Drilling start at West Kytlim

Eurasia Mining PLC 14 April 2003 Eurasia Mining PLC is pleased to announce the commencement of drilling on the Tylai-Kosvinsky license area at West Kytlim in the Russian Urals. It marks the start of an accelerated work programme for 2003 which could lead to pilot production of platinum by the end of the year, and commercial production in 2004. The work is being undertaken jointly with Anglo Platinum, the world's largest platinum producer, which is currently providing 100% of funding through to the completion of feasibility studies. The 251 square-kilometer license area lies within the Kytlim Platinum District, where historic hand-mining operations are estimated to have recovered more than 50 tonnes of platinum. The new drilling programme is expected to involve the concurrent use of up to four drilling rigs, and will aim to assess resource grades within alluvial targets. Early targets will include high terraces and channels on the Tylai and Sosnovka rivers. Drilling during the summer months will be directed at buried terraces and channels on the Kosva River and in the Lobvinka area, as well as at targets in limestone adjacent to the Tylai River. The Tylai-Kosvinsky license was awarded to ZAO 'Kosvinsky Kamen', of which Eurasia controls 75% on behalf of Eurasia and Anglo Platinum, in December 2002 after a protracted period of negotiation. Eurasia first identified the area in 2000 as the prime target for the initiation of its alluvial platinum programmes. Results obtained to date at West Kytlim are of an order of magnitude better than those obtained in exploration on Eurasia's other Urals alluvial projects. Pit sampling has returned excellent results from un-mined river terraces of the Tylai and Sosnovka rivers, with grades of up to 1,500 mg/m3. Good grades have also been obtained from dredge tailings left by historic mining operations on the Tylai River. Eurasia will also test various metallurgical options for optimum platinum recovery. 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