Eurasian Minerals Announces Option Agreement to Sell the Trab-23 Project, Northeast Turkey

Eurasian Minerals Announces Option Agreement to Sell the Trab-23 Project, 
Northeast Turkey 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/27/13 -- Eurasian
Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE
MKT:EMXX) is pleased to announce that the Company's wholly-owned
subsidiary, Eurasia Madencilik Ltd. Sti. ("EMX Turkey"), has executed
a definitive agreement with Tumad Madencilik Sanayi ve Ticaret A.S.
("Tumad"), a private Turkish company, giving Tumad an option to
acquire the Company's Trab-23 gold (copper-molybdenum) porphyry
project in northeast Turkey. The agreement with Tumad consists of:
in-ground spending requirements to further develop the asset's value;
a revenue stream of annual earn-in and pre-production payments; and a
revenue stream based upon production.  
Overview of Commercial Terms. The Trab-23 agreement provides for an
upfront transfer of two EMX Licenses to Tumad, conditioned upon the
approval by the General Directorate of Mining Affairs of the Ministry
of Energy and Natural Resources (MIGEM), on or before February 1,
2014, to combine the two Licenses into a single exploitation license
(the "Combined License"). Tumad has the option to retain ownership of
the Combined License upon making certain staged payments and
performing certain work obligations as summarized below (all dollar
amounts in USD): 


 
--  Payment of $15,000 upon signing of the definitive agreement; 
--  Payment of $15,000 upon approval by MIGEM of the license combination and
    transfer of the Combined License to Tumad; 
--  Drilling of 1,500 meters by the first anniversary of the date of
    transfer of the Combined License (the "Transfer Date") to Tumad; 
--  Payment of $130,000 on the second anniversary of the Transfer Date; 
--  Drilling of an additional 2,000 meters by the second anniversary of the
    Transfer Date; 
--  Payment of $250,000 on the third anniversary of the Transfer Date; and 
--  Drilling of an additional 2,500 meters by third anniversary of the
    Transfer Date.

