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November 27, 2007
Dominion Minerals Corp. Announces a C$4,000,000 Private Placement

NEW YORK, Nov. 27 /PRNewswire-FirstCall/ -- Dominion Minerals Corp., (OTC: EMPL), formally known as Empire Minerals Corp. "Dominion Minerals" or "the Company"), has entered into an agreement with a Canadian investment dealer to conduct a brokered private placement of 4,000,000 Subscription Receipts for aggregate gross proceeds of C$4,000,000. Each Subscription Receipt will be priced at C$1.00 and will consist of one common share and one-half of one common share purchase warrant (each whole warrant a "Warrant") of the Company. Each Warrant shall be convertible into one common share at a price of C$1.25 for a period of twenty-four (24) months from the closing date.

The Company has given the Agents a greenshoe option to increase the offering by C$3,000,000 prior to closing on the same terms. Dominion has agreed to file a prospectus within 45 days of closing to clear the securities underlying those issued under the offering.

The Agents will receive a cash commission of 7.0% from the sale of the Subscription Receipts, payable in cash or securities and compensation options entitling the Agents to purchase Subscription Receipts equal to 10.0% of the number of Subscription Receipts sold under the offering. In addition, the Company has agreed to pay a corporate finance fee in the amount of C$50,000.

The net proceeds of the offering will be used to fund exploration and development of the Cerro Chorcha Porphyry Copper Deposit in Panama, as well as for working capital and general corporate purposes.

The Subscription Receipts will not be registered in the United States under the Securities Act or any state securities laws, or distributed under a prospectus in Canada and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the prospectus requirements of applicable Canadian securities laws.

This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy the securities. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Forward-Looking Statement Disclaimer

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address continuing to Canada, exchange listing application, additional financing, seeking and acquiring new projects and gaining recognition are forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the market price of gold, general economic conditions, market and business conditions, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to the Company's plans at its mineral properties, the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal recoveries, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis, the effect of hedging activities, including margin limits and margin calls, regulatory restrictions, including environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees. Further, there is no assurance that the Company's application to list on the TSX Venture Exchange will be accepted by the TSX Venture Exchange.

Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. In addition, the Company's business and operations are subject to the risks set forth in the Company's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. The Company assumes no obligation to update the forward-looking statements.

About Dominion Minerals Corp.

Dominion Minerals Corp. is a United States based copper and gold exploration and development company focused primarily on its Cerro Chorcha Porphyry Copper Project located in Panama and its gold and copper/gold ventures in China. Empire incorporated in Delaware on January 22, 2007 and trading began February 19, 2007 on the OTC - Pink Sheets under the symbol EMPL. The company anticipates graduating from the Pink Sheets onto the OTC Bulletin Board in early 2008. Empire has also filed a listing application to allow it to trade on the TSX.V. For more information please visit http://www.dominionminerals.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.

 

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