Empire Mining Corporation announced that it has entered into an agreement to acquire a 100% interest in the Bursa Project in Turkey where drilling by Empire has encountered significant grades and intervals of copper, gold, silver and molybdenum skarn mineralization including the discovery hole at the Bursa Demirtepe target which intersected 47.53 meters of 2.02% Copper, 0.96 gram per tonne Gold and 21.64 gram per tonne Silver including 8 meters of 9.1% Copper, 4.68 gram per tonne Gold and 95.3 gram per tonne Silver.

Empire has been earning 65% interest in the Bursa Project pursuant to an option agreement with Alacer Gold Corporation however the parties have now amended the agreement to allow Empire to terminate the Original Agreement and complete the purchase of an outright 100% interest in the project by making a cash payment of USD 1.5 million and by issuing such number of common shares equal to 19.9% of Empire's issued and outstanding share capital, less any Empire shares already owned by Alacer.

Provided that Alacer has an equity interest of at least 10% in Empire, it will also have the right to appoint a director to Empire's board at Annual General Meetings, and a pre emptive right to participate in any future equity financing of common shares of Empire to allow it to maintain its ownership interest as at the date announcing the offering.

The parties have agreed to use best efforts to complete the Purchase on or before September 30th 2011.

The Original Agreement was signed on September 17th 2007 and amended on October 11th 2007 and on February 13th 2009 and is between Anatolia Minerals Development Limited and Empire. Under the Original Agreement, Empire could earn a maximum interest of 65% over a 6 year period by:
1. Making cash payments totaling USD 520,000;
2. Issuing shares totaling 5% of Empire's post issuance fully diluted share capital as at the 5th anniversary of the agreement;
3. Making exploration expenditures totaling USD 7.5 million and
4. Completing a pre feasibility study.

Mr Robert Giustra chairman of Empire said that "The outright purchase of the Bursa project eliminates the requirement to complete a pre feasibly study in the limited time remaining pursuant to the option terms and allows Empire to focus its efforts on resource expansion. More importantly however, a single cash and share payment by Empire will now result in an immediate equity interest in the project of 100%. When considering that the option terms allowed Empire to earn only 65% in consideration of significant exploration expenditures, annual cash payments and a share payment component calculated on a fully diluted basis, it is very evident that the new deal is an exceptional accomplishment for Empire and its shareholders."