rossi Tuesday, 05/15/07 12:13:02 PM Re: None Post # of 191 TORONTO, May 15 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX - News) announces that its Board of Directors is reviewing a proposed unsolicited all-cash takeover bid of $0.85 per Ordinary Share from Kazakhmys PLC ("Kazakhmys") for all outstanding Eurasia Ordinary Shares. ADVERTISEMENT Eurasia's Board of Directors is reviewing the proposed Offer in the context of the company's alternatives to maximize shareholder value. To assist in this analysis, Eurasia's Board of Directors has established an independent director's Special Committee comprised of Graham Bevan. It is anticipated that Mr. Bevan will retain independent financial and legal advisors. "The Board will give due consideration to the Kazakhmys bid. Pending the Board's recommendation, shareholders are urged not to tender to the Offer," said Mr. Baltabek Mukashev, Eurasia's President and Chief Executive Officer.