Issue of Equity

16 Apr 2007 07:02

Oxus Gold PLC16 April 2007 news release For immediate release: 16 April 2007 Oxus Gold plc Zeromax subscription update LONDON 16 April 2007 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) ispleased to announce that Zeromax has subscribed for an additional 16,761,368 newordinary shares in the Company at a price of 21.5 pence per share. The shareshave been issued pursuant to a subscription agreement dated 30 November 2006. Zeromax has to date purchased a total of 57,000,000 shares, representing 16.04%of the Company's enlarged share capital, and completes the purchase of sharespursuant to the subscription agreement. No further shares will be issuedpursuant to the subscription agreement. Application has been made for the shares to be admitted for trading on AIM whichis expected to occur on 18 April 2007. As a result of this issue the Company'soutstanding share capital is now 355,332,506 shares. End Contacts: Oxus Gold plcRichard Wilkins Tel: +44 (0)20 7907 2000website: www.Oxusgold.co.uk Bankside Consultants Ltd.Keith Irons Tel: +44 (0)20 7367 8873 Canaccord Adams LimitedErin Needra Tel: +44 (0) 7050 6755 This information is provided by RNS The company news service from the London Stock Exchange