Oxus Gold plc ("Oxus" or "the Company") received notification on 27 May 2005 pursuant to the provisions of the Companies Act 1985 that Fidelity Investments, and it's direct and indirect subsidiaries, being non-beneficial owners, have increased it's shareholding by a further 2,914,015 ordinary shares and now holds 23,620,070 ordinary shares of the company representing 8.23 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 7444 4155