EMPIRE RESOURCES LIMITED — Capital/Financing Update 2016

Jun 19, 2016

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ACN 092 471 513

Monday 20 June, 2016

ASX Release

GRADE CONTROL DRILLING TO COMMENCE AT

PENNY’S FIND-GOLD PROJECT IN W.A.

Empire Resources Limited (ASX code: “ERL”) advises that grade control drilling at the Penny’s Find gold project located approximately 50 kilometres north east of Kalgoorlie in Western Australia, is scheduled to commence this week.

A total of 88 reverse circulation drill holes for approximately 2500 metres drilling is planned. Holes vary from 9 to 42 metres in length; averaging approximately 29 metres long.

This is the first of three grade control programmes scheduled in the planned 80 metre deep open pit.

This initial programme will define the position of the gold zone close to surface and increase the confidence in the early mining phase which scheduled to commence later this year. It is part of pre-development activities occurring prior to completion of project finance negotiations.

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

DAVID SARGEANT MANAGING DIRECTOR

Phone: +61 8 9361 3100

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Figure 1 –Location Penny’s Find deposit in Western Australia