Holding in Company

Oxus Gold plc

("Oxus Gold" or "Company")

Holdings in Company

London: 10 January 2012 - Oxus Gold Plc (the "Company") (OXS.L) announces that on 9 January 2012 it was notified that RAB Special Situations (Master) Fund Limited holds 98,885,574 shares in the Company, representing 23.61% of the Company's outstanding share capital of 418,816,103 ordinary shares.

For further information, please contact:

Oxus Gold Plc Tel: +44 (0) 207 907 2000

Richard Shead

Fairfax I.S. PLC Tel: +44 (0) 207 598 5368

Ewan Leggat / Laura Littley