|February 04, 2011|
Empire Increases Private Placement
| ||Vancouver, B.C., February 4th, 2011. Empire Mining Corporation (EPC: TSX-V) ("Empire") is pleased to announce that it has increased the size of the non-brokered private placement announced February 3rd, 2011. Under the private placement, Empire will now sell up to 9,000,000 common shares at a price of $0.45 per share, for total gross proceeds of up to $4,050,000. The other terms of the private placement remain unchanged.|
ON BEHALF OF THE BOARD
Robert F. Giustra
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting Empire's proposed private placement. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to acquire necessary authorizations; the ability to locate qualified investors; the ability to identify and comply with applicable prospectus and registration exemptions in Canada and potentially other jurisdictions; the ability to obtain TSX Venture Exchange approval of the private placement and associated finders' fees; risks associated with exploration projects; dependence on third parties for services; non-performance by contractual counterparties; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the timing and receipt of required approvals; availability of financing; that Empire will be able to locate qualified investors for the private placement; that the private placement will be conducted in compliance with applicable prospectus and registration exemptions in Canada and elsewhere; that the TSX Venture Exchange will approve the aforementioned transactions; power prices; that general market conditions will continue; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.
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