Company Information for Eurasia Mining Plc

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Company Statement

Eurasia Mining Plc is an international mineral exploration company, listed on the Alternative Investment Market (AIM), currently operating in Russia.

Eurasia's stated objective is to explore for the platinum group of metals (PGMs) and gold through self-funded own exploration targets and joint venture partnerships with strategic operators and local partners. Operations are funded from the company's own equity funds and funded joint venture agreements. Projects are subject to an initial evaluation for viability and once this is established further exploration work is carried out to establish feasibility study level. It is then the company's intention to either proceed with developing the project to production or partnering the project with a suitable operator.

Current Operations

In conjunction with working on current projects, the company has sought and assessed advanced precious metal projects in Russia and is continually assessing both Platinum Group Metals and Gold.

The company is targeting projects where discoveries have been made but where the size and potential has not been estimated. These latter projects are of interest because with modest exploration investment considerable value can be added quickly.

In addition to the three areas below, considerable efforts are targeting the acquisition of more advanced gold projects in Russia.

Kola Peninsula, NW Russia
In Northwest Russia, three PGM projects were acquired in April 2006 on the Kola Peninsula and form part of the joint venture agreement with Anglo Platinum. Eurasia believes that the region, where some important new discoveries have been made over the past five years, could become an important PGM producer over the coming decade.

The three licence areas are held by two companies which are owned 80% by Urals Alluvial Platinum Limited ("UAP"), a 50:50 company between Anglo Platinum Limited and Eurasia. The remaining 20% is owned by Eurasia.

Urals Bedrock, Central Russia
Further encouraging palladium and gold results have been obtained from continued drilling at Kluevsky on the 350 square kilometres Baronskoye/ Baranchinsky licences in the Central Urals. Drilling has tested the central section of a 1.5-kilometre long surface geochemical anomaly and targeted the definition of an open-pit resource of platinum group metals and gold.

Results to date have shown ore grades similar to those that have formed the basis for large scale open pit mining in parts of Eastern Canada, where reserves grading 1.5g/t palladium are exploited. The best results included intersections of 5.4 metres (m) assaying 2.64g/t of platinum group metals and gold in Hole K13 and 6.2 metres assaying 2.76 g/t (including a 1.5-metre section of 8.89 g/t) in KL18.

The discovery of palladium-gold mineralization at Baronskoye represented the first of its type identified in the Urals and therefore progress is of necessity slow due to the requirement to carefully analyse and interpret outcomes of each completed programme to plan the next stage of work within the very large licence areas.

Urals Alluvial, Central Russia
An alluvial platinum programme in the Urals is being worked in joint venture with Anglo Platinum. Anglo is earning a 50% interest in the joint venture by funding 100% of costs up to the completion of a Feasibility Study.

Initial work will focus on drilling and trenching to assess the extent and grade of platinum within metal bearing sediments in two river systems running through the 251-square kilometre licence. Both systems - the Tylai and the Kosva - include river terraces potentially containing un-mined platinum-bearing sediments, as well as 'tailings' of earlier mining operations which can be reworked to recover residual platinum using modern processing technologies.

Following the completion of detailed drilling and pitting on the Bolshoya Sosnovka area, the company is preparing to submit a reserve report to the authorities for approval. This is the first step in seeking to convert the licence from exploration to mining.

Geographical Spread

Russia - East, Urals and Kola

Board of Directors and Key Management

Major Shareholders

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