Grant of New Options

Eurasia Mining PLC
8 February 2002


EURASIA GRANTS NEW OPTIONS

Eurasia Mining PLC ('Eurasia') announces the grant on 8 February 2002 of
1,110,000 share options under its Executive Share Option Scheme ('the Scheme')
to its Executive Directors and other staff as follows:


                                                     No
Executive Directors:

Michael Martineau                               500,000

Bill Anderson                                   300,000

Robert Jenkins                                  100,000

Other staff                                     210,000

Total                                         1,110,000



These share options are exercisable at 18 pence each and have a life of four
years from their date of grant. They become exercisable as to one third after
one year, one third after two years and one third after three years from their
date of grant.

In connection herewith, Eurasia also announces, for clarification, that all
share options previously granted to its Executive Deputy Chairman, Dr Michael
Martineau, all fall within the Scheme.

Following the grant of these options, the total number of share options
outstanding under the Scheme amounts to 3,460,000, equating to 9.55% of
Eurasia's current issued ordinary share capital.


                                                              8 February 2002


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