Oxus Gold plc ('Oxus' or 'the Company') has received an application for 500,000 new ordinary shares of 1p each in the Company to be admitted to trading on the Alternative Investment Market of the London Stock Exchange. The shares are being issued following the exercise of 500,000 warrants.

The shares will rank pari passu with existing ordinary shares and dealings are expected to commence in the new ordinary shares at 22 December 2005.

The issued share capital of the Company is 288,436,236 ordinary shares.

Oxus Gold plc is listed on the Alternative Investment Market (AIM) in London, Stock-exchange. Symbol OXS.

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Contacts:

Oxus Gold plc

Tel: + 44 (0)20 7907 2000
Richard Wilkins, Company Secretary
Joanna Solino, Investor Relations Officer

Bankside

Tel: + 44 (0)207 367 8873
Keith Irons