Eurasian Minerals Provides an Update on Haiti Exploration Programs

Eurasian Minerals EMXX is pleased to provide an update on the exploration programs underway in Haiti with Newmont Ventures Limited ("Newmont"). Under terms of a recently signed Memorandum of Understanding ("MOU") the government of Haiti and the joint venture agreed to certain protocols to continue discussions around the pending Mining Convention. Furthermore, the joint venture is allowed to drill on certain selected projects under the MOU, and drilling is currently underway at the La Miel Designated Project. In another recent development, Newmont relinquished their rights in the Grand Bois Research Permit that covers the historic gold resource area; as a result, EMX has regained 100% control of the Grand Bois project. Elsewhere in Haiti, exploration continues throughout the EMX-Newmont exploration portfolio, which currently covers over 130 kilometers of strike length along northern Haiti's Massif du Nord mineral belt, and includes gold and copper properties with multiple early-stage discoveries and drill-ready targets. MOU Update. To assist in concluding the Mining Convention and accelerate the advancement of drill-ready prospects, the joint venture signed a Memorandum of Understanding with the government of Haiti. The MOU establishes procedures under which the parties agree to use good faith efforts to conclude the Mining Convention. The MOU also allows exploration drilling on certain projects while ratification of the Mining Convention is finalized. Once ratified, the Mining Convention will set the financial and related conditions for project exploration, development, exploitation and closure. La Miel Update. The La Miel Designated Project's Savane La Place gold prospect is the first project selected for drilling under the new MOU. Previous work at Savane La Place outlined over 15 square kilometers of epithermal alteration in volcanic rocks, and identified gold mineralization in trench sampling that included 243 meters averaging 1.71 g/t gold that is interpreted to represent an approximate true width interval across the main target zone. A diamond drilling program commenced on April 12th at Savane La Place, and is on-going. Grand Bois Update. Newmont recently relinquished its interest to EMX in the 50 square kilometer Research Permit that covers the Grand Bois historic resource. However, Newmont did elect to retain its exploration interest in the Designated Project surrounding the Research Permit. Newmont will continue to fund and manage the exploration work on these surrounding properties as a Designated Project. The Company is reviewing its options for the Grand Bois project as a 100% EMX asset.