Eurasian Minerals Inc announce that Vale Exploration Canada Inc a subsidiary of Brazilian based Vale SA has elected the Copper Basin property as the second Designated Project under the terms of the Regional Acquisition Agreement with EMX's wholly owned subsidiary Bronco Creek Exploration Inc. Under the terms of the Agreement, Vale funds 100% of the yearly generative exploration expenditures in addition to reimbursing the Company the upfront acquisition costs of any Designated Project. As a Designated Project, Vale will fund future exploration on the Copper Basin property.

The advancement of the Copper Basin porphyry copper-molybdenum property to Designated Project status is another example of EMX's execution of the prospect generation business model. Copper Basin is a strategic asset acquired by EMX through the staking of open ground that is now under agreement with a strong partner. The Company and Vale are now planning an exploration program to explore and drill test priority targets. Please see the attached map and www.eurasianminerals.com for more information.

Copper Basin Designated Project Terms. As a Designated Project the Copper Basin project will be subject to the terms summarized below.

1. Vale will have an option to earn an initial 60% interest in the DP by spending USD 4,500,000 in exploration over a four year period. After the initial earn-in, Vale may earn an additional 15% interest

a). Sole funding exploration work at a minimum of USD 1,000,000 per year
b). Producing a feasibility study within seven years of exercising the initial option
c). Making a USD 500,000 cash payment to EMX within 30 days of delivery of a feasibility study.

2. Upon Vale's completion of the Additional Interest requirements

a). Each party will fund its share of further expenditures on a go-forward basis
b). EMX within five years, can elect to convert its participating interest to a 2.5% NSR and cash payments.

3. If Vale elects to not proceed with the Additional Interest option after the 60% earn-in, each party will then fund its share of further exploration expenditures on a go-forward basis. EMX has the right to convert its participating interest to a 2.5% NSR and three cash payments up until the third anniversary of joint funding.

4. If either party's participating interest is diluted below 15%, their interest will automatically be converted to a 2.5% NSR, of which the first 0.5% may be purchased by the other party for USD 2,500,000 within 18 months after the latter of
a). Conversion to a NSR
b). The completion of a feasibility study.

5. As an additional consideration, Vale will make a cash payment to EMX of USD 2,000,000 upon commencement of commercial production.