Empire Options High Yukon Gold Property With Historical High-Grade Drill Intercepts - Seite 2

The property was last worked in 1995 and 1996 by a Canadian junior exploration company whose exploration program included surface mapping, sampling and a three-hole 1,253 m drill program focused on the northeast margin of a late Cretaceous felsic intrusion. This is the only reported drill program over a number of highly prospective and anomalous intrusions.  The drilled intrusion is at the center of a 20 km wide circular cluster of nine exposed intrusions that are between 1 and 10 km long.

All of the holes reportedly intersected stockwork and sheeted quartz vein mineralization with arsenopyrite, pyrite, chalcopyrite and bismuthinite. All of the significant mineralization was found within the intrusion. Two holes were drilled to azimuth 45^o and one to Azimuth 225^o with dips of -45^o to -50^o degrees.  The holes are from three sites with collar elevations at 1800, 1750 and 1560 meters.

Empire can acquire an 80% interest in the Bikini Gold Project by making cash payments of $300,000, issuing a total of 3,500,000 million common shares over five years in five tranches - one million, five hundred common shares on TSX acceptance for filing of the option agreement with four 500,000 common share issuances before June 20 of each year to 2024 - and funding $1,500,000 in exploration and development over 5 years.  The Bikini Gold Project totals 18 quartz mineral claims and is subject to a net smelter returns royalty of 3.0%, of which 1.0% may be acquired for $1,000,000.  Empire is the Operator. The vendor is a B.C. Reporting Issuer.  The option agreement is subject to acceptance for filing by the TSX Venture Exchange.

This news release has been reviewed and approved for technical content by R. Allan Doherty, B.Sc., P.Geo (BC), an independent Qualified Person for the purpose of National Instrument 43-101. Mr. Doherty has reviewed the historical data disclosed herein from records of previous owners and operators of the property areas comprising the Bikini Gold Project. While the historical data are believed to be accurate and reliable, they have not been verified by Empire. Empire’s exploration programs will be designed in part to test the accuracy of the historical information.