Application has been made for 5,000 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 5,000 options.

The shares will rank pari passu with exiting ordinary shares and dealings are expected to commence in the new ordinary shares on 29 April 2005.

The issued share capital of the Company is 286,933,836 ordinary shares.

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

Contacts:

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

Joanna Solino, Investor Relations Officer
Tel: + 44 (0)20 7907 2000

Bankside Consultants Ltd.
Keith Irons
Tel: + 44 (0) 20 7444 4155

Simon Rothschild
Tel: + 44 (0) 20 7444 4153