LONDON: Wednesday, 08 December 2004 - Oxus Gold plc ("Oxus" or "the Company") announces that, at the Annual General Meeting held in London today, all of the resolutions requiring shareholder approval were passed with substantial majorities.

Michael Beckett, non-executive chairman, did not offer himself for re-election to the Board and, therefore, immediately following the meeting stood down as chairman. He told shareholders that he was not able to continue as a director because of the considerable pressures on his time arising from his executive responsibilities elsewhere.

Douglas Sutherland and Oliver Prior were both re-elected to the Board and Mr Sutherland will act as chairman, pending the appointment of a successor to Mr Beckett. An announcement in respect of this will be made shortly.

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Contacts:

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

Bankside
Tel: + 44 (0)20 7444 4155/ 07885 356 639
Keith Irons, Chairman