Application has been made for 66,667 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 66,667 options.

The shares will rank pari passu with exiting ordinary shares and dealings are expected to commence in the new ordinary shares at 4 July 2005.

The issued share capital of the Company is 287,017,343 ordinary shares.

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

Contacts:

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

Bankside Consultants Ltd.
Tel: + 44 (0)207 444 4155
Keith Irons, Chairman