Placing

Eurasia Mining PLC
13 August 2003


for immediate release

                                  EURASIA MINING PLC

                                       Placing


Eurasia Mining plc is pleased to announce that it has raised £232,500 before
expenses by way of a placing of 4,650,000 new Ordinary Shares of 5p each at 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 the 18th August 2003.  The
shares will rank pari passu with existing shares in issue. The monies raised
will be used by the company in connection with the proposed acquisition of new
platinum projects as indicated in our recent interim report, and for working
capital purposes.

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. As part of the placing, Managing Director Christian Schaffalitzky
acquired 400,000 ordinary shares, increasing his holding to 1,467,000 shares,
representing 2.4 percent of the company's enlarged issued share capital. Another
director Gary Fitzgerald acquired 400,000 ordinary shares, increasing his
holding to 855,000 shares, representing 1.4 percent of the company's enlarged
issued share capital.

Simultaneously to the share placing, Framlington Russian Investment Fund
('FRIF') is converting US$158,968.03 (£99,169.08)of loan stock into 1,983,382
new Ordinary Shares at the placing price.  Following this conversion, FRIF
maintains its 29.9% shareholding position, and of its loan stock US$266,273.41
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 conversion is 62,156,049.


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