EMPIRE RESOURCES LIMITED — Earnings Release 2018

Apr 23, 2018

ASX Release

24 April 2018

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ACN 092 471 513

HIGH GOLD GRADES FOURTH TREATMENT CAMPAIGN PENNY’S FIND GOLD MINE

Empire Resources Ltd (ASX code:ERL) on behalf of the Penny’s Find Joint Venture has commenced its fourth toll treatment campaign at the Lakewood Mill, Kalgoorlie-Boulder, WA.

The processing data ***** from the mill for six days processing to 20 April indicate:

• Average calculated head grade of 7.06g/t Au

• 11,258 dry tonnes processed

• 92.7% overall recovery

• 66.5% recovered by gravity

• 73 kilos of gold recovered

• Approximately 18,000 dry tonnes of ore remain to be processed

***** Subject to confirmation and final reconciliations

Yesterday four gravity gold bars were poured and over 57.5kg dore was despatched to Perth Mint for refining.

A final processing summary for the fourth treatment campaign will be issued to the market in May once Mint and mill reconciliations have been finalised.

DAVID SARGEANT MANAGING DIRECTOR

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