Termination of agreement

29 Jun 2006 11:33

Oxus Gold PLC29 June 2006 News Release Oxus Gold plc Acquisition of assets from Eurogold Limited London: 29 June 2006 - Oxus Gold plc ("Oxus") (OXS.L), regrets to announce thatit has been forced to terminate the agreement (the "Agreement") which it enteredinto with Eurogold Limited ("Eurogold") to acquire, amongst other things, allthe shares in Eurogold (Bermuda) Limited (a subsidiary of Eurogold). Oxusbelieves that a material adverse change has occurred to the business and assetsof Eurogold (Bermuda) Limited from what it understood to be the case when itentered into the Agreement, and it has to date been unable to reach asatisfactory arrangement with Eurogold to continue on revised terms. For further information, please contact: Oxus Gold plc Richard Wilkins, Company SecretaryTel: +44 (0)20 7907 2000 Bankside Consultants Limited Keith Irons/Oliver WintersTel: +44 (0)20 7367 8873 This information is provided by RNS The company news service from the London Stock Exchange