900 Vertical Meters of Porphyry Copper-Molybdenum Mineralization At Copper Basin Project

VANCOUVER - Eurasian Minerals Inc. reported 2013 drill results from the Copper Basin porphyry copper-molybdenum project in central Arizona. The mineralized system starts at surface, and six of the seven diamond drill holes completed this year bottomed in visible copper-molybdenum mineralization. Hole CB-13-01 was altered and mineralized over its entire 919.7 meter length, and averaged 0.34% copper equivalent (0.18% Cu and 0.029% Mo), with higher grade sub-intervals of 104.5 meters averaging 0.43% copper equivalent (0.21% Cu and 0.039% Mo) and 63 meters averaging 0.65% copper equivalent (0.16% Cu and 0.090% Mo). EMX's exploration results confirm the presence of a large porphyry copper-molybdenum system with nearly a kilometer of vertical extent within a 1.5 square kilometer area defined by the presence of porphyry style alteration, mineralization, and related geophysical anomalies.

Copper Basin 2013 Drill Results. EMX's Copper Basin drill program was funded 100% by Vale and consisted of seven diamond holes totaling 2,776 meters. The program was designed to test copper and molybdenum mineralization first identified by historic drilling from the 1960s and 1970s, as well as new targets identified by the Company's surface mapping, structural geologic reconstructions, geochemical sampling, and geophysical surveying. All seven holes intersected significant to anomalous copper-molybdenum grades in, and around an exposed portion of the porphyry target area.

The Copper Basin project is located in central Arizona, and was last explored during the porphyry copper exploration boom of the 1960's and 1970's. This work included surface sampling, geophysics, and drill testing. The property was identified as a prospective porphyry copper-molybdenum target from EMX's regional exploration work, and staked in 2010 on open ground. The Company's 2013 program represents the first drill testing of the property since the early-1970s.