Oxus Gold plc ("Oxus" or "the Company") received notification on 17 October 2005 pursuant to the provisions of the Companies Act 1985 that Fidelity Investments and its direct and indirect subsidiaries, being non-beneficial owners, have increased its shareholding by 4,290,000 ordinary shares and now holds 41,604,786 ordinary shares of the company representing 14.79% 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