Drill sampling results

Eurasia Mining PLC
21 April 2006

                               Eurasia Mining plc

                          ('Eurasia' or 'the Company')



EURASIA DISCOVERS VIRGIN PLATINUM ALLUVIAL DEPOSIT AT WEST KYTLIM, URALS, RUSSIA


Eurasia Mining plc is pleased to report the discovery of a previously unknown
and unmined alluvial platinum deposit on parts of the Tylai River terraces in
its West Kytlim licence in the Central Urals of Russia.


Drill results from the first traverse across the terraces average 335 milligrams
per cubic metre (mg/m3 - the standard method of reporting drill results for
alluvial deposits) over a surface width of 320 metres (m) and an average
thickness of 3.2m. Details of the results are provided on the company's web site
www.eurasiamining.co.uk.


The deposit lies under 1 - 8m of barren river sediment which hitherto has
concealed the deposit from previous mining activity. The results are consistent
with Eurasia's exploration model, which has identified this target as being
approximately 5 km long on the south side of this river with an estimated total
potential of 5.1 million cubic metres. A second as yet untested target remains
to be explored on the north side of the Tylai River.


In addition to this virgin discovery and located near the headwaters of the
Tylai river, a second drill traverse at Bolshoya Sosvovka has identified
material comprising both tailings from an earlier dredging operation and blocks
of remnant unmined material that averages 320 mg/m3 from surface over
thicknesses of 3.6 to15.3 m. Eurasia's work indicates a potential volume of 3.7
million m3 over a surface width of some 200 m and a potential length of 2 km.


An intensive drilling programme continues with the aim of delineating blocks of
mineralisation to be test-mined and processed during this (2006) summer using a
plant that has been constructed by Eurasia. Additional target areas within the
licence area have yet to be assessed.


Commenting on the results, Managing Director Christian Schaffalitzky said: 'We
are pleased to see the fruits of our work at West Kytlim. Two potential areas of
production have been identified. As the capital costs for mining these projects
are modest, helped by using equipment owned by our local partner, Eurasia
expects to see cash flow in 2007 if a mining permit is obtained in time for the
summer season. We envisage a project which would produce at least 15,000 ounces
of platinum per annum.'


Located approximately 350 km north of Ekaterinburg in the Urals region of
western Russia, the West Kytlim project is situated within the Urals alluvial
platinum belt which was historically the third largest platinum producing region
of the world after the Bushveld in South Africa and Norilsk in Russia. The
Kytlim district itself has produced approximately 50 tonnes (1.6 million ounces)
of alluvial platinum to date. Eurasia and Anglo Platinum, the largest platinum
producer in the world, work jointly on the Urals programme through their 50:50
joint venture company Urals Alluvial Platinum Limited. Anglo Platinum is funding
100% of costs up to the completion of a Feasibility Study. The joint venture
holds a 75% interest in the West Kytlim project, with the remaining interest
held by Production Artel Yuzhno-Zaozersky Priisk, a local successful platinum
and gold mining company.


The exploration licence covers an area of 171 km2 over a drainage system which
was partially worked for alluvial platinum in the past by dredging and manual
methods. The joint venture is targeting previously unworked and untested terrace
gravels, as well as the tailings from past production which can be reworked to
recover residual platinum using modern processing technologies.


The exploration licence term expires in December 2008, by which time a mining
licence would replace it. An aggressive exploration and development programme is
underway on the area to facilitate early development. Detailed drilling for a
feasibility study on two target areas commenced in September 2005 and the first
drill results have allowed a preliminary assessment of the resource potential.
Test mining will be undertaken to confirm both the resources and the processing
methods to be used in mining. The objective is to commence production in 2007,
assuming successful grant of a mining permit.


Processing of alluvial sediment is simple in principle, with excavation and
washing of the platinum-bearing sediments carried out so that a heavy minerals
concentrate is produced. This concentrate consists of platinum-rich particles as
well as other heavy minerals such as chromite and magnetite. This concentrate is
further processed to leave the platinum concentrate, which consists primarily of
a mineral alloy called isoferroplatinum. The platinum concentration of this
alloy ranges from 78 to 89%, with iron and copper comprising most of the
remainder, with trace gold, silver and other platinum group metals. This
material is sold directly to refineries, with payment based on the recovered
metal. As this material is high grade, the refining costs are minimal compared
to the sulphide-rich materials forming the bulk of the world's platinum
production.


Resource estimates for alluvial projects are constructed differently from those
calculated on hard rock mineral deposits. The grades are reported as the
recovered weight of platinum concentrate measured against the volume of
sediments sampled or extracted. Drilling of samples proceeds on a grid which is
designed for approval of reserves by the Russian authorities - an essential step
for obtaining a mining permit. At West Kytlim, two drillhole profiles, one on
each target area, provide an early indication of the grade of platinum, the
distribution of metal in the sediments and the thickness and extent of the
mineralised layers. A number of small producers in the Urals are economically
extracting platinum at grades of 100 to 150 mg/m3.


Eurasia will be reporting the resource estimates being submitted to the Russian
authorities and these will be audited by Eurasia and Anglo Platinum for that
purpose. A development plan will be produced based on these estimates and,
following the granting of the necessary permits, production can commence
immediately.


The work completed and the technical information provided in this release have
been verified by EurGeol Christian Schaffalitzky, PGeo, FIMMM, CEng who is a
qualified person under stock exchange regulations and authorised by Urals
Alluvial Platinum Limited to make this release.


Eurasia is a mineral exploration company specialising in platinum and gold
exploration in Russia. In addition to its Urals exploration interests Eurasia
holds three licences totaling 475 square kilometres on the Kola Peninsula in
northwest Russia which are subject to a similar joint venture with Anglo
Platinum. The company also has an exploration alliance funded by AngloGold
Ashanti concerning gold exploration in eastern Siberia.


For further information contact:


Christian Schaffalitzky / Michael Martineau, 
Eurasia Mining Plc:                                         [phone]
Laurie Beevers, W H Ireland:                                [phone]
Simon Mooney, Loeb Aron & Co Ltd:                           [phone]
Sarah Samworth, First City Financial Public Relations:      [phone]
                                                            [phone]




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