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Message #20
From: NewsBot
Date: November 2, 2006 05:00:00 AM

EEGC News Announcement from Empire Energy Corporation International (''Empire'' or the ''Company'') and Its Subsidiaries, Associates and Investments (the ''Group'')

LENEXA, Kan.--(BUSINESS WIRE)--Empire Energy Corporation International (Empire) (OTCBB:EEGC) announces that our Registration Statement Form SB-2, which was filed on the 18th of September 2006, was declared effective by the Securities and Exchange Commission on the 29th of September 2006. The document, which took six months to prepare, details the current position of the businesses and investments of Empire. During the period while awaiting the approval, Empire has been embargoed from making any announcements. Copies of the filings can be found on Edgar or the Company’s website whose address is given below.

The Group has now established a new base from which to move forward. Initiatives are underway to provide additional working capital to the Company whilst its subsidiaries secure the finance for their own capital investment programmes.

Zeehan Zinc Ltd, in which the Company has an 11 per cent interest currently, owns significant zinc and lead ore mining concessions in Tasmania. Advised by Libertas Capital Corporate Finance Limited, good progress is being made toward a listing on the AIM market in the UK before the end of 2006. Pursuant to the listing, the company intends to raise up to AUD$18 million to provide the investment and working capital necessary to bring the mine into full scale commercial production by the second half of 2007. World prices for these metals are at or close to record highs and with a newly appointed professional management team in place, Zeehan Zinc is well placed to make a successful debut on the AIM market.

Separate financing for Empire’s wholly owned subsidiary Great South Land Minerals, Ltd, which has a 15,000 sq km exploration license for oil and gas in Tasmania, will be organised in the next few months to fund the drilling of several exploration wells. The company has recently shot 150 kilometres of new seismic and, after processing, the results appear highly promising. As a result, RPS Energy of Perth, Australia has been appointed to prepare a Competent Persons report on the prospects of the acreage as a prelude to the funding-raising activity.

Pacific Rim Foods, Ltd, a 48 percent associate of Empire, operates two canning factories in China. The company’s leased farms had a good harvest and it now has a positive cash flow. The strategy is to acquire or lease further canning factories and farms under a plan for sustained organic growth. A separate listing in 2007 on an appropriate stock market is being actively considered.

Empire’s interest in its Nano Key Ball Mill technology is planned to be developed through an association with a major industrial group who will be invited to assist with the development, manufacture and marketing of commercially viable products. A further announcement on the progress of the continuing discussions will be made in due course.

Empire is also addressing the resolution of a number of corporate finance issues with the objective of strengthening the balance sheet and eliminating as much as possible the current intra-group and connected persons indebtedness. Discussions are underway with relevant parties to agree terms for resolving these liabilities. When successfully accomplished this will be an important step in rationalising Empire’s financial position and preparing the way for a new round of working capital funding.

For and on Behalf of the Board

Malcolm Bendall President

Empire is traded on the OTCBB market in the USA under the symbol EEGC.OB.

Further information on Empire can be found at www.empireenergy.com.

Further information on Zeehan Zinc can be found at www.zeehanzinc.com.

This press release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Empire's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.

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