emerging mining opportunities in turkish copper

INDUSTRIAL METALS, MINERALS & MINEABLE ENERGYINVESTMENT SUMMIT

IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 3 NOV 2011

www.ObjectiveCapitalConferences.com

Emerging mining opportunities in Turkish CopperDavid Cliff – Empire Mining

EPC: TSX-V

Empire Mining Corporation307 - 475 Howe Street

Vancouver, BC V6C 2B3CANADA

www.empireminingcorp.com

Emerging mining opportunities in Turkish Copper

November 2011

[email protected]

mailto:[email protected]

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DISCLAIMER

This presentation 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 the Company’s future plans respecting its mineral projects.

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 availability of qualified workers; risks associated with exploration projects; dependence on third parties for

services; non-performance by contractual counterparties; title risks; financial ability of the company to proceed as

planned; force majeure; 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; ability to procure equipment and

supplies; continued availability of licences; political stability; 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.

David Cliff is a Chartered Engineer and Member of the Institute of Materials, Metals and Mining and Fellow of the

Geological Society and is the Qualified Person under National Instrument 43-101 for the projects discussed in this

presentation, however the historic or other figures presented herein are not NI 43-101 compliant. A qualified

person has not done sufficient work to classify the historical estimates as current mineral resources or mineral

reserves, the Company is not treating the historical estimates as current mineral resources or mineral reserves as

defined by National Instrument 43-101, and the historical estimates should not be relied upon.

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‘AN EMERGING PRODUCER’

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MANAGEMENTDirectors and Officers

Robert Giustra – Chairman, Director

Engaged in creating, financing, developing and managing publicly traded companies since 1992;

Formerly an institutional sales broker with an international investment dealer;

President & CEO of Columbus Gold Corporation and Columbus Silver Corporation.

Michael Johnson – Director

Former Chairman of Glebe Mines Ltd., the principal fluorspar-barytes mining company in Western Europe;

Holds (or has held) advisory positions with professional institutes, national governments, international agencies and funding organizations, including the World Bank and the UN (Environment Program);

External advisor on environmental matters to several international mining companies, including Rio Tinto and New Boliden-Outokumpu.

David Cliff - President & CEO, Director

26 years with Rio Tinto Exploration :former Exploration Manager, Europe;

Involved in the discovery of three gold and one copper deposit;

Extensive experience in the evaluation of mineral projects and in the negotiation of all forms of mining industry agreements.

Nick Clarke – Director

Former Managing Director of Oriel resources which developed the Voskhod chromite mine, Kazakhstan. CEO of London based Central Asia Metals Ltd which has copper, gold and molybdenum assets in Kazakhstan

and Mongolia; also a non-executive director of AIM-listed Sunkar Resources plc and Obtala Resources plc. More than 40 years experience managing operations worldwide, including Anglogold Ashanti.

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MANAGEMENTManagement and Specialist Advisors

Professor Lirim Hoxha - Country Manager Albania Over 50 years experience in ore deposit geology in Albania; 30 years at a senior level;

Former Director Department of Ore Deposits & Metallogeny, Geological Research Institute;

Former Deputy Director of the Albanian Geological Survey;

Specialist in the interpretation of thrust tectonics applied to ore geology.

Yassen Khrischev – Exploration Vice-President

Exploration geologist with +15 years experience, especially within the SE Europe porphyry region;

International multi-commodity experience over 11 years with Rio Tinto;

Most recent experience with Newmont exploration for gold in Armenia.

Aydin Şen – Exploration Manager advanced projects

With Rio Tinto for 6 years in various roles including work in Turkey, Mali and Mozambique.

Recent exploration management experience in Turkey with 3S and Mediterranean Resources.

Damyan Hristov – Business Development Manager

With Rio Tinto for 15 years in various roles.

Recently Project Leader Ore Reserves and Compliance.

Previously project and business administration for Rio Tinto in Turkey, including work on the Çöpler gold deposit.

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TURKEY: BURSA Cu-Au-Mo EXPLORATIONLocation Map (Geo Center 1:800 000 scale map of Western Turkey)

• Easily accessed by road from Ankara via Eskişehir or from Istanbul via fast ferry to Yalova or Mudanya.

• Good infrastructure; power, water, educated and skilled labour. Mining’ tradition’.

• Upland forest area; 500-1700m elevation.

N

(Reproduced from the Geo Center 1:800 000 scale map of Western Turkey.)(Reproduced from the Geo Center 1:800 000 scale map of Western Turkey.)(Reproduced from the Geo Center 1:800 000 scale map of Western Turkey.)(Reproduced from the Geo Center 1:800 000 scale map of Western Turkey.)

