VICTOR VEKSELBERG

May 26, 2006 09:00 ET

Victor Vekselberg Acquires Shares of Eurasia Gold Inc.

TORTOLA, BRITISH VIRGIN ISLANDS--(CCNMatthews - May 26, 2006) -

Not for dissemination in the United States of America

Victor Vekselberg, the holder of 86% of the shares of Ansley Financial Holdings Limited ("Ansley"), of Pasea Estate, Road Town, Tortola, British Virgin Islands, announces that he has indirectly acquired ownership and control of 38,129,418 Class A common shares ("Eurasia Shares") of Eurasia Gold Inc. (formerly Eurasia Gold Corp. ("Eurasia")), representing approximately 24.9% of the currently outstanding Eurasia Shares as a result of the completion of an acquisition (the "Acquisition") by Eurasia of all of the 3,000,000,000 outstanding ordinary shares (the "Charaltyn Shares") of Joint Stock Company Charaltyn ("Charaltyn") for a purchase price of US $100,000,000 pursuant to an acquisition agreement dated November 15, 2005 (the "Acquisition Agreement") among Eurasia, Charaltyn and all of the shareholders of Charaltyn. Immediately prior to the completion of the Acquisition, Ansley was a significant holder of Charaltyn Shares.

Other than as set forth herein, Mr. Vekselberg does not currently own, nor does Mr. Vekselberg currently have any rights to acquire any other securities of Eurasia. Mr. Vekselberg may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over Eurasia Shares or other securities of Eurasia through market transactions, private agreements, treasury issuances, or otherwise.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Ansley Financial Holdings Limited
    Oleg Tsarkov
    +7-495-745-5757
    +7-495-981-2921 (FAX)
    40 Building, 4, office 204
    Bolshaya Ordynka street