Drilling Report

Eurasia Mining PLC
26 March 2007



                               EURASIA MINING PLC

                          ('Eurasia' or the 'Company')


                       DRILLING RESULTS FROM VOLCHETUNDRA


                                   Highlights


Drilling results from Volchetundra with PGM mineralization in three zones in
discovery hole VT-17


  • 44.6 metres at 1.7 g/t of platinum and palladium, and
  • 18.5 metres at 1.9 g/t of platinum and palladium, and
  • 1 metre at 11 g/t of platinum and palladium


Eurasia Mining plc (EUA) is pleased to announce the results of drilling at
Volchetundra on the Kola peninsula, Russia, one of three licence areas held by
the PGM (platinum group metals) joint venture between Eurasia and Anglo
Platinum, of which Eurasia is the Manager.


Commenting on the results, Christian Schaffalitzky, Managing Director of
Eurasia, said: 'We are delighted with these first results from Volchetundra
which reveal a totally new discovery of thick zones of PGM mineralization in a
previously virgin intrusive. We are excited by the opportunity of exploring
around this discovery. We are particularly encouraged by the occurrence of two
types of higher unit value (Pt current price $1,200/ounce = $40 per gm, Pd $320/
ounce = $10/gm), and the upper thick unit being Palladium dominant. Such
differences are typical of major deposits such as the Bushveld or the deposits
under evaluation by Puma and Barrick 70km to the east of Volchetundra.'


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 discovery drillhole (VT-17) on the northern half of the Volchetundra licence
area intersected several zones of PGM mineralisation, the full details of which
can be seen on the company's website www.eurasiamining.co.uk


The shallowest zone extends in depth from 68.35 to 112.95m (intercept of 44.6m)
with an average grade of 1.7 grams per tonne (g/t) platinum and palladium
(Pt+Pd). Within this interval, 27.55m grades 2.2 g/t Pt+Pd. The ratio Pd:Pt
varies from 1.5 to 3:1, as detailed on the table.


A second zone from 144.9 to 163.4m (intercept of 18.5m) grades 1.9 g/t Pt+Pd, of
which 4.4 m grades 3.6g/t Pt+Pd and 7.3 m grades 2.6 g/t. The ratio of Pd:Pt
varies from 0.3 to1.1:1.


A third zone of interest was located at 170.2m, with a 1m section assaying 11g/t
Pt+Pd. The ratio Pd:Pt is 0.8:1.


The platinum and palladium is associated with weak sulphide mineralisation from
1 to 3% within a transitional zone between the Volchetundra ultramafic intrusive
margin represented by feldspathic pyroxenite and norite and the main rocks of
the intrusion represented by leucogabbro. All mineralised intervals are
characterised by irregular coarse-grained and pegmatoidal texture.


The nearest drillholes to VT-17 completed by Eurasia are located along strike
400m to the north and south but it is not evident whether these intersect
corresponding intervals. To the north, VT-18 had three intervals of low grade
(less than 1g/t Pt+Pd). 400m to the south, two drillholes, VT-5/1 and VT-10/1,
also located intervals of low grade (less than 1g/t Pt+Pd).


The VT-17 drillhole was part of a diamond drilling programme conducted at
Volchetundra late in 2006 that totaled approximately 1500 metres, with further
samples awaiting analysis at Mechanobr in St. Petersburg.  The next phase of
drilling is planned to commence during April and May following the thaw.
Systematic drilling near VT-17 will be the first priority but the zone forms
part of the 27km long intrusion being explored in the Volchetundra licence, most
of which had not been drill tested prior to this campaign.


Volchetundra is one of three licences held by the PGM joint venture between
Eurasia and Anglo Platinum in the Kola Peninsula. All three projects are located
near the city of Monchegorsk which has an established mining and mineral
processing infrastructure and a mining history of over 80 years. The joint
venture's three Kola Peninsula licences cover a total of 450 sq km on 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.



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 please 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]


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