Area of interest

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TURKEYKarapınar and Demirtepe copper projects

BURSA AGREEMENT WITH ANATOLIA MINERALS DEVELOPMENT (NOW ALACER GOLD):

Option for 65% interest Effective Date Sept. 17, 2007.

Annual conditions met; cash payment and transfer of Empire shares annually.

In year 5 -> $280,000 + shares to 5% of EPC (w/ above)

By end of year 5-> $7.5 million in expenditures + Technical Report

by end of year 6 (2013)- complete pre-feasibility study.

Expenditures to date -> $4,250 000(Oct 31 2011)

_____________________Agreed with ALACER: complete by 31/12/11 for 100% transfer to Empire in exchange for 19.9% of Empire Mining.

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BURSA DISTRICT: DEMIRTEPE AND KARAPINAR COPPERExploration and development stage title

Demirtepe

Karapınar

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KARAPINAR Drill Site KDH-006

Forested upland area, steep sided slope, enhanced grades above main water table based on partial secondary enrichment.

Granodiorite hosted porphyry into marble with potential for undiscovered skarns in addition.

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KARAPINARExploration history and key points

Karapınar Project

Exploration History Key Results Conclusions and OutcomesDrilled in 2003 by Rio Tinto Exploration. Five holes for 2096m.

Drillhole KDH 002 intersected 221m (from surface) at 0.36% Cu, 0.1g/t Au, 51ppm Mo and, from 273m after a dyke, 53m at 0.31% Cu and 152ppm Mo.

Mineralisation in marble-hosted granodiorite porphyry

Rio Tinto prioritised another Anatolia Minerals (Alacer) copper project in Turkey (Tunceli) and withdrew from the JV agreement in 2007. No further drilling.

Property optioned late 2007 by Empire Mining.

Empire drilled six holes for 1908m in 2008.

Indications of enhanced grades close to surface including 99.7m at 0.5%Cu. Mineralogy showed secondary copper minerals to be responsible for enhanced near-surface grades.

Primary grades confirmed at about 0.3% Cu

Further drilling deferred due to financial crisis. Empire focused on Albanian chromite.

Copper focus moved to Demirtepe field work.

Empire drilled a further seven holes in 2011 for 1380m.

Drilling led to secondary enrichment blanket beneath oxide copper with 60m at 0.9% Cu.

Combined oxide and enrichment zone at 0.63%Cu over 100m.

Discovery of leached potassically-altered porphyry east of previously drilled area.

IP survey helps confirm concept of major porphyry body partially concealed by marble roof pendant.

Enrichment zone is possible pointer to large tonnage, higher grade porphyry.

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KARAPINARPhase I Drill Results 2008: recognition of supergene overprint

Hole No. Total Depth(m)

From(m)

To(m)

Intercept(m) Cu (%) Mo (%) Au (g/t)

KDH-006 363.00 0.00 99.70 99.70 0.50 0.0071 0.10

138.70 227.00 88.30 0.23 0.0022 0.06

KDH-007 380.50 5.50 133.20 127.70 0.31 0.0133 0.11

363.00 380.50 17.50 0.49 0.0112 0.07

KDH-008 323.00 0.00 224.00 224.00 0.36 0.0110 0.08

Including 20.00 141.00 121.00 0.47 0.0153 0.12

Including 43.00 86.00 43.00 0.72 0.0114 0.18

Including 43.00 68.00 25.00 1.01 0.0118 0.21

Including 202.00 218.40 16.40 0.62 0.0056 NS

KDH-009 278.00 19.00 206.60 187.60 0.34 0.0110 NS

Including 75.00 113.60 38.60 0.57 0.0190 NS

Including 97.90 113.60 15.70 0.77 0.0333 NS

KDH-010 101.00 No Significant Results

KDH-011 155.50 0.00 155.50 155.60 0.25 0.0148 NS

Including 60.00 84.00 24.00 0.46 0.0314 NS

TOTAL 1601.00

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Drill hole KDH-006. Vuggy texture in Quartz, Pyrite, Chalcopyrite veinlet.

BURSA EAST: KARAPINAR Chalcopyrite Visible in KDH-006

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Drill hole KDH-008. Native Copper in Quartz vein at 29.5m

BURSA EAST: KARAPINAR Native Copper in KDH-008

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KARAPINAR2011 Drill results; identification of leach zone/chalcocite

Hole No Total Depth (m) From (m)To

(m)Intercept (m)

Cu (%)

Mo (%)

Au (g/t)

KDH-012 286.20 0.00 266.30 266.30 0.30 0.014 0.09

Including (chalcocite) 24.90 29.60 4.70 1.00 0.003 0.08

KDH-018 211.50 31.60 211.50 179.60 0.48 0.014 0.10

Including (oxide+ chalcocite) 31.60 139.60 108.00 0.63 0.010 0.11




KDH-013 250.30 0.00 150.60 150.60 0.26 0.002 0.09



KDH-014 100.00 9.90 21.80 11.90 0.19 0.005 0.05

KDH-015 86.10 20.00 51.70 31.70 0.42 0.004 0.13

KDH-016 134.50 0.00 134.50 134.50 0.30 - 0.10

KDH-017 208.50 No significant intercept (limestone). Needs to be deepened.

