Eurasian Minerals Options the Copper Springs Porphyry Project in Arizona to Anglo American

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2017) - Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX) (NYSE MKT:EMX) is pleased to announce the execution of an Option Agreement (the "Agreement"), through its wholly owned subsidiary Bronco Creek Exploration, Inc. ("BCE"), for the Copper Springs porphyry copper project (the "Project") with Anglo American Exploration (USA), Inc. ("Anglo American"). The Project is located approximately 120 kilometers east of Phoenix, Arizona within the Globe-Miami Mining District and represents one of three porphyry copper projects acquired in the district through EMX's generative efforts. The Copper Springs Project covers the majority of a newly recognized, southern porphyry copper trend. Please see attached map and www.eurasianminerals.com for more information.

Commercial Terms. (Note: all dollar amounts in USD) Pursuant to the Agreement, Anglo American can earn a 100% interest in the Project by (a) reimbursing BCE's 2016 holding and permitting costs and making annual option payments, together totaling $447,000, and (b) completing $5,000,000 in exploration expenditures before the fifth anniversary of the Agreement. Upon exercise of the option, Anglo American will pay EMX an additional $110,000 and EMX will retain a 2% NSR royalty on the Project. The royalty is not capped or purchasable, except over two parcels of Arizona State Land where Anglo American can buy a 0.5% NSR royalty from EMX for $2,000,000.

After exercise of the option, annual advance minimum payments ("AM Payments") of $100,000 are due, commencing on the first anniversary of the exercise of the option. The AM Payments will increase to $200,000 upon completion of a Scoping Study or Preliminary Economic Assessment ("PEA"). Anglo American may make a one-time payment of $3,500,000 to extinguish the obligation to make any post-Scoping Study AM payments. All AM Payments cease upon commencement of production from the Project.

In addition, Anglo American will make milestone payments consisting of:

• $500,000 upon completion of a Scoping Study or PEA;
• $1,000,000 upon completion of a Prefeasibility Study; and
• $2,000,000 upon completion of a Feasibility Study. The Feasibility Study payment will be credited against future royalty payments.

Anglo American will manage and operate the Project.