EMX EMX Royalty Corporation

Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX)(NYSE MKT:EMXX)
is pleased to announce the signing of an Exploration and Option Agreement (the
"Agreement"), through its wholly-owned subsidiary Bronco Creek Exploration,
Inc., with Ely Gold and Minerals Inc. ("Ely Gold") (TSX VENTURE:ELY) for EMX's
Cathedral Well gold project (the "Project"). The Project is at the southern end
of the Battle Mountain-Eureka gold trend, approximately 55 kilometers southwest
of Ely, Nevada. The Cathedral Well property bounds Ely Gold's Green Springs
project area to the east and the west. Please see www.eurasianminerals.com for
more information.


Commercial Terms Overview. Pursuant to the Agreement, Ely Gold can earn a 100%
interest in the Project by paying EMX a total of US $100,000 as follows: US
$25,000 upon execution of the Agreement and US $75,000 over the next three
years, after which EMX will retain a 2.5% net smelter return (NSR) royalty,
inclusive of an underlying 0.5% NSR royalty.


In addition, after earning the 100% interest in the Project, Ely Gold will pay
EMX annual advance royalties equal to a) 20 ounces of gold each year until
completion of a feasibility study, prepared in accordance with the requirements
of NI 43-101 and CIM definitions and guidelines, covering either, or both, of
the Project and the adjacent Ely Gold properties, and b) 35 ounces of gold each
year thereafter until commencement of commercial production from either, or
both, of the Project and the adjacent Ely Gold properties. Ely Gold may purchase
a 0.5% NSR royalty out of the EMX NSR royalty (leaving EMX with a 2.0% NSR
royalty, subject to the underlying 0.5% NSR royalty) by paying Eurasian 500
ounces of gold within 60 days after commencement of commercial production from
either, or both, of the Project and the adjacent Ely Gold properties. 


Property Overview. Cathedral Well is located approximately 10 kilometers south
of the Mount Hamilton gold project, and virtually surrounds the historic Green
Springs mining district. USMX produced 1.1 million tonnes at an average grade of
2.1 g/t gold from open pit mining operations in the district from 1988-1990
(Russell, 2005)(1). Ely Gold has consolidated the Green Springs district and
assembled much of the historic data into a property-wide database of
geochemistry, geophysics, and drilling in order to re-evaluate the district's
exploration potential. 


The EMX property contains numerous outcropping jasperoids and de-calcified zones
developed along the Joanna-Chainman sedimentary rock contact, as well as
widespread alteration in sedimentary units above and below the Chainman
Formation. The historic open pit mines exploited oxide gold mineralization
developed in the upper Chainman and along the Joanna-Chainman contact, which are
important host units in the region (i.e., Midway Gold's Gold Rock project and
Pilot Gold's Griffon project)(2). Several northern historic exploration holes,
drilled by USMX, revealed mineralization associated with the underlying Pilot
Shale, which is another important host unit in the region (i.e., Alligator Ridge
and Midway Gold's Pan deposit)(3). The Pilot Shale remains largely untested
across the property, and lies at relatively shallow levels within the eastern
portion of the Project area. 


EMX acquired Cathedral Well through staking in 2008, and immediately optioned
the property to a wholly-owned subsidiary of Eldorado Gold Corp. ("Eldorado").
EMX and Eldorado completed 30.5 line kilometers of NSAMT and CSAMT geophysical
surveys, soil and stream sediment surveys totaling 1,597 samples, and identified
seven targets that were permitted for drill testing. Six reverse circulation
drill holes totaling 1,426 meters were completed over the western target area.
Eldorado relinquished their property interest in 2011, leaving the prospective
outcrops and targets on the eastern portion of the property untested.


Ely Gold has submitted a Plan of Operations and an Environmental Assessment to
the US Forest Service which will permit a drill program to test multiple targets
within the consolidated land package. Ely Gold will be the operator of the
program, with technical assistance from EMX through a defined Management
Committee arrangement during the option period.


The Cathedral Well Agreement exemplifies the execution of EMX's royalty
generation business model. The Project was acquired at minimal cost through
staking, and its value was enhanced with partner-funded exploration work. This
ultimately led to the Ely Gold Agreement and an organically generated revenue
stream and royalty interest.


(1), (2), (3) These mines and deposits provide context for EMX's Cathedral Well
Project, which occurs in a similar geologic setting, but this is not necessarily
indicative that the Project hosts similar mineralization.


About EMX. Eurasian Minerals Inc. is a royalty generator with a growing
portfolio. Eurasian leverages asset ownership and exploration insight into
partnerships that advance our mineral properties where EMX retains royalty
interests. EMX complements its generative business through strategic investments
and third party royalty acquisitions.


About Ely Gold. Ely Gold & Minerals Inc. is focused on the acquisition and
development of gold resources in North America. Ely Gold maintains a 20% fully
carried interest in the Mount Hamilton project that is advancing towards
production.


Mr. Dean D. Turner, CPG, a Qualified Person as defined by National Instrument
43-101 and consultant to the Company, has reviewed, verified and approved
disclosure of the technical information contained in this news release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this 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
three-month period ended March, 31, 2014 (the"MD&A") and most recently filed
Annual Information Form for the year ended period ended December 31, 2013 (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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
(303) 979-6666
Dave@EurasianMinerals.com


Eurasian Minerals Inc.
Scott Close
Director of Investor Relations
(303) 973-8585
SClose@EurasianMinerals.com
www.EurasianMinerals.com

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