Issue of Equity

Eurasia Mining PLC
04 May 2006

                                                                      4 May 2006

For immediate release



                               EURASIA MINING PLC



   Allotment of Shares and Exercise of Convertible Redeemable Loan Notes 2008



Eurasia Mining plc (the 'Company') announces that on 28 April 2006 it approved
the allotment of 10,000,000 ordinary shares of 5p each in the share capital of
the Company ('Consideration Shares') to Audley Properties Limited pursuant to
the terms of the sale and purchase agreement dated 3 February 2006 (the 
'Agreement'). The issue of the Consideration Shares, along with a payment of
US$1,500,000, which was paid in two instalments on 14 February 2006 and 24
February 2006 represents all the consideration due under the Agreement for the
acquisition of the entire issued share capitals of Yuksporskaya Mining Company
and Terskaya Mining Company (the holders of the three exploration licences,
Volchetundra, Monchetundra and West Imandra in the Murmansk Region of northwest
Russia and which have been referred to in earlier announcements as the Kola
interests).



The Company also announces that on 28 April 2006 it allotted 750,000 ordinary
shares of 5p each in the share capital of the Company ('Arrangement Shares') to
Equest Partners Limited pursuant to the terms of engagement agreed on 5
September 2005 under which Equest Partners Limited agree to facilitate and
manage the completion of the Agreement ('the 'Arrangement').  The issue of the
Arrangement Shares represents all the consideration due under the Arrangement.



Finally the Company announces that on 28 April 2006 Norman Terret, a holder of
an Unsecured Convertible Redeemable Loan Note (the 'Loan Note') elected to
convert 1 Loan Note (a principal amount of £10,000) into 200,000 ordinary shares
in the share capital of the Company at a price of 5p per ordinary share (the 
'Loan Note Shares').



Application will be made for the Consideration Shares, Arrangement Shares and
Loan Note Shares (the 'New Ordinary Shares') to be admitted to AIM and they are
expected to be admitted to trading on AIM on 10 May 2006.



The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 123,111,717 ordinary shares of which Audley Properties
Limited will hold 8.1%.





For further information contact:

Christian Schaffalitzky, Eurasia Mining plc      Tel:  [phone]
David Youngman, W.H. Ireland Ltd.                Tel:  [phone]




                      This information is provided by RNS
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