Empire Oil Refineries Corp. Announces Corporate Update and Potential Acquisitions

Arshad Shah, President and CEO of Empire Oil Refineries Corp. (OTC-PINK: EORZ), announces today on behalf of Board of Directors of the Company, that the company plans to complete its quarterly and annual financial Statements in the fiscal quarter and become current issuer at the OTCMarkets.

Empire Oil Refineries Corp is pursuing several potential acquisitions partners in the Natural Resources sector. The Company currently has entered into a preliminary “Letter of Intent” with private parties to further evaluate the merits of the asset and looks to announce its closing in the near term.

The Company intends to further expand its search for high value Natural Resources projects with a high probability of success for the Company and its Shareholders.

The Company reports that it has terminated all previous projected related LOI’s.

FORWARD-LOOKING STATEMENTS

The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.