Empire Resources Limited focuses principally on the identification of and exploration for gold
and copper deposits. Since listing in February 2007, the Company has made four significant
discoveries in Western Australia and announced JORC compliant resources for two of these
discoveries.

Following exploration success during 2007 and 2008, the Company announced a copper –
gold resource for the Just Desserts prospect at the Yuinmery project. This initial resource has
been estimated at 1,070,000 tonnes @ 1.82% Cu and 0.78 g/t Au at a 1 % Cu cutoff. Further
drilling at Yuinmery is expected to increase this resource.

Also at Yuinmery the Company recently discovered large widths of low grade platinum –
palladium – nickel mineralization at the Constantine prospect. Downhole intersections of up to
80m @ 0.49 g/t Pt+Pd and 0.22% Ni are associated with disseminated sulphide
mineralisation in at least two horizons of a major layered mafic-ultramafic intrusive complex.
At the Penny’s Find project near Kalgoorlie, the Company discovered a near surface high
grade gold deposit which has a JORC compliant resource estimated at 314,000 tonnes @
5.2 g/t Au. In September 2010 the Company entered into a sale agreement with Brimstone
Resources Limited, details of which are given in the Investments section.

In 2008 a discovery of high grade copper sulphide mineralisation was made at the Troy Creek
project, 180km northeast of Wiluna in Western Australia. The drill intersections consisted of
2m @ 4.65% Cu and 3m @ 1.97% Cu - forming part of a 36m intersection grading 0.76%
Cu. At the end of 2010 the Company joint ventured out the project to Zodiac Resources
Limited so as to concentrate its efforts on the Yuinmery project.

Empire’s emphasis on gold and copper exploration has been maintained because of
favourable commodity price outlooks and the relative ease of development of gold and copper
deposits. However where an obvious opportunity for another commodity presents itself, the
Company has moved quickly to acquire an interest. This philosophy resulted in the Company
acquiring the Yarlarweelor uranium project, which it then transferred to FYI Resources Limited
in return for a 32% equity investment stake in that company.

Empire is currently focused on two main projects in Western Australia, Yuinmery and Wynne.
At its flagship project, Yuinmery, the Company is aggressively exploring for additional coppergold
resources as well as investigating the recently discovered platinum–palladium-nickel
mineralization.

Wynne is a copper project where exploration is at an early stage. A series of base metal
gossans have been found over a five kilometre strike length in an area where there has been
no historical drilling. The Company plans to drill test the gossans in the near future.
It is the Company's policy to continue to identify new opportunities and acquire new projects
as well as upgrading existing projects. While the emphasis of this work will be on copper and
gold projects in Western Australia, opportunities for other commodities in other geographical
areas will also be investigated.