Settlement of Arbitration

16 May 2008 12:37

OXUS GOLD PLC

Settlement of Arbitration

LONDON: 16 May 2008 - Oxus Gold plc ("Oxus" or the "Company") (OXS.L) announces that, further to its announcement of 6 May 2008, the Company has now received the agreed cash settlement and accordingly the claim in arbitration against the Kyrgyz Republic under the UK - Kyrgyz Republic Bilateral Investment Treaty has been withdrawn.

OXUS GOLD PLC Tel: +44 (0) 207 907 2000

Jonathan Kipps - Finance Director

Richard Wilkins - Chief Executive Officer

CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500

Mike Jones

BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888

Keith Irons

Oliver Winters