Issue of options

Eurasia Mining PLC
26 November 2003

EURASIA MINING PLC ('Company')



Issue of share options



The Company announces that today it approved granting share options to directors
and key members of staff under the Company's share option scheme, following the
recommendation of the Remuneration Committee:



Options over 2,275,000 shares exercisable at 7.25p and 10p were issued to the
following executive directors as follows:



Dr Michael Martineau (Deputy Chairman) - 500,000 at 7.25p and 100,000 at 10p;

Christian Schaffalitzky (Managing Director) - 500,000 at 7.25p and 400,000 at 10p;

William Anderson - 450,000 at 7.25p;

Robert Jenkins - 100,000 at 7.25p;

Gary Fitzgerald - 225,000 at 7.25p.



In parallel, 2,750,000 options already granted to the directors under the scheme
were cancelled.



Under the same share option scheme, a total of 170,000 options have also been
granted to members of the Company's staff at an exercise price of 7.25p.



The newly issued options are exercisable at any time up to 24 November 2013.



The total number of share options in issue falls from 4,060,000 to 3,480,000,
representing approximately 4.1 per cent of the total number of shares in issue
following the recent placings.



For further information contact:



Christian Schaffalitzky, Eurasia Mining PLC:       [phone]
Allan Piper,
First City Financial Public Relations:             [phone]
[phone]


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