Oxus Litigation

22 Dec 2006 07:00

Eurogold Limited22 December 2006 EUROGOLD L I M I T E D (ACN 009 070 384) 22 December 2006 ASX/AIM Symbol "EUG"________________________________________________________________________________ Oxus Litigation Eurogold Limited is pleased to advise that it has today entered into anagreement with IMF (Australia) Limited ("IMF") under which IMF will fund theongoing Australian Federal Court proceedings that Eurogold Limited and EurogoldHoldings (Bermuda) Limited have commenced against Oxus Holdings (Malta) Limitedand Oxus Gold Plc. The Agreement will become effective in mid January 2007 and contains IMF's usualterms and conditions, including an indemnity under which Eurogold will not beliable for adverse costs (if any) incurred in the proceedings. Eurogold willretain a majority interest in any amounts recovered from Oxus under thelitigation, with the amount dependent on the timing of any recovery. IMF is the largest litigation funder in Australia and is listed on theAustralian Stock Exchange. Pauline CollinsonCompany SecretaryEurogold Limited This information is provided by RNS The company news service from the London Stock Exchange