Issue of Equity - Amendment

Eurasia Mining PLC
23 May 2002



The issuer advises that the following amends the Issue of Equity announcement
released today at 07:00 under RNS number 2997W.

Dealing in the new shares is expected to commence on 30 May 2002 and not 30 June
2002 as previously stated.

All other details remain unchanged and the full amended text appears below.



                          EURASIA RAISES £300,000


Eurasia Mining PLC ('Eurasia') is pleased to announce the placing of 2,195,000
new Ordinary Shares at 14 pence each, to raise approximately £300,000 net of
expenses. The shares have been placed with existing shareholders, including
Gartmore Asset Management as well as institutional and private clients of
Eurasia's stockbrokers W H Ireland Limited. Following the share placing,
Gartmore Asset Management's shareholding increases to 4.32%

The proceeds of the share placing will be utilised to fund Eurasia's continuing
Platinum Group Metals exploration programmes in the Urals region of Russia and
in the Bushveld region of South Africa.

Simultaneously to the share placing, Framlington Russian Investment Fund ('FRIF
') is converting  £120,588 (US$175,564) of loan stock into 936,240 new Ordinary
Shares at the placing price (less a previously agreed 8% discount thereto).
Following this conversion, FRIF maintains its 29.9% shareholding position, and
US$814,529 (£559,468) of its loan stock remains outstanding, and convertible or
otherwise repayable in accordance with terms previously announced.

Following the share placing and conversion of loan stock, Eurasia's issued share
capital has increased to 39,350,964 Ordinary Shares.  Application has been made
for admission of the new Ordinary Shares to trading on the Alternative
Investment Market.  Dealing in the new shares is expected to commence on 30 May
2002.

                                                                     23 May 2002


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


For further information please contact:

Dr. Michael Martineau, Deputy Chairman               Tel:   [phone]
Robert Jenkins, Finance Director                     Tel:   [phone]
Laurie Beevers, W H Ireland Limited                  Tel:   [phone]
Allan Piper, Blackstone Communications               Tel:   [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange