Issue of share options

Eurasia Mining PLC
04 November 2002


for immediate release


                         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 850,000 shares exercisable at 10p were issued to the following
directors as follows:

John Mitchell (Chairman) - 50,000
Dr Michael Martineau (Executive Deputy Chairman) - 100,000
Charles Hutson (Director) - 50,000
William Anderson (Director Operations) - 150,000

Christian Schaffalitzky (Managing Director) was granted 500,000 at an average
exercise of 10.8p. Exercisable in the following tranches: 150,000 at 8p, 150,000
at 12p, 200,000 at 18p.

Under the same share option scheme, a total of 250,000 options have also been
granted to members of the Company's staff at an average exercise price of 10p.
Exercisable in the following tranches: 100,000 at 8p, 50,000 at 10p, and 100,000
at 12p.

The newly issued options are exercisable at any time up to 4 November 2012.

The total number of share options in issue rises from 3,160,000 to 4,260,000
representing approximately 9 per cent of the total number of shares in issue.

The issue of the new options to Christian Schaffalitzky represents part of the
remuneration and incentive package agreed on his joining the Company as Managing
Director in October 2002.

4 November 2002

For further information contact:

Michael Martineau, Executive Deputy Chairman, Eurasia Mining plc:
[phone]

Allan Piper, First City Financial Public Relations:
[phone]

Laurie Beevers, WH Ireland:
+44 ()) 161 819 8724


                      This information is provided by RNS
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