Exercise of Warrants

Empyrean Energy PLC
27 November 2006


                              Empyrean Energy PLC
                  ('Empyrean' or the 'Company'; Ticker: (EME))

                              Exercise of Warrants
                              --------------------

AIM quoted Empyrean Energy PLC today announces that it has issued and allotted
4,762 new ordinary shares of 0.02p each, at a price of 35 pence per share,
pursuant to an exercise of warrants. Application will be made for these shares
to be admitted to trading on AIM. The shares will rank pari passu with the
existing ordinary shares of 0.02p each in the Company.

The total number of ordinary shares in issue following this exercise of warrants
is 35,311,052.


For further information

Laurence Read/ Ed Portman
Conduit PR                                                                    
Tel: [phone]/                                             
[phone]        

Empyrean Energy plc
Tel : [phone]

Imran Ahmad/ Cecil Jordaan
HB-Corporate
Tel: [phone]




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