Eurasia Energy Ltd. announced that the Scottish Court of Appeal has denied an appeal by Commonwealth Oil & Gas Company Limited of a first instance decision of the Scottish Court of Session which was rendered December 14, 2007. The Court of Appeal has confirmed the previous decision of the Court of Session that Eurasia is not liable to Commonwealth for any loss which may have been suffered by Commonwealth as a result of Eurasia entering into its memorandum of understanding with the State Oil Company of the Azerbaijan Republic on December 7, 2005. The Court of Appeal has also denied the appeal by Eurasia's C.E.O. and Director, Mr. Nicholas W. Baxter, of the Court of Session decision which concluded that Mr. Baxter breached his fiduciary duty to Commonwealth by securing a memorandum of understanding for Eurasia at a time when Mr. Baxter was a director of both Eurasia and Commonwealth. The Court of Session concluded that Mr. Baxter did not knowingly or dishonestly act in breach of his fiduciary duties to Commonwealth. The Court of Appeal held that, although Mr. Baxter was not under a positive duty to disclose the MOU opportunity to Commonwealth, he could not pursue the opportunity on his own behalf or on behalf of Eurasia without first obtaining the informed consent of Commonwealth. Both the Court of Session and Court of Appeal found that the MOU was not an asset until it was signed by Eurasia. Accordingly, Mr. Baxter's breach of fiduciary duty did not deprive Commonwealth of property or an asset. Given the decision of the Scottish Court of Appeal, it is the view of Eurasia and its advisors that the possibility of a damage award against Eurasia is remote. It is also the view of Eurasia and its advisors based on all the information which is presently available, that it will be difficult for Commonwealth to obtain a substantial damages award against Mr. Baxter because he was not under a positive duty to disclose the MOU opportunity to Commonwealth.

Eurasia Energy Ltd. filed its 20-F on June 19, 2009 for the period ending December 31, 2008. In this report its auditor, Peterson Sullivan PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Eurasia Energy Ltd. announced that its annual meeting of stockholders will be held on July 14, 2009 to consider the resolution ratifying and confirming an amendment to section 2.04 of Article II of the company's by laws which will change the number of holders of shares required to constitute a quorum for the transaction of business at a meeting of shareholders.