Purchase of Shares

12 May 2006 09:49

Oxus Gold PLC12 May 2006 Oxus Gold plc Purchase of shares LONDON: 12 May 2006 - Oxus Gold plc ("Oxus" or "the Company") (OXS.L) announcesthat it has acquired an additional 2,906,407 ordinary shares of MarakandMinerals Limited ("Marakand"), (MKD.L) mainly from individual shareholders.Following the acquisition, Oxus has increased its shareholding from 83,753,577to 86,659,984 ordinary shares representing an increase from 82.91 to 85.78 percent of the ordinary issued share capital of Marakand. As consideration for the purchase of the shares, application has been made tothe London Stock Exchange for 968,800 new Oxus shares to be admitted to the AIMMarket. Dealings are expected to commence in the new ordinary shares at 17 May2006. The new ordinary shares will rank pari passu with the existing shares ofthe Company. Following the allotment the total issued share capital of theCompany will be 298,107,972 ordinary shares. End Further enquiries: Oxus Gold plcTel: + 44 (0)20 7907 2000Richard Wilkins, Company SecretaryJoanna Solino, Investor Relations Officer BanksideTel: + 44 (0)207 367 8874Keith Irons This information is provided by RNS The company news service from the London Stock Exchange