Empire Managing Director, Sean Richardson commented: 'The Yuinmery Project continues to deliver excellent exploration results.

PGE's have not historically been observed in such high concentrations west of the Smith Well Prospect, the presence of a broad zone of palladium and platinum metals at the YT01 Prospect reinforces the Company's view that the Yuinmery Project offers excellent opportunities for significant discoveries.

'The YT01 Prospect was identified in late 2019, its rapid progress from a geochemical target to advanced exploration prospect with drilling clearly demonstrates the potential for the multitude of remaining untested targets and prospects at Yuinmery. 'The Company will continue to advance its exploration efforts at Yuinmery and looks forward to providing regular updates as progress continues at this exciting Project.'

YUINMERY PROJECT

In June 2020 Empire completed seven reverse circulation (RC) holes for 1,001m at the Yuinmery Copper-Gold Project. The program tested the interpreted north-east plunging copper-nickel mineralisation at Smith Well, tested the extents of mineralisation in the south-western limb of Smith Well and demonstrated continuity of mineralisation at depth at YT01.

The results of the June RC drilling campaign were very encouraging. The drilling has continued to intercept copper-nickel mineralisation at depth and down plunge in the north-east of Smith Well. Drilling at YT01 encountered elevated PGE mineralisation in hole YRC20-28. The PGE mineralisation is located within a schist between a dolerite intrusion in the hangingwall and intermediate volcanic rocks in the footwall. The geometry of the intrusion and the location of mineralisation within the stratigraphic sequence suggests the mineralisation is located in the base of the intrusion.

YT01 Prospect

The 3.5km southern horizon was identified by the Company in late 2019 following an independent review of historical geochemical, geological mapping, drilling and geophysics datasets3 . Initial exploration consisted of aircore (AC) drilling in late 20194 with RC drilling in January and March 2020 targeting the most prospective areas. RC hole YRC20-28 was drilled in June 2020 to test for depth extension to the copper-gold mineralisation encountered in previously drilled YRC20-146 . The results from YRC20-28 are particularly encouraging with broad widths of Cu-Ni mineralisation and the presence of elevated Pd and Pt values encountered towards the bottom of the hole.

The 20m width of anomalous mineralisation averaging 0.39% Cu and 0.11% Ni from 143m is the first broad intercept observed outside the Smith Well area containing elevated nickel values associated with elevated copper. Of interest in YRC20-28 are the highly anomalous palladium and platinum values associated with the copper and nickel towards the end of the drill hole. The 12m downhole intercept in YRC20-28 averaged 0.34g/t Pd, 0.11g/t Pt, 0.38% Cu, 0.11% Ni & 0.02% Co from 151m. Palladium and platinum values of up to 0.53g/t Pd & 0.24g/t Pt were returned from 1m composite samples. The Company is currently re-assaying recent drilling to assist in understanding the geological setting of YT01 and its implications for mineralisation.

Smith Well Prospect

The Smith Well prospect is an historic copper-gold prospect with recently identified anomalous nickel in drilling. The prospect is interpreted to host two steeply dipping, parallel mineralised horizons. Copper intercepts of >1% Cu associated with elevated nickel (>0.2% Ni), low-level gold and cobalt values have been identified to occur in the upper horizon, while the second lower horizon is characterised by copper intercepts of >1% Cu associated with elevated gold >0.1g/t Au but low nickel values.

Smith Well is interpreted to lie within a broad stratigraphic horizon extending more than 5.5km from Smith Well in the east around to the Just Deserts deposit to the west. This stratigraphic horizon includes multiple prospects such as C-Zone and Claudius, where promising historical Cu-Au mineralisation has been identified. Smith Well's unique elevated nickel content is interpreted to be the result of fluids from a mafic intrusion interacting with the original coppergold mineralisation within the volcanics.

Drilling during 2020 has so far intercepted strongly sulphidic mineralisation containing chalcopyrite, pyrrhotite and pyrite in varying concentrations. Empire completed a further six RC holes at Smiths Well in June 2020. Four holes were drilled in the north-eastern limb testing the extent of the modelled May DHEM plate in the upper Cu-Ni horizon and two holes were drilled in the south-western limb testing both the upper Cu-Ni and lower Cu-Au horizons. Further exploration is required for a definitive assessment.

Contact:

Sean Richardson

Tel: +61 8 9386 4699

Web: www.resourcesempire.com.au

About Empire

Empire Resources Limited (ASX:ERL) is a gold and copper focussed exploration and development company. Empire owns 100% of two highly prospective projects. The Yuinmery Copper-Gold Project 470km North East of Perth in the base metal rich Youanmi greenstone belt and the Penny's Gold Project 45km North East of Kalgoorlie in the prolific Eastern Goldfields Region of Western Australia. Empire's projects have numerous exploration targets with excellent potential. Empire has an experienced team of exploration, development and financial professionals who are committed to developing a sustainable and profitable mineral business. Empire seeks to extract value from direct exploration in its existing projects as well as identifying value accretive investment opportunities that complement the Company's development objectives.

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