2 February 2023

Eurasia Mining Plc

("Eurasia" or the "Company")

Exercise of Options

Eurasia Mining Plc, the palladium, platinum, rhodium, iridium and gold producing company, announces it has issued and allotted 5,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") following the exercise of options at a price of 0.42 pence per Ordinary Share (the "Option Shares") by the estate of a former Director of the Company.

Application has been made for the Option Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on or around 8 February 2023. The Option Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Following Admission, the Company will have 2,858,559,995 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 2,858,559,995 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements

For further information, please contact: