Eurasian Minerals Acquires Freeport-McMoRan Copper + Gold’s Swedish Business

Eurasian Minerals Inc. (TSX VENTURE:EMX) is pleased to announce completion of the purchase of a Swedish subsidiary from Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX).

The Swedish subsidiary holds 1.0% net smelter return ("NSR") royalties over two advanced copper projects in northern Sweden – the Viscaria and Adak Projects – being developed by Avalon Minerals Ltd. (ASX: AVI). A Finnish company, Outokumpu Oyj, is entitled to receive 0.5% NSR royalties from the projects resulting in Eurasian receiving net 0.5% NSR royalties until Outokumpu has received an aggregate of US $12 million in royalty payments. The subsidiary also owns two exploration permits and a comprehensive exploration database. The purchase price was US$150,000 and 160,000 common shares of Eurasian, which are subject to restrictions on transfer in Canada until December 12, 2010.