empire’s previous project acquisitions and now give the Company not only a majority interest in the new gold area but a continuous uninterrupted tenement corridor.

The Company has the right to earn up to an 80% interest in E38/2137 and E38/2701 by partially reimbursing past expenditure and funding all future exploration costs for gold and base metals.

The two latest tenement acquisitions specifically cover the area where the major fault zone comes into contact with the edge of the large granite intrusive.

Empire Resources Managing Director, Mr David Sargeant:

“Point Kidman is a structurally favourable site for hosting large gold deposits, a style similar to the Laverton Belt’s Granny Smith gold mine, a large gold deposit partially located within granite, 50 km to the southwest of Point Kidman. By securing this final package, we now have total control over the project’s most prospective offerings and that will help optimise more detailed survey and sampling work ahead of drilling scheduling.”

Recent structural studies over the region following the discovery of abundant surface gold nuggets spread along a 2.5 km long zone. These nuggets overlie quartz vein stockwork zones in granite associated with a major regional fault structure.

The Laverton region has produced in excess of 28 million ounces of gold since the 1890’s including world-class gold discoveries such as the Sunrise Dam, Granny Smith and Wallaby mines.

This total is being added to by the newly established Garden Well and Moolart Well mines to the north of Point Kidman.

Empire is currently acquiring detailed aeromagnetic data for a structural study to be undertaken over the New Year on its Point Kidman tenements prior to planning an initial drilling schedule.

DAVID SARGEANT MANAGING DIRECTOR

December 2012

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

• Empire Resources Ltd has the right to earn an 80% interest in E38/2137 and E38/2701 for gold and base metals only. Under an agreement covering other tenements in the Point Kidman project, the holders of those other tenements have a right to 20% of any interest Empire acquires in tenements within a 10 km radius. Thus Empire’s direct interest in E38/2137 and E38/2701 would be 64%.

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Figure 1

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Figure 2 : Geological map and tenement outline

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Figure 3 : Point Kidman tenements overlaid on regional magnetics