Replacement - Conversion of CLNs & Issue of Equity

The following amendments have been made to the 'Conversion of CLNs and Issue of Equity' announcement released on 21 October 2015 at 10:50am under RNS No. 9527C:

- Darwin Strategic Limited has been changed to Darwin Capital Ltd.

- The conversion price of 0.02693 pence per share has been changed to 2.693 pence per share.

All other details remain unchanged.

The full amended text is shown below.

21 October 2015

Oxus Gold plc

Conversion of CLNs and Issue of Equity

Oxus Gold plc ("Oxus" or the "Company") is pleased to announce that Darwin Capital Ltd ("Darwin") has given notice to convert zero coupon unsecured convertible loan notes in the Company ("CLNs") with a value of £100,000 into ordinary shares of 1p each in the Company ("Ordinary Shares"). Following this conversion, Darwin does not currently hold any CLNs, although further CLNs may be issued to Darwin pursuant to an agreement entered into between Oxus and Darwin on 6 October 2015.

3,713,330 new Ordinary Shares have today been issued to Darwin pursuant to the conversion of CLNs at a price of 2.693 pence per share.

Application has been made for a total of 3,713,330 new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange. The new Ordinary Shares will rank pari passu with existing Ordinary Shares and dealings are expected to commence in the new Ordinary Shares on 26 October 2015.

Following the issue of ordinary shares as set out above, the Company's issued share capital now consists of 707,575,019 Ordinary Shares, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 707,575,019.

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