Oxus Mining plc (“Oxus”) (OXS.L) announces that the deadline for signing the proposed loan agreement with Société Générale has been extended from 30 June 2002 to 19 July 2002. Société Générale has offer a $31 million project finance facility for the construction of the Amantaytau Phase 1 mine. The extension is to allow finalisation of the loan documents. All parties are working towards signing the loan agreement by 19 July 2002.

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Contacts:

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

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