Drilling report

Eurasia Mining PLC 13 December 2002 Eurasia Mining plc is pleased to announce more positive results from drilling on its palladium-gold Kluevsky project in the Russian Urals. In line with results from earlier drilling, announced last month, the new holes encountered ore grades that confirm the potential of the project. The new results come from the final two holes in Eurasia's latest drilling programme, KL17 and KL18. Results from KL18 are among the best obtained so far at Kluevsky. Eurasia's Director of Operations, Mr Bill Anderson, said: 'The recent drilling has greatly enhanced our geological knowledge of the Kluevsky play and gives more encouragement that we can identify areas suitable for open-pit mining. Excellent grades encountered by hole KL18, south of the main target, considerably enlarge the area of potential commercial exploitation.' As with the earlier results, the latest ore grades are similar to those commercially exploited by open-pit mining in parts of Eastern Canada. KL17, located towards the western end of the target area, intersected six zones of at least 1 gram/tonne (g/t), including one intersection of 4.25 metres that returned 1.68 g/t. The results tie in closely with those announced last month from KL13, KL14 and KL16. KL 18 intersected 6.2 metres assaying 2.76 g/t of platinum group metals and gold, including a 1.5-metre section of 8.89 g/t. Hole Intersection depth Thickness Palladium Gold Pd+Pt+Au (metres) (metres) (g/t) (g/t) ( g/t) KL 17 31.2 12.3 1.01 0.12 1.15 39.25 4.25 1.47 0.12 1.68 45.2 2.8 0.83 0.14 1.00 79.5 7.3 0.94 0.27 1.02 97.3 3.2 0.93 0.48 1.02 103.3 2.2 1.23 0.50 1.32 110.0 1.5 0.93 0.44 1.04 KL 18 97.3 6.2 2.43 0.28 2.76 98.8 1.5 7.76 1.02 8.89 For further information contact: Michael Martineau/Christian Schaffalitzky, Eurasia Mining PLC: +44 (0) 20 7976 1222 Laurie Beevers, W H Ireland: +44 (0) 161 819 8724 Allan Piper, First City Financial Public Relations: +44 (0) 20 7436 7486 +44 (0) 7050 203 304 This information is provided by RNS The company news service from the London Stock Exchange