EuroGas Acquires Controlling Interest in Gold-Silver Mining Property in Tombstone Mining District in Southeast Arizona

NEW YORK, NY, Jan 15 (MARKET WIRE) --
EuroGas, Inc. (PINKSHEETS: EUGS) (HAMB: EUGS) today announced that it has
acquired a 60% working interest in 56 mining claims ("The Tombstone property"),
located in the historic Tombstone Mining District of Southeast Arizona from Rio
Plata Exploration and Mining Co., a privately held Texas corporation with
registered offices in Kalispell, Montana, USA.

The 60% working interest will be earned in stages by making a total cash
payment in the amount of US $250,000 and by issuing up to 12 million restricted
EuroGas common shares, which shall be issued only upon the acceptance by
EuroGas of an acceptable geological feasibility study. The Rio Plata Tombstone
property, which covers some 2,000 acres (approximately 810 hectares), is
directly contiguous to two mining properties that are currently the subject of
large exploration programs: Southern Silver Exploration Corp.'s Tombstone South
property and Tombstone Exploration Corp.'s property.

Southern Silver Exploration Corp. has just recently announced plans to drill
up to 2,000 meters to test prospective stratigraphy, structures and a
series of mineralized, east-northeast-trending fracture zones, which were
initially identified in the northwest corner of its Tombstone South property
and can be traced on surface through a series of outcrops and historic
workings for up to 600 meter strike length.

Tombstone Exploration Corporation, a public company, is currently conducting
an
active sampling program on its Tombstone Project started in spring 2007,
having recently submitted 127 surface samples from the project for laboratory
testing.

Rio Plata's Tombstone property, in which EuroGas is to earn a 60% working
interest, lies in between Southern Silver's and Tombstone Exploration's claim
blocks,
directly to the north of the Southern Silver property and to the south of
the Tombstone Exploration Company's property.

About EuroGas, Inc.

EuroGas is a publicly traded oil and gas company with assets in Ukraine. The
company's common stock trades on the Hamburg Stock Exchange in Germany under the
symbol EUG and on the Other OTC (Pink Sheets) in the United States under the
symbol EUGS.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of
1995:

This press release includes forward-looking statements intended to qualify
for
the safe harbor from liability established by the Private Securities Litigation
Reform Act of 1995.

You can identify forward-looking statements by their use of the
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You
should also keep in mind that all forward-looking statements are based on
management's existing beliefs about present and future events outside of
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any other underlying assumptions prove incorrect, our actual results may vary
materially from those anticipated, estimated, projected, or intended.

For further information, please contact:
Wolfgang Rauball
Chairman & CEO
14 Wallstreet, 20th Floor
N.Y., N.Y. 10005
Tel. Nr.: (212) 618-1274
Fax Nr.: (212) 618-1276

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