Oxus Gold plc ("Oxus" or "the Company") has been notified pursuant to the provisions of the Companies Act 1985 in a letter dated 13 July 2005 that Fidelity International Limited and its direct and indirect subsidiaries, have increased their shareholding by 2,274,900 ordinary shares to 25,894,970 ordinary shares representing 9.02 per cent of the ordinary issued share capital of the Company.

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