Drilling at Baronskoye Palladium Gold Project

Eurasia Mining PLC
27 June 2000


DRILLING REPORT

 DRILLING COMMENCES AT BARONSKOYE PALLADIUM GOLD PROJECT
 ACQUISITION OF FULLY PORTABLE HYDRAULIC DIAMOND DRILL RIG

Eurasia Mining PLC, the AIM listed mining company which owns majority stakes
in palladium, platinum and gold properties in the rich and developed Urals
region of Central Russia, announces that the new drilling programme at the
Baronskoye palladium gold project has commenced. The traverse diamond drilling
programme will be carried out over three months with initially approximately
2000 metres to be drilled. The primary purpose is to determine palladium,
platinum and gold grades and to define an initial start-up open pit mineable
ore reserve. Concurrent with this work surface mapping, sampling and
geochemical programmes are being carried out to define further extensions of
the known mineralisation, as well as to define additional occurrences in
other, unexplored, highly prospective regions within the licence area.
Eurasia also announces that it has bought a fully portable hydraulic diamond
drill rig. This will permit completion of the summer drilling programme at a
cost well under the budget which was based on contractor options. The drill
will also be available for future additional drilling at Baronskoye as well as
at Eurasias other PGM projects in the Urals.


Listing:              Alternative Investment Market, London Stock Exchange
Code:                 EUA
Web Site:             www.eurasia-mining.plc.uk
Email:                [e-mail]

For further information please contact:
Andrew Counsell, Managing Director       Tel:   [phone]       
Paddy Manning, The Paddy Manning Company       Tel:   [phone]       
               
14-16 REGENT STREET, LONDON SW1Y 4PH
TEL: [phone]  FAX: [phone]
HEAD OFFICE AND REGISTERED OFFICE COMPANY NO: 3010091