 
Upon payment and performance of the Option Consideration, Tumad may
elect to retain the Combined License, and after such election, Tumad
shall pay annual minimum royalties of $100,000 commencing upon the
first anniversary of exercising the option. Upon production from the
Licenses, Tumad will pay EMX Turkey a 3% net smelter return royalty
from production (the "NSR Royalty"). The annual minimum royalties
will be credited to 80% of the NSR Royalty then payable. 
Trab-23 Property Background. EMX's Trab-23 project is located in
Turkey's eastern Pontides metallogenic belt, and hosts both porphyry
gold (copper-molybdenum) mineralization and epithermal
quartz-barite-gold veins. Rocks at higher elevations are dominated by
epithermal styles of alteration and mineralization, while
porphyry-style alteration and mineralization is exposed at lower
elevations as observed in stream bottoms and from drilling. Elevated
gold-in-soil anomalies are coincident with a magnetic high in the
center of property.  
Historic work at Trab-23 was conducted by Western Mining Corporation,
BHP, and Odyssey Resources starting in the 1990s, and included
programs of geologic mapping, soil and rock sampling, and geophysical
surveys. This work outlined a northwest trending, 2.5 kilometer long
zone of variably altered intrusive and volcanic rocks coincident with
anomalous gold and copper geochemistry. Reconnaissance drilling
completed in 2002 by an Odyssey Resources/BHP joint venture totaled
264 meters in two core holes. Both holes intersected gold, copper,
and molybdenum mineralization associated with quartz stockwork
veining. Hole GD-1 intersected anomalous gold, copper, and molybdenum
mineralization that increases towards the bottom of the hole, ending
in a 34 meter mineralized interval of 0.2 g/t gold and 0.1% copper
(0.24% Cu Eq) from 142 meters total depth. Hole GD-2 averaged 0.38
g/t gold and contained anomalous copper mineralization (average of
705 ppm) over its entire 122 meter length.  
The Trab-23 property, covering over 19 square kilometers, was
acquired by EMX at minimal cost through open auction in 2007. EMX's
geological reconnaissance and verification sampling consisting of
more than 49 rock samples (16% returned greater than 500 ppb gold,
14% returned greater than 250 ppm copper), and 50 soil samples (25%
returned greater than 100 ppb gold, 18% returned greater than 100 ppm
copper) confirmed the grades and styles of porphyry mineralization
originally identified by the historic exploration programs, and as a
result the historic results are considered to be reliable and
relevant. 
Other EMX News. The Company also announces that Mr. Paul Zink has
left EMX to pursue other interests. Mr. Zink was instrumental in
EMX's 2012 merger with Bullion Monarch Mining Inc. ("Bullion"), which
included paying 1% gross smelter return (GSR) royalties on the Carlin
Trend in Nevada from the Leeville, Four Corners, and other nearby
North Area mines operated by Newmont Mining Corporation (see Company
news release dated August 20, 2012). The Company extends a sincere
gratitude to Mr. Zink for helping develop its growing royalty
property portfolio, and wishes him all the best in his future
endeavors.  
Comments on Sampling, Assaying, and QA/QC. EMX's geochemical samples
were collected in accordance with accepted industry standards. The
samples were submitted to ALS Chemex laboratories in Izmir, Turkey
(ISO 9001:2000) and Vancouver, Canada (ISO 9001:2000 and 17025:2005
accredited) for sample preparation and analysis. Gold was analyzed by
fire assay with an AAS finish, and copper underwent aqua regia
digestion and analysis with ICP/AES techniques. As standard
procedure, the Company conducts routine QA/QC analysis on all assay
results, including the systematic utilization of certified reference
materials, blanks, and field duplicates. Copper equivalent calculated
as Cu % + (Au g/t x 0.65) with metallurgical recoveries and net
smelter returns assumed to be equal.  
About EMX. Eurasian is a global gold and copper exploration company
utilizing a partnership business model to explore the world's most
promising and underexplored mineral belts. Eurasian generates wealth
via grassroots prospect generation, strategic acquisition and royalty
growth.  
Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by
National Instrument 43-101 and employee of the Company, has reviewed,
verified and approved the disclosure of the technical information
contained in this news release. 
Forward-Looking Statements 
This news release may contain "forward looking statements" that
reflect the Company's current expectations and projections about its
future results. When used in this news release, words such as
"estimate", "intend", "expect", "anticipate", "will" and similar
expressions are intended to identify forward-looking statements,
which, by their very nature, are not guarantees of the Company's
future operational or financial performance, and are subject to risks
and uncertainties and other factors that could cause Eurasian's
actual results, performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and factors
may include, but are not limited to: unavailability of financing,
failure to identify commercially viable mineral reserves,
fluctuations in the market valuation for commodities, difficulties in
obtaining required approvals for the development of a mineral
project, increased regulatory compliance costs, expectations of
project funding by joint venture partners and other factors.  
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
news release or as of the date otherwise specifically indicated
herein. Due to risks and uncertainties, including the risks and
uncertainties identified in this news release, and other risk factors
and forward-looking statements listed in the Company's MD&A for the
nine-month period ended September 30, 2012 (the "MD&A") and most
recently filed Annual Information Form for the nine-month period
ended December 31, 2011 (the "AIF"), actual events may differ
materially from current expectations. More information about the
Company, including the MD&A, the AIF and financial statements of the
Company, is available on SEDAR at www.sedar.com and on the SEC's
EDGAR website at www.sec.gov. 
The NYSE MKT, TSX Venture Exchange and the Investment Industry
Regulatory Organization of Canada do not accept responsibility for
the adequacy or accuracy of this release. 
Contacts:
Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
(303) 979-6666
Dave@EurasianMinerals.com 
Eurasian Minerals Inc.
Valerie Barlow
Corporate Secretary
(604) 688-6390
(604) 688-1157 (FAX)
Valerie@EurasianMinerals.com
www.EurasianMinerals.com