Discovery confirmed in KolaJV

Eurasia Mining PLC
08 August 2007

                               Eurasia Mining plc
                      ('Eurasia Mining' or the 'Company')


               Discovery confirmed in Kola JV with Anglo Platinum


Eurasia is pleased to announce further confirmation of a platinum group metals
(PGM) discovery on the Kola Peninsula in north-west Russia.

Anglo Platinum, the world's largest primary platinum producer is funding the
exploration programs up to US$10million and these results complement the two
previously announced discoveries in areas covered by the joint venture.  

Confirmation of the discovery on the Monchetundra licence follows completion of
2,339 metres of drilling in 12 holes to the end of July. Platinum grades of up
to 10.7 grams per tonne (g/t) and palladium of up to 2.88 g/t were identified
within a one metre section of the mineralised zone measuring 17 metres in
thickness.

Eurasia Managing Director Christian Schaffalitzky said: 'We are of course
delighted by these latest results which confirm an continuation of the
mineralised zone identified in our initial Monchetundra discovery. We are now
drilling to seek further extensions.'

Drilling work is also continuing on the neighbouring Volchetundra licence, and
by the end of July a total of 851 metres was completed in four holes to follow
up the initial discovery announced in March 2007. The holes have yet to be
assayed but summary logging indicates the mineralised zone appears to continue
both along strike and down dip.

Eurasia's joint venture with Anglo Platinum covers the Monchetundra,
Volchetundra and West Imandra licences which together cover a total of 450 sq km
on the Kola Peninsula. The licences lie on an extension of a geological trend
where the Canadian groups Barrick Gold and Consolidated Puma Minerals
Corporation are carrying out advanced exploration and feasibility studies on
nearby deposits..

Results from the earlier discoveries on the Volchetundra and Monchetundra
licences showed the presence of platinum and palladium with grades of up to 11
grams per tonne. Initial appraisal work is also under way at West Imandra.

The technical information and opinions contained in this announcement have been
reviewed by Christian Schaffalitzky, the Company's Managing Director who is a
Professional Geologist and Chartered Engineer and a member of the Institute of
Materials Metals and Mining and the Institute of Geologists of Ireland.




For further information contact:


Christian Schaffalitzky, Michael Martineau or
Michael de Villiers, Eurasia Mining Plc:             [phone]
Laurie Beevers, W H Ireland:                         [phone]
Allan Piper, First City Financial Public Relations:  [phone]
Nicholas Bealer, King & Shaxson Capital Limited      [phone]





Background details follow:



Detailed drill results



Confirmation of the discovery on the Monchetundra licence follows completion of
2,339 metres of drilling in 12 holes to the end of July.  Of these, three holes
intersected the mineralised zone, the best hole (MT-38) intersecting, 17 metres
grading 3.2 grams per tonne (g/t) platinum and palladium, where the Pt:Pd ratio
is 1:1.5. Significantly, two high grade zones were also identified within this
section, with 1 metre grading 8.8 g/t Pt and 2.05 g/t Pd, with a second 1 metre
interval grading 2.88 g/t Pt and 10.7 g/t Pd. These high grade intervals
indicate a potential new target with a different strike and dip from the
original discovery. The other drillholes were testing other parts of the belt
and did not give any significant grades.  Details of MT-38 are provided in
Appendix 1, along with MT-39 which had a mineralised interval of 5.5 metres with
1.37 g/t Pt+Pd, at a ration of 1:2.2, and MT-18, with a 15.6 metre intercept at
1.2g/t Pt+Pd.



On the neighbouring Volchetundra licence, Eurasia has contracted a drill rig
mounted on a tracked, all-terrain vehicle to cope with the hilly conditions. It
is capable of potentially completing 2,000 metres per month and to work through
the winter, and will allow planned completion of some 3,000 metres of drilling
this year.



