ACN 092 471 513

Monday 22 April, 2013 Media release

EMPIRE RECEIVES $498,000 BOOST

The work of Perth based copper-gold explorer, Empire Resources Limited, to identify and open up a copper-gold footprint north of Kalgoorlie in Western Australia has been recognised with a significant Federal Government research and development tax offset payment.
Empire (ASX: "ERL") announced today it has received a R&D Tax offset payment totalling $498,631 for the metallurgical and processing techniques used by the Company to evaluate and advance the promising high grade A Zone deposit at its wholly owned Yuinmery copper-gold project.
Tax offset payments, called R&D Tax Incentives, are awarded and managed by the Australian Government entity AusIndustry and the Australian Taxation Office.
The Company is currently working towards producing a maiden JORC resource for the A Zone deposit where high grade copper - gold mineralisation remains open at depth.
Empire has already identified an Indicated and Inferred resource of 1.07 million tonnes at 1.8% copper and
0.8g/t gold at the Just Desserts deposit directly south of A Zone.
"The tax offset payment is in part, an independent validation of our confidence that Yuinmery and the pool of outstanding prospects within it has excellent potential to emerge as a copper-gold mining operation based on modern day science and the use of discovery tools able to compliment such science," Empire's Managing Director, Mr David Sargeant, said today.
"The scale of the payment is also such that it provides a substantial financial injection into Empire, rewarding shareholders' faith in our copper-gold growth strategies while minimising any need for share dilution in the current very difficult capital raising environment facing junior and mid tier explorers and miners," Mr Sargeant said.
"Increasing JORC resources as Yuinmery progresses toward development, is a priority for Empire, as the additional targets we have generated are in areas of the project that have had no previous drilling or sampling.
"This widening extension of our potential resource base will have significant impact on the size and
economics of Yuinmery."

DAVID SARGEANT MANAGING DIRECTOR

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

David Sargeant - Managing Director Phone: +61 8 9361 3100

Adrian Jessup - Executive Director Phone: +61 8 9361 3100

The information in this report that relates to Exploration Results has been compiled by Mr David Ross B.Sc(Hons), M.Sc, who is an employee of the Company. He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". David Ross consents to the inclusion in the public release of the matters based on his information in the form and context in which it appears.

Mineral Resource Estimates

The information is this report concerning the Mineral Resources for the Penny's Find Deposit and the Just Desserts Deposit at Yuinmery have been estimated by Mr Peter Ball B.Sc who is a director of DataGeo Geological Consultants and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Ball has sufficient experience which is relevant to the styles of mineralization and types of deposit under consideration and qualifies as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Ball consents to the inclusion in the public release of the matters based on his information in the form and context in which it appears.

Notes on the Yuinmery Resource

A resource estimate for the Just Desserts prospect at Yuinmery was completed and announced to the market on 9 April 2009. There has been no change in the resource since that time.

The mineral resource by category to a depth of 250m below surface is reported below. The resource comprises no oxide mineralization, only transitional and fresh.

Just Desserts Classified Mineral Resources - March 2009

Category Tonnes Grade* Grade* Grade*

Cu% Au g/t Ag g/t

0.5%Cu cutoff Indicated 184,000 1.11 0.54 0.8

Inferred 2,159,000 1.24 0.54 1.7

TOTAL 2,343,000 1.23 0.54 1.6

1%Cu cutoff Indicated 104,000 1.65 0.86 1.3

Inferred 966,000 1.84 0.77 2.1

TOTAL 1,070,000 1.82 0.78 2.1

1.5%Cu cutoff Indicated 46,000 2.11 1.14 1.6

Inferred 536,000 2.34 0.92 2.7

TOTAL 582,000 2.33 0.93 2.6

*High assays have been cut to 9%Cu, 20g/tAu and 10g/tAg.

Resource modelling consultants Datageo calculated a JORC compliant in situ resource estimate, utilising all drill hole information available on Prospecting Licence P57/1215 up to the end of June 2008.

The resource grade was estimated using ordinary kriging based on the drill hole data composited down hole to 1m intervals within constraining shapes representing the mineralization. Assumed specific gravity values used were:- transitional 2.7t/m3; fresh

3.2t/m3.

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