Empyrean Regulatory News (EME)

3rd March 2010

Empyrean Energy PLC

('Empyrean' or the 'Company', (EME))

Sugarloaf Project, Block B, onshore Texas, USA.

Empyrean Energy Plc is pleased to provide the market with the following update of operations on Block B at the Sugarloaf Project:

Morgan-1H well

Empyrean has been advised by the operator Hilcorp Energy that the second farm-in well within the Sugarloaf AMI, the Morgan-1H well, was spudded on Friday, 26 February 2010 (US CST).

The well is located approximately 5 km North West of the Easley-1H well. The well design includes a vertical pilot hole prior to drilling a horizontal section that will access both the Austin Chalk and Eagle Ford horizons following fracture stimulation.

Easley-1H well

As at 0730 hrs on 2 March 2010 (US CST) the operator was drilling ahead at a depth of 15,535 ft (MD) with approximately 2,800 ft of horizontal section now having been drilled within the reservoir. Elevated gas readings have been observed since penetrating the reservoir.

Kennedy-1H and Weston-1H wells

Both wells continue to produce to sales in line with expectation. Production tubing has yet to be installed in either well and further updates on production rates will be provided once this has occurred and stable rates have been established.

The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

Contact:

Tom Kelly Empyrean Energy Plc Tel: +618 93216988

Nominated Adviser and Broker:

Jerry Keen Astaire Securities Plc Tel: +44 (0) 20 7448 4400

Shane Gallwey Astaire Securities Plc Tel: +44 (0) 20 7448 4400