Issue of Equity

16 March 2015

Oxus Gold plc

Issue of Equity

Oxus Gold PLC ("Oxus" or the "Company") announces that RAB Capital Limited, as discretionary manager for RAB Special Situations (Master) Fund Limited, has been issued 18,534,965 new ordinary shares of 1p each in the Company ("Ordinary Shares") in lieu of the accrued interest attributable to convertible loan notes in the Company for the period 06 July 2012 to 5 January 2015. The new Ordinary Shares were issued at a price of 2.14p per share, being the average closing mid-market share price of the Company for the period 06 July 2012 to 5 January 2015.

Application has been made for 18,534,965 new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange. The new Ordinary Shares will rank pari passu with existing Ordinary Shares and dealings are expected to commence in the new ordinary shares on 20 March 2015.

Following the issue of the new Ordinary Shares as set out above, the Company's issued share capital now consists of 566,182,529 ordinary shares of 1p each, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 566,182,529.

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