LONDON: 01 November 2005 - Oxus Gold plc ("Oxus" or "the Company") received notification on 1 November 2005 pursuant to the provisions of the Companies Act 1985, that RAB Capital plc, acting as investment manager for a number of commingled funds, has reduced its shareholding by 2,633,000 ordinary shares and now holds 49,431,823 ordinary shares of the company representing 17.19 per cent of the issued share capital.

Contacts:

Oxus Gold plc
Richard Wilkins, Company Secretary
Tel: + 44 (0)20 7907 2000

Bankside Consultants Ltd.
Keith Irons
Tel: + 44 (0)20 7367 8873