Eurasia Gold announces private placement approvals



    /THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE
    OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO A US
    PERSON. NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA OR
    JAPAN./

    TORONTO, March 22 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company")
(TSX: EGX) is announcing today that the TSX has granted conditional approval
to the proposed private placement of 16,637,551 common shares (approximately
10.9% of the currently outstanding shares) to TKA Corporation at a price of
C$1.2021 per share. TKA Corporation is controlled by Mr. Kumar Mukashev, a
director of Eurasia. Mr. Mukashev, through TKA Corporation and other
controlled companies, currently owns, or has control or direction over,
83,999,155 shares of Eurasia representing approximately 54.9% of the currently
outstanding shares.
    The transaction requires shareholder approval under TSX rules as the
placement involves the issuance of more than 10% of the shares of Eurasia to
an insider, TKA Corporation. However, Eurasia is relying on an exemption
granted by the TSX from the requirement to hold a formal shareholder meeting
on the basis that a majority of the Company's shareholders, excluding shares
held by the controlling shareholder group, have provided their consent in
writing to the issuance of these common shares. As a result of the placement,
Mr. Mukashev will on completion, own or have control or direction over an
aggregate of 100,636,706 shares of Eurasia representing 59.3% of the then
outstanding shares.
    The proceeds of the private placement of C$20 million of new treasury
shares will be used to meet near-term funding requirements for the new
projects. The private placement is expected to close on or about March 29,
2007.

    This news release contains forward-looking statements contained that are
not historical facts. Forward-looking statements involve risks, uncertainties
and other factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied by such
forward-looking statements. Forward looking statements in this news release
include, but are not limited to, completion of the private placement. Factors
that could cause actual results to differ materially from these
forward-looking statements include those risks set out in Eurasia's public
documents filed on SEDAR. Although Eurasia believes that the assumptions and
factors used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the
date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. Eurasia disclaims any intention
or obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.

    These materials are not for distribution, directly or indirectly, in or
into the United States, Australia, or Japan. This document does not constitute
an offer of securities for sale in the United States, nor may any securities
be offered or sold in the United States absent registration or an exemption
from registration as provided in the US Securities Act of 1933, and the rules
and regulations thereunder. No securities are being registered for offer or
sale in the United States and no public offering of any securities in the
United States will be made.

    The information contained herein does not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of any
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration, exemption of registration or qualification
under the securities laws of any such jurisdiction.

    No stock exchange, securities commission or other regulatory authority
    has approved or disapproved the information contained herein.




For further information:

For further information: Baltabek Mukashev, President and CEO, + 7 3272
37 83 06, baltabek.mukashev@almaty.eurasiagold.com; Eurasia Gold Inc., (416)
504-2899, info@eurasiagold.com

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EURASIA GOLD INC.

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