Joint Venture

Eurasia Mining PLC
15 December 2000


ANGLO PLATINUM STEPS UP INVESTMENT IN JOINT VENTURE WITH EURASIA MINING

Eurasia Mining PLC ('Eurasia') advises that their joint venture with Anglo
American Platinum Corporation Limited ('Anglo Platinum') will substantially
increase the work programme for the year 2001 with Anglo Platinum committing a
further US$500,000 to fully fund the work on platinum alluvials and tailings
deposits in the Urals.

This decision follows a successful work programme over the past fifteen months
including the development of conceptual exploration models for large-scale
commercial platinum occurrences in the Urals. Despite the well-established
endowment of the region, which has historically produced in excess of 14
million ounces of platinum, this project is the first of its nature undertaken
by western companies.

Field work during the Summer and Autumn this year has clearly highlighted the
potential for the discovery of resources of sufficient dimension to underpin
full-scale platinum production from alluvials and tailings occurrences.

The objective of the 2001 programme will be the definition of sufficient
resources.  Work is expected to include churn drilling, trenching and pitting
supported by completion of detailed air photo interpretation with seismic
and/or resistivity surveys for hole depth definition. Other pre-feasibility
work will include metallurgical recovery test work, capital equipment
procurement, and an assessment of refining and sales options.

Anglo Platinum is the world's leading primary producer of platinum and the
extension of the agreement endorses Eurasia's significant investment in the
highly prospective Urals Platinum Belt.

Mr Andrew Counsell, Eurasia's Managing Director, said 'We are delighted that
Anglo Platinum has agreed to increase the scale of the Joint Venture and their
technical expertise and financial contribution is warmly welcomed. We hope
that this stage will lead to a long term substantial mining operation whose
preliminary indicative economics, based on other alluvial operations, suggest
cash operating costs of less than US$100 per ounce of platinum.'


Listing:           Alternative Investment Market, London Stock Exchange
Code:              EUA
Web Site:          www.eurasia-mining.plc.uk
Email:             [e-mail]
For further information please contact:

Andrew Counsell, Managing Director             Tel:   [phone]       
Paddy Manning, The Paddy Manning Company       Tel:   [phone]