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KARAPINARPart of chalcocite zone in DHH-018

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KARAPINAR:Soil copper reflects porphyry but not leach/chalcocite area.

Zone of subdued soil copper and no outcrop interpreted as

leached porphyry

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KARAPINAR:Geology and drilling; expansion potential. The Pebble analogy

Interpreted roof pendant;

dolomitised area.

Expansion and higher grade potential. IP

done to check

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Cross Section722612E

KDH-01860m thick chalcocite enrichment

zone grading at 0.93% copper

0 250m

N

Interpreted roof pendant

KAPAPINAR: CHARGEABILITY AT 1000m ASLCopper in soils (>300ppm) and drill holes

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KARAPINAR:Chargeability profile and proposed drill test for primary Cu

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Cross Section722612E

KDH-01860m thick chalcocite enrichment

zone grading at 0.93% copper

0 250m

N

Interpreted roof pendant

KAPAPINAR: CHARGEABILITY AT 1000m ASLProposed drill holes; Phase 1 (black), Phase 2 (red)

Red stippling indicates potassic alteration

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KARAPINARAnticipated technical milestones and costs

Work Planned Milestones Cost ($)

Complete reinterpretation work • Exercise Alacer option

• End 2011

1 400 000

Drill 13 holes for 2660m

Initial process test work

Environmental baseline study

Option to drill a further 3200m

• Extend copper resource based on vectors; increased primary and extended secondary copper potential

• Process tests show good recovery characteristics

• EBS shows no environmental or community issues to date (mid-2012)

1 200 000

(+1 500 000based on more

drilling)

Order of Magnitude study Decision to proceed to feasibility study April 2013

Estimated $5-6M

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DEMIRTEPEDrill site DHT-003a

Wollastonite-garnet and copper-gold-silver-molybdenum skarn

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DEMIRTEPEExploration History 1 (2004-2008)

Demirtepe Project

Exploration History Key Results Conclusions and Outcomes

Identified in 2004 by Rio Tinto/Anatolia JV as it lay within Area of Interest.

Initial reconnaissance work showed a wollastonite skarn containing copper and gold mineralisation.

Rio Tinto awaited award of title.

September 2006 acquired by Anatolia on behalf of the JV at state licence auction.

No work done by Rio Tinto after the licence was acquired.

No follow-up by Rio Tinto, who drilled three RC holes on a nearby licence before withdrawing from the JV and Turkey in 2007.

Property optioned late 2007 by Empire Mining.

Soil geochemistry, rock sampling and geophysics carried out by Empire. Drilling commenced in November 2007.

Field work recommenced in 2010.

Soil and rock geochemistry confirm copper-gold-molybdenum soil anomaly over a 1000 by 1500m area with Cu ranging from 124 to 12050ppm and Au from 10ppb to 1.24g/t. Rocks from 0.28-1.06% Cu and higher values within the bornite-wollastonite skarn.

Work initially deferred in 2008 due to financial crisis. Empire focused on Albanian chromite until 2010.

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DEMIRTEPEExploration history 2 (2009-Present)

Demirtepe ProjectExploration History Key Results Conclusions and Outcomes

Initial drilling commenced November 2010 and completed in July 2011. 36 holes drilled for 8433m.

Baseline EBS commenced mid-2011.

Discovery hole DHT-001 intersected 47.35m at 2.02% Cu, 0.96g/t Au and 21.64g/t Ag including 8m at 9.1% Cu, 4.68g/t Au and 95.3g/t Ag.

Further drilling gives wollastonite-hosted copper and gold continuity over 350m of strike and in corridor 100m across and to a depth of 150m, termed the Main Zone. 21 of 27 holes in Main Zone are mineralised

Definition of Main Zone, which is cut by a low angle detachment fault at its base. Search commences for extensions to the southwest, based on drillhole observations.

Mineralisation is driven by as-yet unidentified porphyry intrusion.

Important and strategically-located wollastonite deposit outlined (Hellingwerf report).

Newly-identified Southwest Extension

Field work to the southwest reveals a continuous Cu-Au anomaly currently about 1.8 km long and up to 800 metres wide open to the southwest; with elevated copper levels in soils broadly coincident with elevated gold. Rock sampling results include 4.68% Cu, 5.58 g/t Au and 59.3 g/t Ag from wollastonite bearing boulders and 3.2% Cu in garnet skarn boulders

Southwest zone displays epithermal characteristics and is believed to be closer to the porphyry body, which does not appear to be exposed according to field mapping.

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DEMIRTEPEWollastonite at outcrop

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DEMIRTEPE WOLLASTONITE-GARNETA strategically-located source. A divestment opportunity.

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DEMIRTEPEInitial Soil Geochemistry – Copper

500m

North Zone

Main Zone

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DEMIRTEPE Soil Geochemistry - Gold

500m

North Zone

Main Zone

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DEMIRTEPEOld mine workings. Inset sample of wollastonite and bornite

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DEMIRTEPEIdentified mineralised zones, drilling and copper in spoils

DTH-00147.35m @ 2.02% Cu

and 0.96g/t Au

DTH-03418.40m @ 2.26% Cu

and 1.27g/t Au

DTH-00734.6m @ 1.79% Cu

and 0.75g/t Au

DTH-01823.6m @ 1.37% Cu

and 0.56g/t Au DTH-01215.1m @

0.22% Mo

DTH-002 [email protected]%

Zn

Slide dire

ction

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DEMIRTEPEType 1a/b) (best qualities) wollastonite in brown

0 100m

N

Demirtepe Main Zone Surface Projection of Wollastonite

with Sulphide Mineralisation Copper (green) / Gold (red)

Demirtepe Main Zone (and possibly N Zone) is detached by a basement fault.

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DEMIRTEPE MAIN ZONELongitudinal section with Type 1a/1b) wollastonite and Cu/Au

Average depth of basement fault

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DEMIRTEPEMineralisation styles. Mainly bornite and wollastonite

DTH-005 at 48.6m: 7.1% Cu, 2.49g/t Au, 105g/t Ag

DTH-005 at 107.4m: 6.6%Cu, 1.84g/t Au, 66g/t AgTypical wollastonite-bornite mineralisation

DTH-007 at 68.6m bornite, quartz-pyrite with 6.78g/t Au: epithermal overprint?

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DEMIRTEPEOld workings reflect mineralised zones

Workings on SW Extension (left) below the crest of the hill 1.2km from Main Zone. Considered to be the ‘hottest’ identified spot so far with epithermal mineralisation.

Main Zone (below) close to drillholes 1 and 3.

Demirtepe Targets

Northern Zone, Zn Anomaly

Main Zone, Cu/Au Anomaly

Southwest Zone, newly

identified area under

prospecting

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DEMIRTEPE:Newly-discovered SW Extension copper in soil

EPC: TSX-V



www.empireminingcorp.com

Demirtepe SW Zone Mineralisation

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DEMIRTEPE SW EXTENSIONOld workings, copper bearing quartz float in silica

Shattered and recrystallisedlimestone created by

hydrothermal processes

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DEMIRTEPE:SW Extension with IP lines

Mineralisation in previous pictures

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DEMIRTEPEWork plan and milestones against direct costs

Planned work, milestones and cost estimates

Work planned Plan Milestones Anticipated cost (US$) Update and audit database

for Main Zone. Continue sampling the SW

Extension. Complete IP/resistivity survey.

Convert licence 78161 to Operational status.

Create initial resource estimate for internal use, prior to obtaining a NI43-101 compliant resource estimate. Completion; mid-end October 2011. NI43-101 initial estimate, November 2011. Determine extension potential. Design drilling programme for Late November 2011.

Decide on options for carving out wollastonite and garnet.

Exercise Alacer option (project share including due diligence)

$550 000*

$775 000

Drilling; 6 holes for 1800 metres. Option (brackets) for additional deep porphyry holes: 4 holes for 2500 metres.

Initial process test work on main ore types.

Environmental base line study

Extend the secondary copper mineralisation; determine vectors for higher grade primary copper (gold and molybdenum). Completion, mid-March (depending on start date and snow conditions – alternatively, a start will have to be made in April 2012). Update NI43-101 compliant resource estimate. Identified upside for 1Mt contained Cu.

Process tests show good recovery characteristics.

EBS and social feedback positive. Decision to proceed to Order of Magnitude study. Mid 2012.

$862 000**(Optional follow-up in

event of deep porphyry mineralisation:

$625 000)

$40 000

$200 000

Order of Magnitude study Decision to proceed to feasibility April 2013 OoM costs to be determined, but likely to

be $5-6M

*Assumes Alacer management on-cost to end December 2011 and includes already-committed costs for Q4.**Assumes salaries and overheads for 6 months of 2012. No contingency.

www.EmpireMiningCorp.com



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emerging mining opportunities in turkish copper

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