Issue of Equity

4 Apr 2007 07:00

Oxus Gold PLC04 April 2007 news release For immediate release: 4 April 2007 Oxus Gold plc Zeromax subscription update LONDON: 4 April 2007 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) ispleased to announce that Zeromax has subscribed for an additional 31,688,632 newordinary shares at the price of 21.5 pence per share. The shares have beenissued pursuant to a subscription agreement dated 30 November 2006, wherebyZeromax, Uzbekistan's largest private sector company, agreed to subscribe for upto 57 million shares in the Company. Zeromax has to date purchased a total of 40,238,632 shares, representing 11.88%of the Company's enlarged share capital. This total includes the sharespreviously reported on 2 April 2007. Application has been made for the shares to be admitted for trading on AIM whichis expected to occur on 12 April 2007. As a result of this issue the Company'soutstanding share capital is now 338,571,138 shares. The long-stop date for Zeromax to purchase the balance of the subscriptionshares is 11 April 2007, after which date the subscription agreement will lapse. 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