Issue of Equity

Eurasia Mining PLC
21 August 2003

                              Eurasia Mining plc

                                   Placing

Eurasia Mining plc is pleased to announce that yesterday it raised £230,000
before expenses by way of a placing of 4,600,000 new Ordinary Shares of 5p each
at 5p each. This placing is in addition to the placing announced on the 13th
August last. Application will be made for the new Ordinary Shares to be admitted
to trading on the Alternative Investment Market of the London Stock Exchange and
dealings are expected to commence on the 11th September 2003.  The shares will
rank pari passu with existing shares in issue. The extra funds raised by the new
placing will add further to Eurasia's working capital, and will allow for
additional exploration work in the central Urals, where Eurasia announced new
platinum results in July from three prospects on its Baranchinsky licence area.

Simultaneously to the share placing, Framlington Russian Investment Fund
('FRIF') is converting US$155,492.80 (£98,102.71) of loan stock into 1,962,054
new Ordinary Shares at the placing price.  Following this conversion, FRIF
maintains its 29.9% shareholding position, and of its loan stock US$123,220.04
remains outstanding, and convertible or otherwise repayable in accordance with
terms previously announced. The total number of shares in issue in Eurasia
following the placing and conversion is 68,718,103.

21 August 2003

For further information contact:

Christian Schaffalitzky, Eurasia Mining PLC:  [phone]
Paul Dudley, W H Ireland:                     [phone]
Andrew Scade, Grant Thornton:                 [phone]





                      This information is provided by RNS
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