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: +44 (0) 20 7976 1222 Laurie Beevers, W H Ireland: +44 (0) 161 819 8724 Andrew Scade, Grant Thornton: +44 (0) 870 991 2400 This information is provided by RNS The company news service from the London Stock Exchange