Statement re: Appointment of Administrators

24 February 2016

Oxus Gold plc

Statement re: Appointment of Administrators

This announcement is made further to the announcement made by Oxus Gold plc ("Oxus Gold" or the "Company") on 28 January 2016 regarding the appointment of Malcolm Cohen and Shane Crooks of BDO LLP as Joint Administrators to the Company on 27 January 2016.

A dedicated webpage has been set up to provide creditors and shareholders with information regarding the administration:

http://www.bdo.co.uk/services/business-restructuring/oxus-gold-plc-in-administration

This page can also be reached by visiting the main BDO website (http://www.bdo.co.uk/) and searching for Oxus Gold.

All further correspondence regarding the Company, including administration progress reports, will be published on this web page.

The Joint Administrators' proposals will be published on this website prior to 22 March 2016.

Contact details: