ERM Power Ltd. has requisitioned Empire Oil & Gas NL to call a meeting of shareholders to consider resolutions aimed at removing three of four members of the Empire Board and appointing two new directors. If the resolutions are approved, Craig Marshall, Neil Joyce and Jeffrey MacDonald will be removed as directors and two ERM Power non-executive directors - Tony Iannello and Brett Heading - will be appointed. There is no proposal to remove Dr. Bevan Warris as a director.

Under the proposal, the new Board is expected to be in place for three to six months. During this time, the Board will appoint a Chief Executive and two independent directors, one of whom will take over as Chairman. Mr. Iannello will remain as a non-executive director and Mr. Heading will resign.

Mr. Iannello will be the sole ERM Power representative.