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Oxus Mining Plc (OXS)

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Tuesday 12 November, 2002

Oxus Mining Plc

Stmnt re Share Price Movement

Oxus Mining Plc
12 November 2002

OXUS MINING PLC ('Oxus' or 'the Company')

The Directors of Oxus have noted today's rise in the price of the Company's
shares.  Representatives from MAED Limited, which controls approximately 26 per
cent. of the ordinary share capital, are in discussions with the board with
regard to changes in the management of the Company.  These discussions are
ongoing and details have not been finalised.

The Directors have not received any approaches from MAED Limited or any others
with a view to an offer for the Company being made.


Brown Shipley Corporate Finance

Bill Staple                                          Tel: +44 (0) 20 7606 9833

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