EMPIRE RESOURCES LIMITED — Investor Presentation 2011

Dec 8, 2011

Investor update – December 2011 Advanced exploration of copper-gold projects in WA

1

Disclaimer

This presentation is for information purposes only

Information necessary to fully evaluate any investment.

Information on Empire can be obtained from www.resourcesempire.com.au.

2

Highlights – “ERL”

3

About Empire

Capital Structure

==> picture [452 x 93] intentionally omitted <==

Directors Tom Revy

4

Current Activities

==> picture [300 x 305] intentionally omitted <==

5

Yuinmery Project Greenstone Belts

==> picture [365 x 385] intentionally omitted <==

6

Yuinmery Project Location – comparative projects

7

Yuinmery Project Location – comparative projects

==> picture [386 x 244] intentionally omitted <==

• –

• Golden Grove Project

• 65mt @ 2.0% Cu and 0.7g/t Au

• (Sandfire, 2011)

• Jaguar Project : (Leonora)

• Jaguar 0.8mt @ 4.2% Cu, 8.8%

• Zn (Jul 2010),

 Bentley 3.04mt @ 2.0% Cu, 9.8% Zn and 0.7g/t Au (Nov 2010), Teutonic Bore 1.55mt @ 1.6% Cu, and 2.5% Zn (Aug 2009)

• Quinns Project – 1.48mt @

1.02% Cu and 1.39% Zn

8

Yuinmery Project Comparison of resources

==> picture [386 x 244] intentionally omitted <==

 Just Deserts Resource

 1.07mt at 1.82% Cu and 0.8g/t Au

(1% Cu cut-off)

 A-Zone Resource: ?

• Golden Grove Project 65mt

@ 2.0% Cu and 0.7g/t Au (Sandfire, 2011)

 : Jaguar Project Jaguar 0.8mt @ 4.2% Cu, 8.8% Zn (Jul 2010), Bentley 3.04mt @ 2.0% Cu, 9.8% Zn and 0.7g/t Au (Nov 2010), Teutonic Bore 1.55mt @ 1.6% Cu, and 2.5% Zn (Aug 2009)

• Quinns Project – 1.48mt @

• 1.02% Cu, 1.39% Zn and

9

Yuinmery Project VMS deposit model

==> picture [556 x 395] intentionally omitted <==

10

Yuinmery Project Original copper-gold prospects

==> picture [570 x 401] intentionally omitted <==

11

Yuinmery Project Expanded tenure

==> picture [276 x 392] intentionally omitted <==

12

Just Desserts Prospect Existing JORC resource, long section

==> picture [584 x 404] intentionally omitted <==

13

Just Desserts Prospect Cross section

==> picture [572 x 402] intentionally omitted <==

14

Just Desserts Prospect

Study parameters

• Based on current JORC Mineral Resource

• Investigation options of

1. Small open cut to provide underground access AND

2. Larger open cut only

• Use of current metal prices, indicative metal recoveries, factors for dilution and ore loss, processing costs and mining costs for each option

The study was designed to identify targets from within and adjacent to the current JORC mineral resource with the potential to be extracted based on the study parameters. It does not imply that these are production scenarios at this time and accordingly should not be used as a basis for investment decisions about shares in the company. 15

Just Desserts Prospect

==> picture [653 x 344] intentionally omitted <==

----- Start of picture text -----

Schematic
----- End of picture text -----

16

Just Desserts Prospect

==> picture [614 x 311] intentionally omitted <==

----- Start of picture text -----

Schematic
----- End of picture text -----

17

Just Desserts Prospect

18

Just Desserts Prospect Option 2: Open Cut Only

==> picture [625 x 316] intentionally omitted <==

----- Start of picture text -----

Schematic
Drilling gaps
Drilling gaps
----- End of picture text -----

Just Desserts Prospect

Just Desserts Prospect

• Additional drilling required to: -

21

Just Desserts Prospect Expansion of resource below

==> picture [575 x 397] intentionally omitted <==

22

Just Desserts Prospect Trajan definition, ?open pit potential

==> picture [572 x 394] intentionally omitted <==

23

A Zone Prospect

==> picture [611 x 407] intentionally omitted <==

24

A Zone Prospect Initial Assessment

==> picture [626 x 391] intentionally omitted <==

25

A Zone Prospect Systematic Drilling

==> picture [569 x 403] intentionally omitted <==

26

A Zone Prospect Long Section and Deeper Drilling

==> picture [561 x 395] intentionally omitted <==

27

Yuinmery Project Comparative Study

==> picture [565 x 397] intentionally omitted <==

28

Yuinmery Project Other targets being tested

• Numerous prospects with large coincident geochemical, geophysical

• anomalies indicative of a highly fertile VMS system with sparse drill coverage

• Systematic RAB, RC and diamond drilling required

Examples

• C-Zone - 3.07m @ 3.09% Cu, and 0.2g/t Au and 0.44m @ 1.37% Cu, 0.18g/t Au

• B-zone - shallow drilling encountered 40m @ 0.50% Cu from surface and open (A-zone look-a-like)

• Augustus - 20.6m @ 0.32% Cu, 0.07g/t Au including 0.4m @ 3.44% Cu and 0.91g/t Au (A-zone look a like)

• Smith Well - 8m @ 1.4% Cu from a shallow RC drill hole in gossan

• Low grade wide platinum – palladium (Ni – Cu) at Constantine prospect

29

Yuinmery Project Anomaly Compilation

Drill Depth (m)

==> picture [569 x 382] intentionally omitted <==

Yuinmery Project No environmental or heritage issues

==> picture [565 x 401] intentionally omitted <==

31

Other assets

==> picture [300 x 305] intentionally omitted <==

32

Other assets

==> picture [300 x 305] intentionally omitted <==

33

Other assets

==> picture [300 x 305] intentionally omitted <==

34

Other assets

==> picture [300 x 305] intentionally omitted <==

35

Summary

• Large ground position

• Focused developer

• History of exploration success

• Right geological setting

• High grade copper and gold

• Growth through resources expansion

• Exploration upside on highly prospective targets: C-Zone,

• Initial mining studies commenced

36

Investment Case

Contact details:

38

Notes on the Yuinmery Resource

		Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total	Total	Total
Cut off	Weath	Tonnes	Cu%	Au g/t	Tonnes	Cu%	Au g/t	Tonnes	Cu%	Au g/t
0.5% Cu	Trans	14,000	1.23	0.50	150,000	1.29	0.27	164,000	1.29	0.29
	Fresh									0.58
		122,000	1.26	0.66	1,869,000	1.28	0.58	1,991,000	1.28
	Total	136,000	1.25	0.65	2,019,000	1.28	0.56	2,155,000	1.28	0.56
1.0% Cu	Trans	10,000	1.42	0.46	95,000	1.59	0.28	105,000	1.57	0.30
	Fresh	68,000	1.68	0.92	898,000	1.86	0.82	966,000	1.85	0.83
	Total	78,000	1.65	0.86	993,000	1.84	0.77	1,071,000	1.82	0.78
1.5% Cu	Trans	3,000	1.62	0.48	43,000	2.01	0.29	46,000	1.99	0.30
	Fresh	33,000	2.15	1.20	503,000	2.37	0.97	536,000	2.36	0.98
	Total	36,000	2.11	1.14	546,000	2.34	0.92	582,000	2.33	0.93

39

Notes on the Penny’s Find Resource

40