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rossi   Wednesday, 05/24/06 12:47:55 PM
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Looks like trading still halted.
Tuesday May 23, 2:44 pm ET


TORONTO, May 23 /CNW/ - Eurasia Gold Inc. (TSX-V:EGX - News; formerly Eurasia Gold Corp.) (the "Company") is pleased to announce the completion of the acquisition (the "Acquisition") of JSC Charaltyn, a Kazakhstan mining and resource company, and related transactions, as announced on August 24, 2005 and as principally described in the Company's information circular dated November 22, 2005.
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In connection with completion of the Acquisition, the Company consolidated its issued capital on the basis of one post-consolidation share for every ten pre-consolidation shares and continued its corporate existence from the Yukon Territory to the federal jurisdiction under the Canada Business Corporations Act. In addition, the new name of the Company is "Eurasia Gold Inc.". Pursuant to the Acquisition, the Company acquired all of the issued and outstanding shares of JSC Charaltyn in consideration for the issuance of 141,296,970 post-consolidation shares of the Company to the former shareholders of JSC Charaltyn. There are 153,130,195 issued and outstanding common shares of the Company after giving effect to the Acquisition, of which 86,341,283 common shares will be held in escrow pursuant to the escrow policy of the Toronto Stock Exchange.

Effective at the opening of trading on May 25, 2006, the common shares of the Company will commence trading on the Toronto Stock Exchange under the symbol "EGX", and will be de-listed from the TSX Venture Exchange.

Directors and Officers of Eurasia Gold Inc.

The board of directors of the Company now consists of Kumar E. Mukashev, Baltabek K. Mukashev, Graham Bevan, Aman Adilkhanov, Neil J.F. Steenberg, Patrick Evans and Richard Lachcik. Kumar E. Mukashev serves as Chairman of the board of directors, Baltabek K. Mukashev serves as President and Chief Executive Officer of the Company and Ismail Nishanbayev serves as Chief Financial Officer of the Company.




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