Empire completed twenty-two aircore (AC) holes for 1,381m at the Penny's Gold Project located 45km from Kalgoorlie in Western Australia.

The program tested the strongly anomalous PF09 gold prospect previously identified during AC drilling in November 20191

PF09 Prospect

The PF09 prospect was identified in November 20191 where AC drilling of soil geochemical anomalism produced encouraging anomalous gold mineralisation. A broad zone of supergene mineralisation greater than 150m in width was outlined at the PF09 prospect and was considered to be open in all directions.

Drilling in September 2020 tested the lateral east-west limits of the mineralisation by extending the November 2019 drill line a further 100m to the east. The northern and southern extents were tested by drill fences located approximately 75m north and 50m south of the November 2019 drilling.

The September 2020 drilling extended the known mineralisation on section 6,626,850mN to a width of 250m. Drilling returned consistently strong gold anomalism from consecutive holes with peak gold results of 12m @ 0.80g/t Au from 40m, including 4m @ 1.78g/t Au from 48m in hole PAC20-02.

Drilling on section 6,626,800mN returned 22m @ 0.45g/t Au from 36m to end of hole (EOH), including 4m @ 0.74g/t Au from 44m in hole PAC20-17. PAC20-17 ended in relatively fresh mafic volcanics where the gold mineralisation is accompanied by anomalous arsenic values. Broad zones of anomalous arsenic up to 2,065ppm As were also encountered with surrounding discrete gold mineralisation. The arsenic zones are significant as proximal deposits Penny's Find and Garibaldi are reported to show strong correlation of gold with arsenic values.

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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