LONDON: 22 October 2007 – Oxus Gold Plc, (“Oxus” ) (OXS.L) is pleased to report that its
84% owned subsidiary, Marakand Minerals Limited (“Marakand” or the “Company”) has today
issued a statement announcing the convening of an Extraordinary General Meeting (“EGM”)
to amend its Articles of Association to enable Oxus to compulsorily acquire those ordinary
shares of Marakand which it does not currently own. 

Contacts:
 
Oxus Gold plc
Jonathan Kipps – Finance Director Tel: +44 (0) 207 907 2000
Richard Wilkins – Company Secretary Tel: +44 (0) 207 907 2000
Website: www.oxusgold.co.uk
 
Canaccord Adams Limited
Mike Jones Tel: +44 (0)207 050 6500
Erin Needra Tel: +44 (0)207 050 6500
 
Bankside Consultants Ltd.
Keith Irons Tel: +44 (0)207 367 8888
Oliver Winters Tel: +44 (0)207 367 8888