DRILL HOLE MT-38
   Interval      Thick    Pt g/t   Pd g/t    Pt+     Pd/Pt   Pt + Pd
                                                     ratio
                  ness                        Pd
 From     to
 128,7   129,6    0,90    0,025     0,08     0,11
 129,6   130,7    1,10     0,30     0,51     0,81     1,70   
 130,7   131,7    1,00     0,2      0,38     0,61     1,65    
 131,7   132,7    1,00     0,6      0,90     1,54     1,41
 132,7   133,7    1,00     0,5      0,74     1,21     1,57
 133,7   134,7    1,00     0,8      0,82     1,63     1,01
 134,7   135,7    1,00     1,4      1,91     3,27     1,40   17m @
 135,7   136,7    1,00     1,2      1,78     3,00     1,46   3.2g/t
 136,7   137,7    1,00     8,8      2,05    10,83     0,23
 137,7   138,7    1,00     1,4      2,05     3,49     1,42
 138,7   139,7    1,00     2,40     3,50     5,90     1,46
 139,7   140,7    1,00     1,6      2,32     3,92     1,45
 140,7   141,7    1,00     0,5      0,62     1,09     1,32
 141,7   142,7    1,00     0,8      1,05     1,82     1,36
 142,7   143,7    1,00     0,48     0,71     1,19     1,48
 143,7   144,7    1,00     0,1      0,23     0,36     1,77
 144,7   145,7    1,00     0,39     0,52     0,91     1,33
 145,7   146,7    1,00     2,88     10,7    13,58     3,72
 146,7   147,7    1,00    0,025     0,08     0,11








DRILL HOLE MT-39


   Interval, m     Thick-     Pt    Pd     Pt+Pd    Pd/Pt  Pt +
                                                    ratio   Pd
                   ness m    g/t    g/t     g/t
  From      to
 42,20    43,10     0,90     0,03  0,08    0,11
 43,10    43,90     0,80     0,03  0,01    0,04
 43,90    44,90     1,00     1,10  1,99    3,09      1,8   2.8 g
 44,90    45,90     1,00     0,86  1,46    2,32      1,7   /t /5
 45,90    46,90     1,00     1,30  2,48    3,78      1,9     m
 46,90    47,90     1,00     1,04  1,86    2,90      1,8
 47,90    48,90     1,00     0,83  1,31    2,14      1,6
 48,90    50,30     1,40     0,03  0,07    0,10

