Issue of Equity

28 July 2014

Oxus Gold plc

Issue of Equity

Oxus Gold plc ("Oxus" or the "Company"), is pleased to announce that it has raised approximately £67,500 (net of fees and costs) following a subscription for new ordinary shares in the Company by Darwin Strategic Limited ("Darwin") (Darwin is an investment held by funds managed by Henderson Global Investors). The subscription for new ordinary shares was made by Darwin on 28 July 2014 pursuant to the terms of the Equity Financing Facility Agreement (as announced on 13 March 2013) and at a gross price per share of 2.20p.

Following the subscription for new ordinary shares by Darwin as set out above, the Company has issued and allotted, conditional on admission to trading on AIM, 3,316,953 new ordinary shares of 1p each to Darwin.

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

Application has been made to the London Stock Exchange for 3,316,953 shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that trading in the new Oxus shares will commence on or around 1 August 2014.

Following Admission, the Company's enlarged issued share capital will comprise 519,218,484 ordinary shares with voting rights.

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