Eurasian Minerals Inc.

completed

Eurasian Minerals (EMX.V) is a Toronto-listed, Vancouver-based minerals exploration company working on a diverse portfolio in multiple locations (Haiti, Turkey, Kyrgyzstan, Romania, and reviewing prospects in other locations). The company strategy is to acquire prospective ground, generate targets, and then farm out the exploration to others (i.e. a JV partner) in return for cash, retaining (carried) interest, or net smelter return. The JV partners that EMX is currently working with are established mining companies Newmont (USA), Centerra (Canada) and Chesser (USA). Current and planned exploration activities mainly comprise initial exploration reconnaissance (with drilling to follow as warranted by reconnaissance results) by Newmont in Haiti at Gran Bois and La Miel, and continued surface drilling in Turkey at Sisorta by Chesser and at Akarca by Centerra. On other properties in Haiti and other prospects in Turkey, EMX will continue to undertake the mapping, soil sampling and trenching activities. EMX anticipates significant exploration efforts on its Haiti properties in the near term, and hence IFC has focused its due diligence on these properties. Eurasian’s projects and/or the projects in which Eurasian has a minority interest are all in their early stages and the most common activities consist of geological mapping, soil sampling and trenching activities, small infrastructure, and in some cases of further exploration drilling, as well as the completion of pre-development studies. Therefore at this time it is not certain or possible to tell if any of the projects will actually proceed to mine development. Eurasian Minerals holds interests in other prospects, but these other prospects are either at a very early stage or effectively put on hold with limited or no current impacts. Eurasian’s projects in Kyrgyzstan are currently on hold. The Treuil and La Miel properties are in the planning stage and are Newmont designated projects where only exploration level work is being done. The parties are seeking approvals for a Mining Convention and permits for drilling, but current activities are limited to reconnaissance with minimal surface disturbance up to and including trenching.