Issue of Equity

Empyrean Energy PLC
26 April 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
267,619 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 35,306,290.


For further information

Laurence Read/ Angus Prentice                      
Conduit PR                             
Tel: [phone]        
Mob: [phone]

Imran Ahmad
HB Corporate
Tel: [phone]

Chris Lambert
Empyrean Energy plc
Tel: [phone]


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