Issue of Equity

Eurasia Mining PLC
25 February 2005


                              EURASIA MINING PLC

                                    PLACING


Eurasia Mining plc ('the Company') is pleased to announce that it has raised
£937,500 before expenses by way of a placing of 18,750,000 new Ordinary Shares
of 5p each at 5p per share.  Application has been 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 3 March 2005.
The shares will rank pari passu with the existing shares in issue.  The total
number of shares in issue following the placing is 103,761,717.



For every four Ordinary Shares subscribed for in the placing, the placees are to
receive one warrant to subscribe for Ordinary Shares at a price of 6p per share
('the Warrants'). The Warrants are unlisted, non-transferable and will expire on
3 March 2006.  As a result of the placing, the Company will have 9,348,214
warrants in issue.



The funding was completed principally to provide finance for the development of
the Kola Project in north-western Russia, as well as for new project
opportunities and ongoing working capital.



As required by sections 324 to 328 of the Companies Act 1985 and Rule 15(a) of
the Alternative Investment Market, the following information falls to be
disclosed.  As part of the placing, Managing Director Christian Schaffalitzky
acquired 200,000 Ordinary Shares, increasing his holding to 1,838,428 shares,
representing 1.77 per cent. of the Company's enlarged issued share capital.  Mr.
Schaffalitzky has also been granted 50,000 Warrants and is now interested in a
total of 67,857 warrants to subscribe for Ordinary Shares in the share capital
of the Company.



The placing was undertaken by W. H. Ireland Limited, the Company's nominated
adviser and broker, and Equest Partners Limited ('Equest') acted as placing
agent.  Equest will be granted 1,000,000 Warrants in respect of their role in
the placing.



The following information relating to significant shareholdings also falls to be
disclosed:
                                
                                                                                                             
                                 Number of shares                       Percentage of
                                acquired under the                      enlarged issued
                                     Placing           Resultant        share capital     No. of warrants
                                                       shareholding                              held
Shareholder
Firebird Global Master Fund          3,000,000          12,507,428           12.05            3,126,857
Brewin Nominees (Channel             5,200,000          5,200,000             5.01            1,300,000
Islands) Ltd.


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
            The company news service from the London Stock Exchange