Issue of Equity

Oxus Gold plc

("Oxus Gold" or the "Company")

Issue of Equity and Total Voting Rights

Oxus Gold announces that on 5 February 2013, a total of 87,260 new ordinary shares of 1p each in the Company were issued and allotted to SP Angel Corporate Finance LLP ("SP Angel"), the Company's Nomad and Broker, in lieu of certain fees due to them for the period from 1 January 2013 to 31 March 2013. The new ordinary shares were issued to SP Angel at the mid-market closing price on 31 December 2012, being 2.865p.

The new ordinary shares rank pari passu with the existing ordinary shares of the Company.

Application has been made for admission of the new ordinary shares to trading on AIM which is expected to occur on or around 11 February 2013.

Total Voting Rights

Following this issue of new ordinary shares, the Company's issued share capital now consists of 442,236,365 ordinary shares of 1p each, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 442,236,365.

The above figure of 442,236,365 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

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