Issue of Equity

Eurasia Mining PLC
19 May 2003

                Eurasia Mining plc ('Eurasia' or the 'Company')

                                    Placing

Eurasia Mining plc is pleased to announce that it has raised £145,000 before
expenses by way of a placing of 2,636,364 new Ordinary Shares of 5p each at 5.5p
each today.  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 23 May 2003.  The shares will
rank pari passu with existing shares in issue.

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.  The director named below has not previously held an interest in the
shares in the company has subscribed for shares in this placing. Gary Fitzgerald
acquired 455,000 ordinary shares, which represents 0.8 per cent of the company's
issued share capital.

Simultaneously to the share placing, Framlington Russian Investment Fund 
('FRIF') is converting US$92,177.31 (£56,899.57) of loan stock into 1,124,497
new Ordinary Shares at the placing price.  Following this conversion, FRIF
maintains its 29.9% shareholding position, and of its loan stock US$412,524
remains outstanding, and convertible or otherwise repayable in accordance with
terms previously announced. The total number of shares in issue in Eurasia
following the placing and conversation is 55,522,667.


For further information contact:

Christian Schaffalitzky, Eurasia Mining PLC:  [phone]
Laurie Beevers, W H Ireland:                  [phone]
Andrew Scade, Grant Thornton:                 [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange