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     443  0 Kommentare Eurasian Minerals Executes Definitive Agreement for the Neavesville Gold-Silver Project, New Zealand

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2014) - (TSX VENTURE:EMX)(NYSE MKT:EMXX) - Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the execution of a definitive agreement with Land & Mineral Limited ("L&M"), a privately-held Australian company, giving L&M the right to acquire Hauraki Gold Ltd. ("Hauraki"), the wholly-owned EMX subsidiary that controls the Neavesville gold-silver property (the "Property") located in the Hauraki goldfield of New Zealand's North Island. Hauraki has also entered into a Joint Venture Agreement and Access Agreement with the Pakirarahi 1B Trust, who control surface rights across a majority of the project area.

    Commercial Terms Overview. The agreement with L&M provides for staged payments and work obligations as summarized below:

    1. Reimbursement of C$100,000 of EMX's exploration costs (required);
    1. Payment of 75 troy ounces of gold(1) by the second anniversary of the agreement date;
    1. Payment of 600 troy ounces of gold(1) within 30 days of the third anniversary of the agreement date;
    1. A total of 3,000 meters of drilling during the first three years after the agreement date;
    1. Further payments ("Further Payments") at the rate of 100 troy ounces of gold(1) per annum beginning with the third anniversary of the agreement until commencement of commercial production, which payments may be credited against the Deferred Consideration as set forth below;
    1. Agreement to pay amounts ("Deferred Consideration") equivalent to 3% of net smelter returns from production from the exploration licenses; in any given year, Further Payments made prior to production may be credited against up to 80% of the Deferred Consideration payable in that year;
    1. Beginning with a decision to construct a mine based on a JORC (2012) feasibility level Technical Report that supports a positive production decision, payment of 0.01 troy ounce of gold for each of the first 500,000 ounces of contained gold in proven and probable (P&P) reserves(1). For any contained ounces of gold in P&P reserves that exceed 500,000 ounces over the life of the project, the gold payment to EMX will be reduced to 0.005 troy ounces of gold per contained ounce.
    (1) Gold payments may also be made in equivalent US dollars at the then spot price of gold - the mode of payment to be at L&M's election.

    Failure to make the gold payments described in 2) and 3) above or to perform the drilling described in 3) above will entitle EMX to retake possession of Hauraki or the permit covering the Property, at EMX's option.

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    Eurasian Minerals Executes Definitive Agreement for the Neavesville Gold-Silver Project, New Zealand VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2014) - (TSX VENTURE:EMX)(NYSE MKT:EMXX) - Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the execution of a definitive agreement with Land & Mineral Limited ("L&M"), a …