Eurasian Completes Acquisition of Swedish Subsidiary From Freeport-McMoRan


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Eurasian Completes Acquisition of Swedish Subsidiary From Freeport-McMoRan

-- Posted Friday, 13 August 2010 | Digg This Article Digg It! | | Source: GoldSeek.com

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2010) - Eurasian Minerals Inc. (TSX VENTURE:EMX - ESMNF.PK) is pleased to announce completion of the purchase of a Swedish subsidiary from Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX).

The Swedish subsidiary holds 1.0% net smelter return ("NSR") royalties over two advanced copper projects in northern Sweden - the Viscaria and Adak Projects - being developed by Avalon Minerals Ltd. (ASX: AVI). A Finnish company, Outokumpu Oyj, is entitled to receive 0.5% NSR royalties from the projects resulting in Eurasian receiving net 0.5% NSR royalties until Outokumpu has received an aggregate of US $12 million in royalty payments. The subsidiary also owns two exploration permits and a comprehensive exploration database. The purchase price was US$150,000 and 160,000 common shares of Eurasian, which are subject to restrictions on transfer in Canada until December 12, 2010.

EMX is exploring and investing in a mineral property and royalty portfolio located in some of the most prospective, but under-explored mineral belts of the world.

Forward-Looking Statement

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact:

David M. Cole

Eurasian Minerals Inc.

President and Chief Executive Officer

303-979-6666

dave@eurasianminerals.com

Kim C. Casswell

Eurasian Minerals Inc.

Corporate Secretary

604-688-6390

604-688-1157 (FAX)

kcasswell@eurasianminerals.com

www.eurasianminerals.com

-- Posted Friday, 13 August 2010 | Digg This Article

| Source: GoldSeek.com

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