 61,30    62,00     0,70     0,14  0,39    0,53      2,8   1.2 g
 62,00    62,80     0,80     0,61  1,15    1,76      1,9   /t /
 62,80    63,30     0,50     0,03  0,14    0,17            7.0 m
 63,30    64,30     1,00     0,10  0,36    0,46      3,6
 64,30    64,80     0,50     0,09  0,35    0,44      3,9
 64,80    65,40     0,60     0,53  1,11    1,64      2,1
 65,40    66,30     0,90     0,51  0,79    1,30      1,5
 66,30    67,30     1,00     0,46  0,81    1,27      1,8
 67,30    68,30     1,00     0,89  1,64    2,53      1,8
 68,30    69,10     0,80     0,03  0,07    0,10
 69,10    70,00     0,90     0,03  0,03    0,06
 70,00    71,00     1,00     0,03  0,01    0,04
 71,00    71,50     0,50     0,26  0,57    0,83      2,2
 71,50    72,50     1,00     0,40  0,78    1,18      2,0
 72,50    73,50     1,00     0,27  0,50    0,77      1,9
 73,50    74,50     1,00     0,25  0,49    0,74      2,0
 74,50    75,50     1,00     0,32  0,74    1,06      2,3
 75,50     76,5     1,00     0,03  0,28    0,31
 76,50    77,40     0,90     0,03  0,21    0,24
 77,40    78,30     0,90     0,35  0,67    1,02      1,9
 78,30    79,10     0,80     0,03  0,01    0,04
 79,10    79,90     0,80     1,16  2,06    3,22      1,8
 79,90    80,80     0,90     0,03  0,05    0,08
 80,80    81,70     0,90     0,03  0,02    0,05
 81,70    82,40     0,70     0,03  0,32    0,35
 82,40    83,30     0,90     0,03  0,06    0,09
 83,30    84,30     1,00     0,29  0,67    0,96      2,3
 84,30    85,20     0,90     0,42  1,18    1,60      2,8
 85,20    86,80     1,60     0,06  0,22    0,28      3,7
 86,80    87,80     1,00     0,09  0,35    0,44      3,9
 87,80    88,40     0,60     0,54  1,48    2,02      2,7
 88,40    89,40     1,00     0,21  0,52    0,73      2,5
 89,40    90,10     0,70     0,14  0,39    0,53      2,8
 90,10    91,20     1,10     0,31  0,61    0,92      2,0
 91,20    92,40     1,20     0,03  0,05    0,08
 92,40    93,60     1,20     0,15  0,18    0,33      1,2
 93,60    94,60     1,00     0,15  0,48    0,63      3,2
 94,60    95,60     1,00     0,11  0,36    0,47      3,3
 95,60    96,10     0,50     0,03  0,12    0,15
 96,10    96,90     0,80     1,70  3,46    5,16      2,0   1.0 g
 96,90    98,20     1,30     0,03  0,01    0,04            /t /
 98,20    99,20     1,00     0,20  0,30    0,50      1,5   10.8
 99,20    100,30    1,10     0,31  0,91    1,22      2,9     m
 100,30   101,10    0,80     0,03  0,01    0,04
 101,10   102,00    0,90     0,36  0,62    0,98      1,7
 102,00   102,80    0,80     0,03  0,01    0,04
 102,80   103,40    0,60     0,63  1,11    1,74      1,8
 103,40   103,80    0,40     0,03  0,10    0,13
 103,80   105,00    1,20     0,03  0,01    0,04
 105,00   106,00    1,00     0,38  0,77    1,15      2,0
 106,00   106,90    0,90     0,35  0,91    1,26      2,6
 106,90   107,70    0,80     0,33  0,46    0,79      1,4
 107,70   108,70    1,00     0,11  0,15    0,26      1,4
 108,70   109,70    1,00     0,03  0,01    0,04
 109,70   110,90    1,20     0,03  0,01    0,04
 110,90   111,40    0,50     0,03  0,04    0,07
 111,40   112,40    1,00     0,03  0,01    0,04
 112,40   113,70    1,30     0,03  0,04    0,07
 113,70   114,90    1,20     0,03  0,02    0,05
 114,90   116,10    1,20     0,07  0,14    0,21      2,0
 116,10   117,10    1,00     0,03  0,17    0,20
 117,10   118,10    1,00     0,06  0,23    0,29      3,8
 118,10   119,10    1,00     0,20  0,39    0,59      2,0
 119,10   120,10    1,00     0,09  0,16    0,25      1,8
 120,10   121,00    0,90     0,06  0,12    0,18      2,0
 121,00   121,60    0,60     0,03  0,02    0,05
 121,60   122,40    0,80     0,03  0,02    0,05
 122,40   123,40    1,00     0,03  0,08    0,11
 123,40   124,80    1,40     0,03  0,06    0,09
 124,80   125,50    0,70     0,84  2,33    3,17      2,8   1,0/
 125,50   126,50    1,00     0,16  0,36    0,52      2,3    3,5
 126,50   127,30    0,80     0,03  0,01    0,04
 127,30   127,80    0,50     0,19  0,25    0,44      1,3
 127,80   128,30    0,50     0,27  0,45    0,72      1,7
 128,30   129,30    1,00     0,07  0,31    0,38      4,4
 129,30   130,30    1,00     0,10  0,21    0,31      2,1
 130,30   131,30    1,00     0,17  0,91    1,08      5,4
 131,30   132,30    1,00     0,07  0,17    0,24      2,4
 132,30   133,30    1,00     0,06  0,09    0,15      1,5
 133,30   134,20    0,90     0,18  0,36    0,54      2,0
 134,20   135,2     1,00     0,12  0,31    0,43      2,6





DRILL HOLE MT-18


   Interval, m    Thickness m                      Pt+      Pd/Pt Pt + Pd

                                Pt      Pd       Pd g/t

                               g/t     g/t
  From      to
 23,00    24,00      1,00      0,025     0,01      0,04
 24,00    24,90      0,90       0,24     0,34      0,58      1,42  
 24,90    25,70      0,80       0,64     0,94      1,58      1,47
 25,70    26,50      0,80       0,48     0,61      1,09      1,27  
 26,50    27,50      1,00       0,41     0,52      0,93      1,27
 27,50    28,70      1,20       0,63     0,81      1,44      1,29
 28,70    30,00      1,30       0,42     0,69      1,11      1,64
 30,00    30,60      0,60       0,32     0,61      0,93      1,91
 30,60    31,60      1,00       0,51     1,09      1,60      2,14 15.6 m @
 31,60    32,60      1,00       0,57     1,36      1,93      2,39 1.2 g/t
 32,60    33,60      1,00       0,66     0,88      1,54      1,33
 33,60    34,60      1,00       0,49     0,88      1,37      1,80
 34,60    35,60      1,00       0,53     0,84      1,37      1,58
 35,60    36,60      1,00       0,41     0,53      0,94      1,29
 36,60    37,60      1,00       0,35     0,46      0,81      1,31
 37,60     38,6      1,00       0,30     0,44      0,74      1,47
  38,6    39,60      1,00       0,29     0,53      0,82      1,83
 39,60    40,60      1,00      0,025     0,05      0,08







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