Oxus Mining plc (“Oxus”) (OXS.L) confirms that it has received approval from Société Générale and the syndicate banks for an extension of the deadline for satisfaction of conditions precedent under the Amantaytau Goldfields AO financing until 27 September 2002. This previously announced $31 million senior syndicated project finance facility will be used to finance the construction of the Phase 1 open pit heap leach operation at Amantaytau.

Société Générale has also extended the validity of the $23 million Guaranteed Loan facility to the same date. Oxus is working to complete the outstanding conditions precedent to both financings by the 27 September 2002.

END

Contacts:

Oxus Mining
Tel: +44 (0) 1483 714 411
Roger Turner, CEO
Sacha Borthwick, VP Corporate Development & IR

Brown Shipley Corporate Finance
Tel: +44 (0) 20 7606 9833
Bill Staple

College Hill
Tel: +44 (0) 20 7457 2020
Archie Berens

Website: www.oxusminingplc.com
Email: oxus@oxus.demon.co.uk