Issue of share options

Eurasia Mining PLC 04 November 2002 for immediate release EURASIA MINING PLC ('Company') Issue of share options The Company announces that today it approved granting share options to directors and key members of staff under the Company's share option scheme, following the recommendation of the Remuneration Committee: Options over 850,000 shares exercisable at 10p were issued to the following directors as follows: John Mitchell (Chairman) - 50,000 Dr Michael Martineau (Executive Deputy Chairman) - 100,000 Charles Hutson (Director) - 50,000 William Anderson (Director Operations) - 150,000 Christian Schaffalitzky (Managing Director) was granted 500,000 at an average exercise of 10.8p. Exercisable in the following tranches: 150,000 at 8p, 150,000 at 12p, 200,000 at 18p. Under the same share option scheme, a total of 250,000 options have also been granted to members of the Company's staff at an average exercise price of 10p. Exercisable in the following tranches: 100,000 at 8p, 50,000 at 10p, and 100,000 at 12p. The newly issued options are exercisable at any time up to 4 November 2012. The total number of share options in issue rises from 3,160,000 to 4,260,000 representing approximately 9 per cent of the total number of shares in issue. The issue of the new options to Christian Schaffalitzky represents part of the remuneration and incentive package agreed on his joining the Company as Managing Director in October 2002. 4 November 2002 For further information contact: Michael Martineau, Executive Deputy Chairman, Eurasia Mining plc: +44 (0) 20 7976 1222 Allan Piper, First City Financial Public Relations: +44 (0) 20 7436 7486 Laurie Beevers, WH Ireland: +44 ()) 161 819 8724 This information is provided by RNS The company news service from the London Stock Exchange