Option to acquire licences

Eurasia Mining PLC
22 April 2005


                         Eurasia Mining Plc (the 'Company')
          acquires option over substantial platinum group metals licences

The Company is pleased to announce that on 4 April 2005 it entered into an
exclusive option agreement with Optium Investments Limited to acquire the
exploration licences for the Volchetundra, Monchetundra and West Imandra
Platinum Projects in the Murmansk Region of North West Russia (the 'Licences')
(together the 'Option') .

Under the terms of the Option the consideration for the purchase of the Licenses
is US$3,000,000 and the issue of 10,000,000 ordinary shares of 5p each in the
Company.

The Company believes that acquisition of the Licences would add significant
mineral assets to the Company's exploration portfolio and may also lead to
further joint ventures with suitable partners. The Company is examining a number
of alternatives for funding the acquisition of the Licences, either alone or in
partnership with third parties. If the Option is exercised before the deadline
the Company hopes to begin a drilling programme as soon as the Licences are
fully transferred. This option may be exercised up to midnight 16 May 2005,
which may be extended by mutual agreement.

As previously announced, the Company has been working for the past two years to
acquire an interest in the ground covered by the Licences and together with the
Central Kola Expedition (CKE) has conducted field mapping, trenching and a
review of prior work including drilling and extensive sampling. Exploration
results on the areas covered by the Licences have been very encouraging; with
drill core and trench bedrock samples assaying over 1 gram per tonne (g/t) of
platinum in all Licence areas and higher grade results of up to 12 g/t platinum.
Palladium grades of economic interest accompany these platinum values. The
Licences cover several tens of kilometres of favourable horizons for the
occurence of Platinum Group Metals (PGMs).

The areas covered by the Licences are located within the Kola region of Russia.
The Kola region has a long history of mining and metal refining, principally of
nickel and copper with PGMs as by-product. In 1996 PGM mineralization was
discovered in associated ultramafic and mafic intrusive complexes which extend
over several hundred kilometres. Exploration has only been carried out in recent
years but with increasingly favourable results. Already Barrick Gold and
Consolidated Puma Minerals Corporation, Canadian companies, are carrying out
advanced exploration and feasibility studies on deposits along strike from the
Licences. GoldFields Limited is completing feasibility studies on deposits in
similar rocks across the border in Finland. Ultramafic and mafic intrusions are
the main geological host for PGM mineralization worldwide, including the Norilsk
Complex of Russia and the Bushveld Complex of South Africa.

Of the three areas covered by the Licences, the most advanced area is
Monchetundra, located close to the city of Monchegorsk. Here drilling in 21
holes spaced 400 to 2,500 metres apart, has identified four platinum bearing
horizons with different characteristics. Two are palladium rich while the other
two carry higher platinum grades and Platinum to Palladium ratios. Results
include intersections of 3.58 to 38.78 g/t combined platinum and palladium, with
the high grades over widths of 0.4 to 2.8 metres. Lower grade intersections at
some points overlap and extend beyond them - for example 35.9 metres and 13.4
metres of 1.94 g/t and 2.2 g/t of combined platinum and palladium, respectively.
The drilling work completed to date allows the Company to plan a detailed
drilling program to confirm continuity along strike and down dip. There is good
evidence for these zones to be continuous, except in an area where faulting has
disrupted the geology and the mineralization is already established through the
drilling to extend over several kilometres.The Company new drilling program is
planned to commence in early summer.

In the area of Volchetundra covered by the Licence, trenching work has
identified grades of 0.7 (g/t) of platinum group metals over a thickness of 10
metres and 4.7g/t of platinum, 4.6g/t of palladium and 2g/t of gold over a
thickness of 2.6 metres. The Licence covers a major intrusion with a strike
length of 40 kilometres. The till sampling (a technique applied in glaciated
terrain such as this area), has detected extensive platinum anomalies along the
continuation of the same horizon. Drilling is planned to commence as soon as the
option is exercised and a drill rig can be mobilised to site.

The Licence area of West Imandra covers a further large intrusion hosting
important layered units of chromitite towards the base and magnetite with
anorthosite towards the top, both often associated with PGM mineralization. A
drill hole on one of the chromitite units assayed 1g/t platinum. A recent trench
on one of the anorthosite horizons gave 2.94g/t of PGMs over a 1 metre-thick
zone. These horizons are known to extend over several tens of kilometres but the
geology and the extent of the contained PGM mineralization is, as yet, not well
defined.

The Company will be using the services of the Central Kola Expedition as the
main contractor for exploration work.

Christian Schaffalitzky, Chief Executive Officer of the Company said: 'This is
the second important announcement that our company has made this week, and it
illustrates the major progress that we have made in Russia over the past two
years. Although I am well aware that the past period has been frustrating for
our shareholders, exacerbated by the paucity of information that it has been
necessary to maintain for competitive reasons, it illustrates how important
patience and persistence is in the context of this vast and well mineralized
country and the significance of the position that Eurasia has established 
there.'

For further information contact:

Michael Martineau/Christian Schaffalitzky, 
Eurasia Mining PLC:                                      [phone]
Laurie Beevers, W H Ireland:                             [phone]
Allan Piper, First City Financial Public Relations:      [phone]
                                                         [phone]



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