July 22, 2010

EMPIRE CAPITAL CORP. (TSX-V: EPM.P) (the “Company”) wishes to announce that it has entered into an option agreement (the “Agreement”) dated July 20, 2010 to acquire a 100% undivided interest in the Otter mineral property (the “Otter Property”), located near Princeton, British Columbia, Canada, from Eastland Management Inc., an arm’s-length private company owned by Mr. Jim Rankin.

It is expected that this transaction will constitute the Company's Qualifying Transaction as defined by the policies of the TSX Venture Exchange.

The Otter Property lies in the Lower Cretaceous Spences Bridge Group, an andesitic volcanic arc belt of rocks, lying in south central British Columbia. The belt stretches from the north of Princeton to the west of Cache Creek with additional outliers continuing further north to Gang Ranch. The Spences Bridge Gold Belt has recently been recognized as a host for low sulphidation epithermal mineralization.

Initial exploration in 2006 was successful in identifying two key target areas on the present Otter Property: Grid B and Grid E. Grid B is an area of elevated gold-in-soil values with localized occurrences of auriferous quartz felsenmeer that contain up to 275 parts per billion gold (ppb Au). Grid E is a linear 800 metre gold-in-soil anomaly along a suspected regional lineament that was identified from air photos.

Commencing in 2008, additional exploration was conducted which consisted of tightening and expanding the two existing soil geochemistry grids from 50 metre samples spacings along 100 metre spaced lines to 25 metre sample spacings along 50 metre spaced lines and then expanding the length of both grids in 2009.

Grid B now covers an area 1000 metres long by 800 metres wide. Three northwest – southeast trending multi-element linear soil anomalies have been highlighted. All appear to be open in both directions and ranging in length from 750 to 900 metres and in width from 50 to 250 metres. As well, Linear Anomaly C trends through the area where anomalous quartz felsenmeer was previous located.

Grid E now covers an area measuring 1700 metres long by 1000 metres wide. A regional lineament that transects through the entire length of the grid, a distance of 1600 metres, has been identified. There is also a second 800 metre long linear that appears to be a north trending splay from the main linear anomaly approximately midway up the grid.

The width of the main linear anomaly ranges from 100 to 200 metres and the width of the  splay ranges from 25 to 200 metres. There are also indications of parallel linear anomalies on the eastern side of the grid, but they are not as pronounced as the main anomaly.

The 2008/2009 exploration programs on the Otter Property located strong multi-element soil anomalies on both of the grids.

The Agreement requires a payment of $10,000 to be made to the Vendor upon the receipt by the Company of a NI 43-101 compliant report on the Otter property, $15,000 and 150,000 common shares to be paid upon TSX approval of the proposed qualifying transaction, $10,000 and 200,000 shares on or before the first anniversary of TSX approval, $10,000 and 400,000 shares on or before the second anniversary of TSX approval and $10,000 and 500,000 shares on or before the third anniversary of TSX approval.

The Company is also required to complete exploration work on the Otter Property of $125,000 in the first year, a further $200,000 in the second year, a further $300,000 in the third year and a further $400,000 in the fourth year of the Agreement.

Due to the staggered payment schedule, there will be no requirement for shareholder approval of this transaction.

There will be no immediate management changes resulting from this transaction.

S. B. Butrenchuk, P.Geol., a Qualified Person (QP) as defined by National Instrument 43- 101, is responsible for the technical information contained in this News Release.

On behalf of the board

“Norman Eyolfson”
CEO

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Empire Capital Corp. which may cause actual results, performance or achievements to be materially different from the results, performance or expectation implied by these forward looking statements. Such uncertainties include the completion of the acquisitionof the Otter Property and the ability of Empire Capital Corp. to finance its participation and earn a resulting interest in the Otter Property.

Neither 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 press release, which has been prepared by management.

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