Re Directorate/Issue ofEquity

Eurasia Mining PLC
17 May 2001

EURASIA MINING PLC STRENGTHENS BOARD,

ADVANCES PROSPECTS AND RAISES £400,000 FOR NEW PROJECTS



Eurasia Mining PLC ('Eurasia') is pleased to announce the appointment of
William (Bill) Bernard Anderson as Director of Operations for the Company.
Mr. Anderson will report to the Deputy Chairman, Dr. Martineau, and will
assume responsibility for the acceleration of the Company's exploration and
development activities and for the acquisition of new projects.  Bill Anderson
joined Eurasia in 1997 and has been responsible for the development of its
alluvials and hard rock platinum and palladium projects in Russia.



Dr. Martineau said, 'Bill Anderson, a geologist by training, has an
outstanding record of ore-body discovery, mine development and general
management.  During his 21 years with WMC Resources, he rose from Chief
Geologist at Hill 50 Gold Mines and the Emperor Gold Mines in Fiji to occupy
the post of General Manager at Emperor and subsequently Kalgoorlie Gold
Operations and Kambalda Nickel Mines, in Western Australia and finally Chief
Executive-Brazil. This wealth of knowledge and experience makes him uniquely
qualified to lead our team in the task of creating shareholder value by
developing Eurasia into a dynamic and successful mining company'.



In order to fund its new and expanded programmes, Eurasia has raised a total
of £405,000 in the placing of 2,250,000 new Ordinary Shares at 18 pence each,
with institutional and private clients of its stockbrokers W H Ireland
Limited, to raise approximately £372,250 net of expenses. As previously
announced in December 2000, under the joint venture arrangements, Anglo Plats
is fully funding Eurasia's US$500,000 current exploration programme for its
Urals platinum alluvials and tailings project.



Eurasia's Executive Deputy Chairman, Dr Michael Martineau, and its Finance
Director, Robert Jenkins, are also participating in the share placing, and are
respectively subscribing for 44,500 and 46,667 new Ordinary Shares. Following
the share placing and the conversion of loan stock referred to below, the
resulting shareholding interests in Eurasia of Dr Martineau and Mr Jenkins are
44,500 (0.13%) and 200,000 (0.60%), respectively.

Coincident with the share placing, Framlington Russian Investment Fund ('FRIF
') is converting US$246,560 (£185,007) of loan stock into 1,027,818 new
Ordinary Shares at the placing price, maintaining its 29.9% shareholding
position.  FRIF has agreed to extend the repayment period of its remaining
US$1,156,377 (£808,655) convertible loan stock by 18 months to 24 October
2002.  At the same time, FRIF has also agreed that it will convert such
balance of its outstanding loan stock on any future share placing so as to
maintain its 29.9% shareholding position at a price equal to a discount of 8%
to such placing place.  It has also been agreed that FRIF will have the right
to utilise the balance of its loan stock as consideration for the exercise of
share options and warrants held by it, in which case such discount will not
apply.

Following the share placing and conversion of loan stock, Eurasia's issued
share capital has increased to 33,366,656 Ordinary Shares.  Application has
been made for admission of the 3,277,818 new Ordinary Shares to trading on the
Alternative Investment Market.  Dealing in the new shares is expected to
commence on 31 May 2001.


Eurasia has made substantial progress on its platinum-palladium projects: -



(S)         At Baronskoye the high-grade palladium gold mineralisation has
been shown to have the form of a consistent structurally controlled late-stage
'hydrothermal' sheet cross-cutting earlier rocks.  Within this a new
intersection in B-13 of 1.4m assaying 6.02 g/t platinum group metals plus gold
at 80 metres depth defines a possible northerly plunging corridor linking with
intersections in B-4 of 2.0m of 7.9 g/t PGM+Au and B-5 of 4.1m of 7.1 g/t
PGM+Au and with thinner or lower grade intersections to the side. The new
interpretation defines a potential underground mining target that will be
tested during drilling scheduled to commence in Spring 2001. A plan,
cross-section and longitudinal section illustrating this is to be added to
Eurasia's web site.



(S)         The lower grade but potentially open pittable disseminated
Kluevsky palladium-gold mineralisation which is up to 100m in width has been
shown to have a unique geophysical signature that will aid in the exploration
of this area and the search for other targets of the same type.  The Kluevsky
setting has been shown to be the same as that hosting the Lac Des Isles
deposit in Canada that contains a reported 72 million tonnes assaying 1.76 g/t
Pd which is being expanded to produce 250,000 ounces a year of palladium.



(S)         An additional 330 sq.km. Exploration Licence has been granted
adjacent to the 35 sq.km. Baronskoye licence discovery area. The award of this
licence is an important strategic advance in the Company's Urals Programme
with the potential to host additional Baronskoye and Kluevsky type deposits.



(S)         Soloviev Hill is the source of 5 million ounces of alluvial
platinum recovered historically from surrounding streams. Isolated +2g/t Pt
intersections in the Year 2000 drilling programme continue to confirm the
extensive occurrence of disseminated platinum in the source area. The
characteristic coarse-grained platinum however occurs in a multitude of
disseminated chromite clusters making drilling an ineffective test for a
bulk-mineable ore target. A re-examination of the grade recorded in historic
Russian pitting and tunnelling in various parts of the hill is being
undertaken to determine whether a low-grade open pittable deposit exists that
would justify a small bulk testing programme to determine the average grade
and metal recovery and feasibility of mining.



(S)         The joint venture over alluvial platinum with Anglo Plats
continues to make good progress.  A winter seismic programme has been
completed successfully over a potentially large target and the results are
currently being assessed.





Listing:             Alternative Investment Market, London Stock Exchange

Code:              EUA

Web Site:            www.eurasia-mining.plc.uk

Email:              [e-mail]

For further information please contact:

Dr. Michael Martineau, Deputy Chairman               Tel:   [phone]

Robert Jenkins, Finance Director                     Tel:   [phone]

Laurie Beevers, W H Ireland Limited                  Tel:   [phone]



                                                                   17 May 2001