Drilling Report

Eurasia Mining PLC
16 April 2007



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


         Drilling results - Second Platinum Discovery confirmed at Kola



April 16, 2007: Eurasia Mining plc is pleased to confirm its second platinum
group metals (PGM) discovery on the Kola Peninsula in north-west Russia.

Like the earlier discovery, announced last month, it lies in acreage where the
first US $10 million of exploration spending is funded by the world's largest
platinum producer, Anglo Platinum, Eurasia's joint venture partner.

The latest results show very encouraging platinum plus palladium values between
1 and 2.9 gram per tonne (g/t). They follow drilling undertaken during the
second half of 2006 on the joint venture Monchetundra licence, near the town of
Monchegorsk.

Eurasia Managing Director Christian Schaffalitzky said: 'Coming so soon after
our earlier discovery announcement at nearby Volchetundra, this is a very
encouraging set of results.'

Mr Schaffalitzky added: 'We now plan a programme of grid drilling to identify a
mineral resource with economic potential.'

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.

These 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. The area has an
established mining and mineral processing infrastructure and a  mining history
of over 80 years.

Last month's results from Volchetundra showed the presence of platinum and
palladium with grades of between 1.9 and 11 grams per tonne. Initial appraisal
work is also under way at West Imandra.

Drilling at Monchetundra in the second half of 2006 focused on earlier results
that had identified a mineralised zone with wide intercepts of low grade
platinum group metals (PGM). The program has confirmed the presence of this zone
both on strike and down dip.

To date the zone is seen in two fault blocks, with a NW-SE strike extent of 1100
and 400 metres respectively. No drilling has been done yet beyond these limits.
On the table below, the principal results can be seen. The detailed analytical
results for all relevant holes with location maps can be seen on the company's
website www.eurasiamining.co.uk

Results include 15.3m at 2,20gm/t Pt+Pd, 11.3m at 2.93gm/t Pt+Pd, 21.3m at
1.92gm/t Pt +Pd and 18m at 1.66gm/t Pt+Pd

The intersections represent at least two separate PGM bearing horizons that have
been traced so far for several hundred metres and remain open both at depth and
along strike. In view of the broad widths, apparent continuity and low sulphide
content Eurasia is targeting an open pit scenario with concentration by
flotation to produce a marketable high grade concentrate.

This zone of mineralisation has been targeted for further drilling n 2007, both
to seek extensions on strike and to confirm internal continuity and investigate
possible repetition.

Anglo Platinum, the world's largest platinum producer, is funding the first
US$10 million of exploration spending in return for a 40% stake in the joint
venture - expected to underpin operations until at least the end of 2008.
Eurasia holds the remaining 60% stake in the joint venture.



The results from the drilling are as follows:



Hole No.         From (m)         To (m)        Width (m)     Pd+Pt (g/t)    Pd:Pt ratio

UM-39            115.4            120.9            5.5            1.37             2.2
UM-7              83.0             89.7            6.7            1.81             1.9
UM-7             112.7            128.0           15.3            2.20             1.6
MT-11             19.1             26.0            6.9            2.40             1.4
MT-11             53.6             64.7           11.1            2.54             1.7
MT-11             77.7             80.3            2.6            1.15             2.4
MT-5              54.7             56.3            1.6            1.44             2.3
MT-5              62.5             67.5            5.0            1.06             2.2
MT-6              43.7             61.7           18.0            1.66             2.4
MT-15            164.8            181.6           16.8            0.88             1.7
MT-15            205.3            211.3            6.0            1.12             2.3
UM-9              38.2             40.7            2.5            2.19             1.0
UM-9              46.6             67.9           21.3            1.92             1.4
MT-12            116.9            118.0            1.1            1.83             1.3
MT-12            121.0            142.1           21.1            1.06             1.6
MT-14            163.5            174.8           11.3            2.93             1.3




Consent for release

Christian Schaffalitzky, FIMMM, PGeo, CEng, is a director of the Company. He has
reviewed the update and consents to the inclusion of the exploration information
in the form and context in which it appears here. He is a Competent Person for
the reporting of these results.


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]






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