Issue of Warrants

Empyrean Energy PLC
22 February 2007



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

                               Issue of Warrants
                               -----------------

AIM quoted Empyrean Energy PLC today announces that the Company has issued 
743,951 warrants to HB Corporate. The exercise price is 50 pence per warrant and 
they are valid for a period of 3 years from 20 February 2007.



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

Empyrean Energy plc
Tel : [phone]

Rod Venables/ Cecil Jordaan
HB Corporate
Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange