Eurasian Minerals Options Aguila de Cobre Copper Project to Kennecott Exploration Company

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - (TSX VENTURE:EMX)(NYSE MKT:EMXX) -- Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the signing of an Exploration and Option to Purchase Agreement (the "Agreement"), through its wholly owned subsidiary Bronco Creek Exploration, for the Aguila de Cobre porphyry copper project (the "Project") with Kennecott Exploration Company ("Kennecott"), part of the Rio Tinto Group. The Project is located approximately 120 kilometers west of Phoenix, Arizona in a relatively un-explored region of the Arizona porphyry copper belt. Please see www.eurasianminerals.com for more information.

Commercial Terms Overview. Pursuant to the Agreement, Kennecott can earn a 100% interest in the Project by making cash payments and performing exploration as follows (all amounts are USD):

Cash Payments:

• $25,000 upon execution of the Agreement (firm commitment);
• $25,000 on the first and second anniversaries of the Agreement;
• $50,000 on the third anniversary of the Agreement;
• $100,000 upon exercise of the Option.

Exploration:

• Completing $250,000 of exploration expenditures (or paying the Company that amount) by the first anniversary of the Agreement (firm commitment);
• Completing an additional $3,750,000 of exploration expenditures (or paying the Company that amount) by the third anniversary of the Agreement;

Upon exercise of the option EMX will retain a 2% NSR royalty on the property. The EMX royalty is not capped and not subject to buy-down. The Agreement contains a one-mile area of interest provision.

After exercise of the option, annual advanced minimum royalty ("AMR") payments are due starting at $50,000 and commencing on the first anniversary of the exercise of the option. The AMR payments will increase to $100,000 upon completion of an Order of Magnitude Study ("OMS") or Preliminary Economic Assessment ("PEA") after which Kennecott may make a one-time payment of $2,500,000 to extinguish the obligation to make future AMR payments. In addition, if not previously extinguished, total AMR payments after the OMS or PEA milestone payment are capped at $2,500,000, and all AMR payments cease upon production from the properties.