Chairman's Statement

Eurasia Mining PLC
21 July 2000


Chairman's Statement at Annual General Meeting
At the Annual General Meeting of Eurasia Mining PLC held today, the Chairman,
Mr J A Mitchell, in a statement to shareholders said:

Our work this year is designed to bring the company to the stage where we are
mining, processing, producing and selling finished product which will generate
a positive cash flow while at the same time seeking to expand our resource
base with the long term objective of becoming a substantial PGM producer.

At Baronskoye the drilling programme is well under way and metallurgical test
work has commenced. Subject to timely and satisfactory outcomes of these two
activities we anticipate entering into a toll treatment agreement with a
nearby ore processing plant which would enable us to move rapidly into small
scale low cost palladium production. 

Fieldwork is progressing very well at on our other projects, including our
Amplats joint venture, and we plan to drill at both Soloviev Hill and Vissim
in the near future.

Until the middle of last year we were, largely speaking, alone in the Urals.
However in the autumn we formed our joint venture with Amplats, the world's
largest platinum producer, and this perhaps helped bring a new focus to the
region and to the country. Some major international mining houses are now
starting to increase their level of activity and I would expect this trend to
continue. We view this trend very positively for a small company that has
determinedly stuck to its belief.

It is becoming increasingly recognised that President Putin and the new
political authorities in Russia, who are anxious to attract foreign
investment, are creating a much more friendly investment environment, reducing
some of the tax burden, introducing new laws and workable regulations - most
of which augers well for the mining industry and Eurasia Mining.

Platinum Group Metals are the new millennium metals and you will have noticed
the steady increase in the world prices, brought about by strong industrial
demand and the anticipation of increasing uses in fuel cell technology,
computer hard discs, catalytic converters and increasing calls for white metal
jewellery.

I am confident that when I am addressing this meeting at the same time next
year that there will have been further significant progress and that we will
have some exciting production statistics to report to you.


Listing:              Alternative Investment Market, London Stock Exchange
Code:                 EUA
Web Site:             www.eurasia-mining.plc.uk
Email:                [e-mail]

For further information please contact:
Andrew Counsell, Managing Director             Tel:   [phone]       
Paddy Manning, The Paddy Manning Company       Tel:   [phone]