Eurasia Mining : Exercise of Options and Warrants

Eurasia Mining plc

('Eurasia' or 'the Company')

Exercise of Options and Warrants

Eurasia is pleased to announce that it has received notice to exercise warrants over 54,750,002 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the 'Warrant Shares'). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £328,500.

In addition, the Company announces it has received a notice of exercise options over 8,257,748 ordinary shares of 0.1 pence in the Company at an exercise price of 0.42 pence per share (the 'Option Shares'). The consideration for the exercise of the Option Shares amounts, in aggregate, to a cash value of £34,682. These options were exercised by employees of the Company, not holding positions as directors of the Company or as top management or as advisors to the board.

Christian Schaffalitzky, Chairman added:'The Directors are happy that both revenues from the sale of metals from the West Kytlim operation and the execution of the warrants have significantly improved the cash position of Eurasia and its negotiating position in the ongoing talks'.

Exercise of Options and Warrants:

The Company announces that it has receivednotification from warrant and options holders to exercise the following warrants and options at the following prices - see table below:

Instrument	Volume	Price	Cash Value to Eurasia
Warrant Shares of 0.1p	54,750,002	0.6p	£328,500
Option Shares of 0.1p	8,257,748	0.42p	£34,682
Total Cash Value		-	£363,182

Application has been made for the Warrant Shares and Option Shares to be admitted to trading on AIM, an dealings are expected to commence on or around 11November 2019 ('Admission'). These shares will rank pari passuwith the ordinary shares of the Company in issue.

Total voting rights

The Company's total issued share capital upon Admission of the Warrant Shares and the Options Shares will be 2,629,646,614ordinary shares. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency rules.

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

[phone]

WH Ireland Limited (Nomad and Joint Broker)

Katy Mitchell / James Sinclair-Ford

[phone]

First Equity Limited (Joint Broker)

Jason Robertson

Tel: [phone]

Optiva Securities (Joint Broker)

Christian Dennis

Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

Shareholders are encouraged to follow the non-regulatory progress at the Company's mine and Monchetundra Project through the Company's media channels including:

https://vimeo.com/user71951711

https://twitter.com/eurasiamining

https://www.voxmarkets.co.uk/listings/LON/EUA/

About Eurasia Mining PLC (LSE: EUA)

Eurasia Mining is a long-established palladium, platinum, iridium, rhodium and gold focused production company quoted on the London Stock Exchange AIM market, with an operating PGM mine in the Ural Mountains palladium open pit deposit at Monchetundra. In addition, Eurasia maintain an interest in the Semonovsky Gold in Mine Tailings Project, an asset demonstrating potentially low-cost new-term gold production potential.

Eurasia's two core projects are:

The West Kytlim operating mine (of which the Company owns 68%), which is the largest alluvial platinum reserve in the world currently, with 2,283 kilograms of raw platinum in reserves, and resources and resource potential to a further 10 tonnes of raw platinum. A single washplant has operated on site during 2018 and 2019, with further increases in production planned from multiple washplants. The mine was previously contracted to generate cashflow from which to finance further capitalisation of the asset. All contractors were retired from the operation in September 2019 and since then Eurasia has been operating on an owner operated (100% of revenue) basis.

The Monchetundra Project (of which the Company owns 80%), has in place (signed October 2016) an EPCF (Engineering Procurement Construction and Financing) contract with Sinosteel, a state-owned Chinese corporation focused on mining. This agreement fully finances the Project through building of the 1.7m tonnes per annum processing facility at the Monchetundra Project.