The asteroid was spotted by the Pan-STARRS 1 telescope in Hawaii on March 13 this year.
'Asteroid 2012 EG5 will safely pass Earth on April 1,' said scientists at Nasa's Jet Propulsion Laboratory via a Twitter post.
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Asteroid 2012 EG5 Close Call 04/02/2012
The asteroid 2012 EG5 is the third asteroid to pass close by Earth within a week. Two smaller asteroids pass by Earth on Monday. The closest asteroid 2012 FS35 passed within 36,000 miles.
Nasa has been keen to dispel any panic surrounding asteroids this year as rumours of an apocalypse linked to the Mayan calendar have surfaced on the internet.
The asteroid 2012 EG5 will be closer than the moon when it passes Earth at 5:32 a.m. EDT (0932 GMT). The space rock is about 150 feet wide, according to a NASA update.
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Today Nasa astronomers are carrying out a survey called the Spaceguard Survey to find any large near-Earth asteroids long before they hit.
More information about 2012 EG5 at NASA website:
JPL Small-Body Database Browser