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Empire Mining Corp
Symbol EPC
Shares Issued 63,134,977
Close 2012-05-25 C$ 0.07
Market Cap C$ 4,419,448
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Empire Mining wins suit against Albania METE re Bulqiza

2012-05-29 09:13 ET - News Release

Mr. David Cliff reports

EMPIRE PROVIDES UPDATE ON ALBANIAN CHROMITE PROJECT; LEGAL ACTION RESTORES EMPIRE'S RIGHTS, BUT ALBANIAN MINISTRY HAS APPEALED

Empire Mining Corp. has won a lawsuit against the Albanian Ministry of Economy, Trade and Energy (METE) respecting Empire's Bulqiza chromite project licences. As expected, METE has requested a hearing date for an appeal of this decision, which has been set for June 26, 2012.

Empire initiated this lawsuit over METE's administrative ruling of Oct. 31, 2011, that materially confined and restricted Empire's mining rights concerning the Bulqiza chromite project. Though the initial ruling granted Empire a one-year extension of its mining rights, it systematically removed regions with the most prospective value, including those containing significant historical resources of chromite. The Albanian court ruled in favour of Empire, concluding that the ruling violates applicable Albanian mining law and that Empire should have been granted the extension on the entire geographical area requested. Although Empire succeeded in the original court decision, METE has appealed to the Tirana Court of Appeal on this matter, and this appeal will be heard on June 26, 2012. METE has argued that the ruling is supported by provisions of new Albanian mining law, whereas Empire and the court of first instance hold that the term of Empire's mining rights are not governed by these legal changes.

While this matter remains under appeal, Empire's mining rights in Albania remain limited, and readers are cautioned that Empire may not be successful on appeal and that additional appeals by METE may be possible in certain circumstances. Additionally, it is uncertain when the Tirana Court of Appeal will deliver its judgment respecting the appeal. As a result, until this matter is completed, Empire's Albanian operations will remain on care and maintenance as originally announced on Nov. 7, 2011.

We seek Safe Harbor.

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