Drilling Results

Eurasia Mining PLC
10 October 2000


* BARONSKOYE DRILLING SUCCESSFULLY COMPLETED

* DRILLING BEGINS AT SOLOVIEV HILL

* PROGRESS ON AMPLATS JOINT VENTURE



* The initial drilling programme at Baronskoye has been successfully
completed. On receipt of all assays from the Canadian laboratory a full
assessment of the programme will be completed from which the next campaign at
Baronskoye will be planned.

* The company's own multi-purpose drilling rig has now been relocated to the
second of the Eurasia platinum targets at Soloviev Hill where the layered
dunite ultramafic complex is already established as a significant source of
platinum.  

* The third phase of Eurasia's year 2000 exploration activities is the joint
venture with Amplats on the significant platinum alluvials and tailings in the
region. Considerable progress has been achieved and the next stage is
currently being reviewed.

The internationally recognised, high-grade placer field in the Vissim District
of the Central Urals, surrounding Soloviev Hill, yielded in excess of 160
tonnes of platinum from placer mining during the 19th Century. Indeed several
bonanza grade hard rock occurrences were also mined at Soloviev Hill
particularly at the Godspodskaya mine in the North West of the Soloviev Hill
licence area where several tonnes of platinum were won from a small chromite
pipe.

The mineralisation at Soloviev Hill comprises coarse-grained ferro-platinum
with chromite. Due to its course grain size both gravity and magnetic methods
readily and easily recover the platinum.  This characteristic lends itself to
low capital and operating costs over a range of plant size options.

Eurasia's work at Soloviev Hill has to date consisted of surface mapping and
sampling, magnetometer surveys and drilling.  This work has identified a
prospective bulk mineable, low grade platinum resource at Alexandrinskoye in
the south of the Production Licence area.  A potential new ore zone has been
identified 30 metres to the south of Alexandrinskoye (composite sample grade
from outcrop sampling 6.13g/t platinum).  Drilling has also intersected
extentions to the Winze M-441 Chromite Pipe, at Krutoi Log/1.0 metre @ 23.8g/t
platinum).

Significantly, surface mapping has also recently confirmed, in the southern
portion of the Vissim Exploration Licence Area, extensive occurrences of the
similar rock units which host the Baronskoye deposit.


The objective of the next phase of drilling is for mineable ore reserves by
shallow holes at Alexandrinskoye and Alexandrinskoye South.  Deeper drilling
is planned later at Krutoi Log.  The scope to drill for additional Baronskoye
type palladium-gold targets will be determined based on the outcomes of
recently completed geochemical sampling.

At Soloviev Hill Eurasia has a 59% interest in its Russian subsidiary OAO
Chromite which holds in the production licence covering the core of the
platiniferous chromite mineralisation.  The company additionally holds a 75%
interest in the large (157 square kilometre) area surrounding Soloviev Hill,
known as the Vissim Exploration Licence Area.

Mr Andrew Counsell said 'We look forward with optimism to reviewing the
remaining Baronskoye drilling results and successfully completing our three
phase exploration programme for this year.'


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]



9 October, 2000


14-16 Regent Street. LONDON SW1Y 4PH
TEL: + 44 20 7976 1222  FAX: + 44 20 7976 1422
E-MAIL:  [e-mail]
HEAD OFFICE AND REGISTERED OFFICE COMPANY NUMBER:  3010091