Mots clés associés : Canada |

August 14, 2008

Empire Mining Announces Closing of Private Placement; Sprott and Passport Become Shareholders

Vancouver, British Columbia, Canada. August 14, 2008. Empire Mining Corporation (EPC: TSX-V) ("Empire" or the "Company") is pleased to announce that it has closed its private placement previously announced on June 27, 2008. The Company has raised $2,079,999 through the issuance of 6,933,332 units at a price of $0.30 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.38 per share for a period of eighteen months expiring February 6, 2010.

The majority of the units in the private placement were subscribed for by Sprott Asset Management Inc., and Passport Materials Master Fund, LP.

Integral Wealth Securities Limited (the "Finder") received a cash commission of $166,399, being 8% of the gross proceeds raised and 554,666 Finder's warrants entitling it to acquire common shares at a price of $0.38 until February 6, 2010. All securities issued are subject to a four month hold period expiring December 7, 2008.

The proceeds of the private placement will be used for exploration and development of the Company's Bulqiza chromite project in Albania.

ON BEHALF OF THE BOARD,

Robert F. Giustra,
Director

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this news release.

For more information contact:

Ray Lagace
Investor Relations
604-638-34741-866-689-2599
info@empireminingcorp.com

For more information on Empire Mining go to: www.empireminingcorp.com

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Empire Mining Corporation

	EXPLORATEUR
	CODE : EPC.V
	ISIN : CA19890A1003

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Empire Mining est une société d’exploration minière basée au Canada.

Empire Mining détient divers projets d'exploration au Serbia and montenegro, en Serbie et en Turquie.

Ses principaux projets en exploration sont BULQIZA en Albanie, NEVLJE au Serbia and montenegro, POVLEN en Serbie et BURSA en Turquie.

Empire Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 13,5 millions CA$ (12,6 millions US$, 9,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 21 janvier 2011 à 0,72 CA$, et son plus bas niveau récent le 17 mai 2013 à 0,04 CA$.

Empire Mining possède 93 348 000 actions en circulation.

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