EMX EMX Royalty Corporation

Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX) is pleased to
announce the signing of an agreement with Freeport-McMoRan Exploration
Corporation ("FMEC"), a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE:
FCX), to acquire FMEC's wholly owned subsidiary, Phelps Dodge Exploration Sweden
AB ("PDES"). PDES's main assets include 1% net smelter return ("NSR") royalties
over two advanced copper projects in northern Sweden (the Viscaria and Adak
Projects), as well as two exploration permits and a comprehensive exploration
database. In addition, EMX has commenced work on six previously granted
exploration permits covering an area of approximately 213 square kilometers over
prospective geology south of Kiruna, northern Sweden. Please see attached map
and the Company's web site at www.eurasianminerals.com for more information.


The Acquisitions. The Viscaria and Adak Projects, which are being developed by
Avalon Minerals Ltd. (ASX: AVI), are the subject of 1.0% NSR royalties in favor
of PDES. Under a separate royalty agreement, PDES will be obligated to pay half
of any production royalties (0.5% NSR) received from Avalon to Outokumpu Oyj, up
to a maximum of US $12 million. This yields to PDES an effective 0.5% NSR
royalty until the cap on its payments to Outokumpu is reached, at which point
PDES will retain the full 1% NSR royalty payments. The purchase price of PDES is
US$150,000 and 160,000 common shares of EMX. Closing of the acquisition is
scheduled for August 11, 2010 and is subject to completion of due diligence
examinations and TSX Venture Exchange approval. 


The acquisition also includes two exploration permits, including the Rumma No.
1, covering an area of 28.35 square kilometers in central Sweden, and the
Norrmyran No. 1, covering an area of 13.28 square kilometers close to the
Skellefte belt and the so-called "Gold Line" in northern Sweden. The Norrmyran
permit includes outcropping copper-gold mineralization, and geology that is
considered to be favorable for further discoveries. 


EMX Exploration Activities in Northern Sweden. The Company has been granted six
exploration permits (Pikkujarvi Nos. 1, 2, 3 and 4, Puoltsa No. 10 and Kalixfors
No.1) covering approximately 213.5 square kilometers in the area south of
Kiruna, Northern Sweden (collectively known as the Kiruna South Project). This
region is characterized by a rich mineral endowment, including major
copper-gold, iron and gold deposits that support a vibrant mining industry. The
permits are held by Eurasian Minerals Sweden AB, a wholly owned
Swedish-registered subsidiary.


EMX has acquired the available data pertaining to previous historical work on
the permits that consists of ground geophysics, geochemical sampling, geological
mapping and drilling. Exploration in the region is challenging due to the
extensive cover of soils, glacial materials and vegetation, and as a result,
previous exploration tended to focus on individual occurrences and deposits. EMX
considers this challenging environment to be an opportunity, and is using its
comprehensive exploration database to prioritize targets on the properties. 


The Pikkujarvi exploration permits include the advanced Pikkujarvi prospect,
which was first identified by Luossavaara-Kiirunavaara AB ("LKAB"), the
operating company of the Kiruna iron ore mines. LKAB drilled 36 core holes
during 1982 to 1985, targeting copper-gold mineralization hosted by metavolcanic
rocks at the contact with a quartz monzonite. Subsequently in 1986, LKAB
reported a historical resource estimate (termed an "Ore Estimate") of 11.4
million tonnes averaging 0.43 percent copper at a 0.2 percent copper cut-off on
the basis of 27 diamond drill holes totalling 5,414.1 meters (LKAB Report Nr
86-34 by Kirsten Holme, titled "Preliminary tonnage estimate of the Sierkavare
(Pikkujarvi) copper mineralization"). This historical resource estimate is not
NI 43-101 compliant, but the Company considers that it is relevant to the
assessment of the permits. EMX has not performed sufficient work to classify the
Pikkujarvi historical estimate as current mineral resources, and this estimate
should not be relied upon until it can be confirmed by the Company. 


The Puoltsa exploration permit covers favorable geology and geochemistry
proximal to, and extending from, the Pahtohavare and Rakkurijarvi
copper-gold-iron deposits. A prominent northwest-southeast trending fault passes
through the permit area. The Ailatis and Saarijarvi copper-gold-iron prospects
are located within the permit. 


The Kalixfors exploration permit covers 115 square kilometers. The Kalixfors
exploration permit includes favourable geology and geochemistry in an
under-explored area. Earlier work in the 1970's identified copper-gold
mineralization at Kielinen and Vuotnavare, a copper-molybdenum-gold prospect at
Hamojagge, and an extensive field of copper mineralised boulders at Akkavaara. 


2010 Program. EMX has established a field office at Kiruna, and this year's
field program is currently underway. The initial work will include additional
geochemical sampling and geophysical surveying prior to identifying targets for
drilling. EMX is also evaluating additional opportunities in northern Sweden, as
well as elsewhere in Fennoscandia.


Freeport-McMoRan Exploration Corporation and Phelps Dodge Exploration Sweden AB
have not approved or disapproved the content of this press release other than
the consideration terms, the conditions to close and closing date.


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.


Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person as
defined by National Instrument 43-101 and consultant to the Company, has
reviewed and verified the technical mining information contained in this news
release.


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.


To view the map accompanying this release please click on the following link:
http://media3.marketwire.com/docs/emx0805.jpg

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