Issue of Equity

Oxus Gold plc

Issue of Equity

London: 5 February 2010 - Oxus Gold Plc ("Oxus" or the "Company") (OXS.L) announces that application has been made for 8,164,289 new ordinary shares of 1p each in the Company to be admitted to trading on the AIM Market of the London Stock Exchange. The new ordinary shares have been issued at 6p each in lieu of accrued interest for the period 14 May 2009 to 6 January 2010 on certain of the Company's 8% convertible loan notes due May 2010, which were restructured with effect from 6 January 2010, as announced on 28 January 2010.

The new shares will rank pari passu with existing ordinary shares and dealings are expected to commence in the new ordinary shares on 11 February 2010.

Following the allotment of the above new ordinary shares, the Company's issued share capital will be 395,108,614 ordinary shares of 1p each.

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