Alliance with AngloGold

Eurasia Mining PLC 18 April 2005 Eurasia Mining plc ('Eurasia' or 'The Company') has agreed to an exploration alliance with AngloGold Ashanti, the world's number two gold producer. It covers gold and related mineral exploration and possible development projects in eastern Siberia. Eurasia Managing Director Christian Schaffalitzky said: 'This is a milestone agreement that combines our exploration management skills in the region with AngloGold Ashanti's resources and carries us into early stage projects that would otherwise be beyond our reach financially. We look forward to early success.' The new agreement gives AngloGold Ashanti the exclusive right to participate in early stage projects proposed by Eurasia, which has been appraising potential prospects for about 18 months in conjunction with local companies and government agencies. Work has now reached the stage where Eurasia is ready to move forward. AngloGold Ashanti will pay an entry fee of $100,000 in recognition of Eurasia's past costs, and fund the first $2 million of exploration spending. Subsequent spending will be shared equally. AngloGold Ashanti will also have the right to purchase an additional 25% share from Eurasia following completion of any bankable feasibility study, when it can also take over as operator. Richard Duffy, Executive Officer Business Development for AngloGold Ashanti, comments 'This move is consistent with our strategy of investing in this prospective gold region through collaboration with companies with sound local experience, and confirms our confidence in the long-term future of the Russian gold mining industry. We are very pleased to be associated with Eurasia Mining as part of this strategy.' For further information contact: Michael Martineau/Christian Schaffalitzky, Eurasia Mining plc: +44 (0) 207976 1222 Michael Devilliers, Eurasia Mining plc: +44 (0) 7899 917 096 Laurie Beevers, W H Ireland: +44 (0) 161 819 8724 Allan Piper, First City Financial Public Relations: +44 (0) 20 7436 7486 +44 (0) 7736 064 982 Gordon Wylie, AngloGold Ashanti Ltd +27 (0) 11 637 6196 Nick Fox, AngloGold Ashanti Ltd +27 (0) 11 637 6473 This information is provided by RNS The company news service from the London Stock Exchange