Empire Resources

Holding 60% interest in Penny's Find near Kalgoorlie, a high grade gold deposit which has a JORC 2004 compliant resource estimated at 314,000 tonnes @ 5.2g/t Au. In September 2010 the Company entered into a sale agreement with Brimstone Resources Limited. Brimstone had the right to purchase the project for staged payments of $2.5 million plus a royalty, or earn a 75% interest by staged payments and expenditure. To date Brimstone has earned 40% equity in the Pennyís Find project and negotiations are in progress to sell the Companyís remaining 60% interest.

However Empire Resources flagship project, Yuinmery, is where their main focus lays, where the Company continues to explore for additional copper - gold resources as well as investigating the platinumñpalladium-nickel mineralization.

Yuinmery is located 475km northeast of Perth, the company holds a 100% interest in a central group of tenements which contain several occurrences of VMS mineralization including the Just Desserts prospect. The Company entered into an option agreement in 2010, to purchase an interest in adjoining tenements, held by La Mancha Resources Australia. This agreement increased the area of Empireís Yuinmery tenement holdings to 98square kilometres and positions it as a major landholder in the base metal rich Youanmi greenstone belt.