Issue of Equity

27 January 2015

Oxus Gold plc

Issue of Equity

Oxus Gold plc ("Oxus" or the "Company"), announces that today, 84,746 new ordinary shares of 1p each in the Company were issued and allotted to SP Angel Corporate Finance LLP ("SP Angel"), the Company's Nomad and Broker, in lieu of certain fees due to them for the period from 1 January 2015 to 31 March 2015. The new ordinary shares were issued to SP Angel at the mid-market closing price on 31 December 2014, being 2.95p.

The new ordinary shares will rank pari passu in all respects with the existing ordinary shares of 1p each in Oxus.

Application will be made to the London Stock Exchange for a total of 84,746 shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that trading in the new ordinary shares will commence on or around 2 February 2015.

Following Admission, the Company's enlarged issued share capital will comprise 541,781,649 ordinary shares with voting rights.

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