Oxus Mining plc (“Oxus” or “the Company”) is pleased to announce that, at this morning's Extraordinary General Meeting (the “EGM”), the special resolution detailed in the notice of the EGM despatched to shareholders on 24 May 2002 was duly passed.

Accordingly, the Directors of Oxus have been authorised to allot Ordinary Shares pursuant to the Placing and Open Offer described in the circular to shareholders dated 24 May 2002 (“the Circular”).

Roger Turner, Chief Executive of Oxus, said today: “We are very pleased with the successful outcome of this placing. It has been well received and represents an important step towards the completion of the construction financing for our Amantaytau Phase I gold mine in Uzbekistan.”

The definitions set out in the Circular to shareholders dated 24 May 2002, have the same meanings in this announcement, unless the context requires otherwise.

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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