Oxus Gold Plc Regulatory News (OXS)

9 Feb 2009 14:19



Oxus Gold PLC

("Oxus Gold" or the "Company")

Share Option Plan

London: 9 February 2009 - Oxus Gold (OXS.L) announces that Mr Richard Shead, the Executive Chairman of Oxus, has today been granted an option over 1,209,100 ordinary shares in the Company at an exercise price of 15p per share and Mr James McBurney, Non-executive Director of Oxus, has today been granted an option over  200,000 ordinary shares in the Company at an exercise price of 15p per share.

33% of the above options will vest on the first gold pour from the Company's Asaukak heap leach project and the remaining 67% will vest on the first gold production from the underground sulphide mine at Amantaytau. The share options will be exercisable from the date of vesting for a period of  5 years.