Extension of Option

21 Dec 2007 14:30

Oxus Gold PLC21 December 2007 news release OXUS GOLD PLC Extension of Option LONDON: 21 December 2007 - Further to the announcement made on 10 December 2007,Oxus Gold plc ("Oxus" or the "Company") (OXS.L) announces that on 20 December2007 it was notified by RAB Special Situations (Master) Fund Limited ("RAB")that RAB has agreed to extend the option granted to Zeromax GmbH ("Zeromax") toacquire up to 52,254,353 ordinary shares in the Company from RAB at a totalconsideration of 80 pence per share. The option is exercisable at any time until4 January 2008 and extendable until 31 January 2008. Zeromax currently holds 57,000,000 ordinary shares, representing 15.60 per cent.of the Company's current outstanding share capital. The option can be exercisedin whole or in part and should Zeromax exercise the option in full, Zeromax'sshareholding in the Company would increase to 109,254,353 shares, representing29.90 per cent. of the Company's current outstanding share capital of365,399,173 ordinary shares. END Contacts: Oxus Gold plcRichard Wilkins Tel: +44 (0)20 7907 2004 Canaccord Adams LimitedMike Jones Tel: +44 (0) 7050 6500Erin Needra Bankside Consultants Ltd.Keith Irons Tel: +44 (0)20 7367 8873 This information is provided by RNS The company news service from the London Stock Exchange