Founded in 1996, Oxus Gold Plc (Oxus) listed on London’s Alternative Investment Market (AIM) in 2001 andhas a 50% stake in the Amantaytau Goldfields JV (AGF) which is located in the Kyzylkum region of Uzbekistan.

Total AGF ‘Proven and Probable’ reserves were 2,839,000 ozs of gold and 6,739,000 ozs of silver (of which half are attributable to Oxus), under JORC classification.

AGF is situated on one of the world’s largest areas of gold endowment,  the Tien Shan belt, second only in size to that of the Witwatersrand basin.  AGF also enjoys the benefit of being positioned just 40 kms south of the world’s largest single open pit gold mine at Muruntau.

As described in the Company's report and accounts for the 12 months ended 31 December 2010 and the interim results for the six months to 30 June 2011, the Company remains in dispute with the Uzbek Government. The Ministry of Finance of the Republic of Uzbekistan is claiming US$10.84 million from the Company in respect of the AGF Phase 2 Project Development Fund (the "Fund") and has obtained a judgment in its favour in the Uzbek courts, which it is seeking to enforce in the English courts. The Company is vigorously defending the claim.

* Oxus Gold plc was incorporated in England and Wales