Alliance with AngloGold

Eurasia Mining PLC
18 April 2005

Eurasia Mining plc ('Eurasia' or 'The Company') has agreed to an exploration
alliance with AngloGold Ashanti, the world's number two gold producer. It covers
gold and related mineral exploration and possible development projects in
eastern Siberia.



Eurasia Managing Director Christian Schaffalitzky said: 'This is a milestone
agreement that combines our exploration management skills in the region with
AngloGold Ashanti's resources and carries us into early stage projects that
would otherwise be beyond our reach financially. We look forward to early
success.'



The new agreement gives AngloGold Ashanti the exclusive right to participate in
early stage projects proposed by Eurasia, which has been appraising potential
prospects for about 18 months in conjunction with local companies and government
agencies. Work has now reached the stage where Eurasia is ready to move forward.



AngloGold Ashanti will pay an entry fee of $100,000 in recognition of Eurasia's
past costs, and fund the first $2 million of exploration spending. Subsequent
spending will be shared equally.



AngloGold Ashanti will also have the right to purchase an additional 25% share
from Eurasia following completion of any bankable feasibility study, when it can
also take over as operator.



Richard Duffy, Executive Officer Business Development for AngloGold Ashanti,
comments 'This move is consistent with our strategy of investing in this
prospective gold region through collaboration with companies with sound local
experience, and confirms our confidence in the long-term future of the Russian
gold mining industry. We are very pleased to be associated with Eurasia Mining
as part of this strategy.'







For further information contact:



Michael Martineau/Christian Schaffalitzky, 
Eurasia Mining plc:                                        [phone]
Michael Devilliers, Eurasia Mining plc:                    [phone]
Laurie Beevers, W H Ireland:                               [phone]
Allan Piper, First City Financial Public Relations:        [phone]
                                                           [phone]
Gordon Wylie, AngloGold Ashanti Ltd                        [phone]
Nick Fox, AngloGold Ashanti Ltd                            [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange