EIL Empire Industries Ltd

Empire Industries Ltd. (TSX VENTURE:EIL) today reported its unaudited
consolidated financial results for the first quarter ended March 31, 2014. The
unaudited consolidated financial statements and MD&A have been filed on SEDAR
and can be viewed at www.sedar.com or at www.empind.com.


Summary of the First Quarter 2014 results



--  Revenues increased by $9.8 million, or 41% (to $33.6 million from $23.8
    million in first quarter 2013) 
--  Adjusted EBITDA increased by $0.8 million, or 55% (to $2.4 million from
    $1.5 million in first quarter 2013) 
--  Net Income increased by $0.1 million, or 12% (to $1.2 million from $1.1
    million in first quarter 2013).  
--  Net Income was $0.005 per share, the same as in first quarter 2013. 
--  Backlog of $123 million at March 31, 2013, up from $116 million at
    December 31, 2013; 

For the quarter and year ended March 31                                     
($ millions except share price and per share                                
 amounts)                                            Q1 2014         Q1 2013
----------------------------------------------------------------------------
Financial Results                                                           
  Revenue                                               33.6            23.8
  Adjusted EBITDA ($)(1)                                 2.4             1.5
  Net income from all operations                         1.2             1.0
----------------------------------------------------------------------------
Financial Position (at March 31)                                            
  Total assets                                          49.3            43.3
  Long-term debt (including current portion)             3.5             1.6
  Shareholders' equity                                  16.6             8.3
----------------------------------------------------------------------------
Per Share Information                                                       
  Income per share (Basic)                            $0.005          $0.005
  Income per share (Diluted)                          $0.005          $0.005
----------------------------------------------------------------------------
(1)   Adjusted earnings (loss) before interest, tax, depreciation and       
      amortization (Adjusted EBITDA) is not defined by IFRS. The definition 
      of Adjusted EBITDA does not take into account the Group's share of    
      profit of an associate investment, gains and losses on the disposal of
      assets, fair value changes in foreign currency forward contracts and  
      non-cash components of stock based compensation. While not IFRS       
      measures, Adjusted EBITDA is used by management, creditors, analysts, 
      investors and other financial stakeholders to assess the Group's      
      performance and management from a financial and operational           
      perspective.                                                          



"Our Media Based Attractions and Manufactured Products segments showed
significant improvement over the prior period's first quarter," said Guy Nelson,
Chief Executive Officer of Empire Industries Ltd. "Our Steel Fabrication segment
struggled again in the first quarter with a lack of revenue. However, I am
pleased to see that the Steel Fabrication segment was awarded a significant
volume of work during the first quarter of 2014, so we expect improved results
as this backlog is executed."


About Empire Industries Ltd.

Empire Industries Ltd. manufactures specialized engineered products and sells
these products domestically and in select international export markets. The
company has developed, designed and engineered products for the rapidly growing,
global, media based attractions market. The company also provides steel
fabrication & installation services, primarily to the industrial, commercial and
infrastructure market in Western Canada. The company also has two key strategic
equity partnerships; a 49% ownership of ACE Industrial Services that operates in
the oil sands industrial maintenance services market, and a 45% ownership of a
Chinese joint venture company in the steel fabrication market in Asia. Empire's
common shares are listed on the TSX Venture Exchange under the symbol EIL. 


For more information about the Company, visit www.empind.com.

Reader Advisory

This news release contains forward-looking statements, within the meaning of
applicable securities legislation, concerning Empire's business and affairs. In
certain cases, forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or variations of such words
and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". These forward
looking statements are based on current expectations, and are naturally subject
to uncertainty and changes in circumstances that may cause actual results to
differ materially. Readers are cautioned not to place undue reliance on such
forward-looking statements. Forward-looking information is provided as of the
date of this press release, and Empire assumes no obligation to update or revise
them to reflect new events or circumstances, except as may be required under
applicable securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Empire Industries Ltd.
Guy Nelson
Chief Executive Officer
(416) 366-7977
gnelson@empind.com


Empire Industries Ltd.
Allan Francis
Vice President - Corporate Affairs and Administration
(204) 589-9301
afrancis@empind.com
www.empind.com

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