Eurasia Gold Inc. announces changes to its board of directors



    TORONTO, Aug. 16 /CNW/ - Following the successful completion of the
take-over bid for Eurasia Gold Inc. ("Eurasia" or the "Company") by Kazakhmys
Gold Inc., Eurasia announces changes to its board of directors. This will be
an important step in the integration of Eurasia within the Kazakhmys group and
in the future development of a gold division.
    Oleg Novachuk, Matthew Hird, Robert Welch and Andrei Tretyakov have been
appointed as directors and, together with serving director Baltabek Mukashev,
comprise the new five person board of Eurasia. Aman Adilkhanov, Graham Bevan,
Richard Lachcik and Kumar Mukashev have each resigned from the board. The new
board of directors has appointed Oleg Novachuk as President and Chief
Executive Officer and Matthew Hird as Chief Financial Officer of Eurasia,
replacing Baltabek Mukashev and Yerlan Mukashev who have resigned from such
positions.
    Kazakhmys Gold Inc. now owns approximately 96.34% of the issued and
outstanding Eurasia shares, following the July 4, 2007 expiration of Kazakhmys
Gold Inc.'s offer to acquire all of the issued and outstanding ordinary shares
of Eurasia. Since the offer was accepted by holders of more than 90% of the
Eurasia shares, Kazakhmys Gold Inc. has exercised its right under the
compulsory acquisition provisions of the Business Corporations Act (British
Columbia) to acquire all outstanding Eurasia shares not already owned by
Kazakhmys Gold Inc. Kazakhmys expects to complete such acquisition in
September, 2007.
    Oleg Novachuk, Kazakhmys' Chief Executive said: "I should like to thank
the departing directors and officers their contribution to Eurasia's
development and success. As part of Kazakhmys, Eurasia will be able to fully
realise its potential and become the core part of a growing precious metals
division."

    About Kazakhmys:

    Kazakhmys Gold Inc. is an indirect wholly owned subsidiary of Kazakhmys
PLC., the largest copper producer in Kazakhstan and one of the leading copper
producers in the world. Kazakhmys is a fully integrated copper producer from
mining ore through to production of finished copper cathode and rod. The Group
produces significant volumes of other metals as by-products, including zinc,
silver and gold. Existing operations include 20 open pit and underground
mines, 9 concentrators, two copper smelting and refining complexes, a copper
rod plant, a zinc plant and a precious metals refinery. Production is backed
by a captive power supply and significant rail infrastructure. Kazakhmys also
owns MKM, a copper products fabrication company in Germany, and has Gold and
Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group's
strategic aim is to diversify and participate in the development of the
significant natural resource opportunities in Central Asia.

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





For further information:

For further information: Kazakhmys PLC, John Smelt, Head of Corporate
Communications, +44 (0)20 7901 7882, John.Smelt@kazakhmys.com; Eurasia Gold
Inc., Baltabek Mukashev, Director, + 7 3272 37 83 06,
Baltabek.Mukashev@almaty.eurasiagold.com

Organization Profile

EURASIA GOLD INC.

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