Application has been made for 1,000,000 new ordinary shares of 1p each in Oxus Gold plc ("Oxus" or "the Company") to be admitted to trading on the Alternative Investment Market of the London Stock Exchange. The shares are being issued following a placing for cash to RBC Europe at a price of 60p per share.

The shares will rank pari passu with existing ordinary shares and dealings are expected to commence in the new ordinary shares at 8.00am on 30 September 2003.

Bill Trew, the CEO states, "This placing, of US$1 million, will allow the Company to accelerate its development programme on its existing portfolio of assets".

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Contacts:

Oxus Gold plc
Tel: +44 (0)20 7907 2000
John Donald, COO