Appointment

Eurasia Mining PLC 8 December 2000 FOR IMMEDIATE RELEASE EURASIA MINING PLC ('THE COMPANY') MICHAEL MARTINEAU JOINS EURASIA MINING'S BOARD The Board of Eurasia Mining PLC is delighted to announce that Dr Michael Peter Martineau, (56) MA, D Phil, FIMM, has agreed to join the board of the Company as a Non-Executive Director. John Mitchell, Chairman of Eurasia Mining, says 'Michael Martineau brings immense experience of the mining world to the Company. He has had a distinguished career on the major mining continents of Africa, Australia, Europe and North America. He has valuable experience on the boards of large and small public mining companies and a proven record on enhancement of shareholder value.' Dr Martineau said, 'Eurasia's recent exploration and assessment activity should soon reap its just rewards in the historically important Urals Platinum Belt. The potential is impressive, the political and economic background of Russia improving and the outlook for platinum group metals remains robust.' Michael Martineau has a First Class Honours degree and a Doctorate in Geology from Oxford University and has spent 30 years in the mining and minerals industry. He was in charge of global exploration for BP Minerals International later becoming Exploration Director of its Australian listed subsidiary, Seltrust. In 1987 he joined Cluff Resources PLC, as Director Minerals and Managing Director of Cluff Mineral Exploration Limited. In 1989 he founded Samax Resources, which he listed on the Toronto Exchange in 1996 and which was acquired by Ashanti Goldfields in 1998 for US$140 million. He was appointed a Non-Executive Director of Ashanti Goldfields Co. Ltd in 2000. The names of all the companies of which Michael Peter Martineau has been a director or partner at any time in the past five years are set out below: Current Past Ashanti Goldfields Company Limited Phoenix Management Services Limited Angus & Ross Plc Samax Plc Carpathian Gold Limited Hamerton Limited Axmin Limited Claremont Resources Limited Samax Resources Limited Samax Gold Inc Royrock Resources Inc Michael Peter Martineau has not had any unspent convictions, has not been declared bankrupt or been the subject of any individual voluntary arrangement. There has been no public criticism of Michael Peter Martineau by any statutory or regulatory authority and he has not been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company. He has not been a partner of any partnerships at the time or within 12 months preceding its compulsory liquidation, administration or partnership voluntary arrangement. Michael Peter Martineau was a director of Leeds Mineral Services, a private engineering consultancy company, which was placed into voluntary receivership within the 12 months after he ceased to be a director. 8 December 2000 Listing: Alternative Investment Market, London Stock Exchange Code: EUA Web Site: www.eurasia-mining.plc.uk Email: info@eurasia-mining.plc.uk For further information please contact: Andrew Counsell, Managing Director Tel: +44 20 7976 1222 Paddy Manning, The Paddy Manning Company Tel: +44 20 7930 0777
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