EMPIRE RESOURCES LIMITED — Capital/Financing Update 2017

May 21, 2017

ASX Release

22 May 2017

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– UPDATE NEW W.A. GOLD MINE

Mining in full swing at Penny’s Find

Mining at WA’s newest gold mine is proceeding as planned at Empire Resources Limited’s (‘Empire’, ASX code: ERL) new Penny’s Find gold mine, 50km northeast of Kalgoorlie in Western Australia.

The Company announced today that the mine contractor has mobilised its equipment and is operating as per the planned scheduled mining rate.

Safety bunds and flood mitigation channels have been constructed around the key mine infrastructure on schedule.

All mining infrastructure including the fuel facility is in place for a rapid ramp up to full production.

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Initial mining and preparing the first bench at Penny’s Find Gold Mine

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Arrival of a second digger at Penny’s Find

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Self bunded fuel tank being installed at Penny’s Find

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Excavating and loading waste at Penny’s Find Project

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Initial waste dump at Penny’s Find Project

DAVID SARGEANT MANAGING DIRECTOR May 2017

For further information on the Company, Tel: +61 8 9361 3100 www.resourcesempire.com.au