Oxus Gold plc

Issue of Equity (Replacement)

This announcement replaces the announcement that was made on 27 May 2014, at 12:12pm under the RNS No 1215I. The only change relates to the description of the ownership of Darwin Strategic Limited, which was stated incorrectly, and has been amended to the following: Darwin is an investment held by funds managed by Henderson Global Investors. All other details in the announcement remain the same.

The full amended text is shown below.

Oxus Gold plc

Issue of Equity

Oxus Gold plc ("Oxus" or the "Company"), is pleased to announce that it has raised approximately £150,000 (net of fees and costs) following a subscription for new ordinary shares in the Company by Darwin Strategic Limited ("Darwin") (Darwin is an investment held by funds managed by Henderson Global Investors). The subscription for new ordinary shares was made by Darwin on 27 May 2014 pursuant to the terms of the Equity Financing Facility Agreement (as announced on 13 March 2013) and at a gross price per share of 2.10p.

Following the subscription for new ordinary shares by Darwin as set out above, the Company has issued and allotted, conditional on admission to trading on AIM, 7,722,007 new ordinary shares of 1p each to Darwin.

The new ordinary shares will rank pari passu in all respects with the existing ordinary shares of 1p each in Oxus.

Application has been made to the London Stock Exchange for 7,722,007 shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that trading in the new Oxus shares will commence on or around 2 June 2014.

Following Admission, the Company's enlarged issued share capital will comprise 512,095,526 ordinary shares with voting rights.

For further information, please contact:

Oxus Gold PLC

Richard Shead

Tel: +44 (0) 20 7907 2000

SP Angel Corporate Finance LLP

Ewan Leggat

Tel: +44 (0) 20 3463 2260


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