Grant of Share Options

Oxus Gold plc ('Oxus' or 'the Company')

Grant of Share Options

London: 13 March 2012 - Oxus Gold Plc ("Oxus" or the "Company") (OXS.L) announces that Mr. Richard Shead the Executive Chairman of Oxus has today been granted options over a total of 5,000,000 new ordinary shares of 1p each in the Company.

The options are exercisable at a price of 1.34p per Share (being the weighted average closing mid-market price per Share for the 30 day period preceding 1 March 2012) and are exercisable on the sooner of:

- 1 September 2012 in respect of 1,250,000 Shares;

- 1 March 2013 in respect of 1,250,000 Shares;

- 1 March 2014 in respect of 2,500,000 Shares.

- or in each of the above cases on receipt of a settlement or collection of an arbitral award in respect of the Company's dispute with the Uzbek Government, whichever comes sooner until 29 February 2017.

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