Issue of Equity

Eurasia Mining PLC
02 March 2006





                               EURASIA MINING PLC
                          (the 'Company' or 'Eurasia')

              Issue of Unsecured Convertible Redeemable Loan Notes

Eurasia announces the completion of £700,000 financing by way of a successful
placing of Series A Unsecured Convertible Redeemable Loan Notes of £10,000 each
(the 'Loan Notes')

The financing is being used principally to complete the acquisition of the three
major Platinum projects in Kola, which have been acquired under a joint venture
agreement with Anglo Platinum Limited ('Anglo Platinum') and also for working
capital purposes.

Eurasia is now working in two regions containing several platinum projects in
Russia which are currently funded by its joint venture partner Anglo Platinum.
In Kola, drilling will commence within eight to ten weeks, following processing
of a large batch of samples obtained in 2005 from which results are expected
shortly.  In the Urals, drilling work continues on which results will also be
released shortly.

Loan Notes

Of the total amount raised management and staff of Eurasia have subscribed for
Loan Notes amounting to £220,000 and accordingly the following interests in the
Company must be disclosed:

                   Shares            Options           Warrants          Convertible        Convertible
                                                                         Loan Notes         Loan Notes
                                                                                            (Share Equivalent)

G C Fitzgerald     1,197,857         225,000           1,035,714         £50,000            1,000,000
M P Martineau      915,928           700,000           1,017,857         £50,000            1,000,000
C Schaffalitzky    1,838,428         1,200,000         1,067,857         £50,000            1,000,000



The terms of the Loan Notes are as follows:

•         at any time until 31 March 2008 the Loan Notes may be converted, at
the election of the holder, into ordinary shares in the Company at a price of 5p
per share;

•         interest will accrue on the Loan Notes at a rate of 8%, payable
quarterly in arrears on 31 March, 30 June, 30 September and 31 December.
Interest can be paid in cash or shares (such shares will be issued at a price of
either 5p per share or the current market price per share, whichever is
greater);

•         the holder of each Loan Note will also be issued with 200,000 warrants
to purchase ordinary shares in the Company at a price of 5 pence per share at
any time until 28 February 2008;

•         at any time from 31 July 2007 until 31 March 2008 the Company may
redeem the Loan Notes by repaying the principal amount, any interest accrued and
two additional quarterly interest payments (the 'Redemption Payment'). This
Redemption Payment can also be paid in any combination of cash or shares at 5
pence per share, at the holder's request; and

•         if at any time before 31 March 2008 the Company becomes the subject of
a successful or agreed takeover, the holder of the Loan Notes shall have the
right to convert the principal and any accrued interest on the Loan Notes into
ordinary shares in the Company at a price of 5 pence per share.

The Loan Notes will be not be admitted to trading on AIM.

Financial Adviser

The Company is pleased to announce that Loeb Aron & Company ('Loeb Aron') have
been retained as Financial Advisers to the Company and that they have arranged
and placed the above-mentioned Loan Notes.  Loeb Aron will continue to assist
the Company with further capital raising, project acquisitions, promotion and
corporate development.

For further information contact:

Michael Martineau          Eurasia Mining PLC                     [phone]
Christian Schaffalitzky
Michael de Villiers

Laurie Beevers             W H Ireland                            [phone]

Allan Piper                First City Financial Public Relations  [phone]
                                                                  [phone]



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