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Oxus Gold PLC (OXS)

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Monday 16 June, 2003

Oxus Gold PLC

Issue of Equity

Oxus Gold PLC
16 June 2003

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



Oxus announces that on 13 June 2003, under the terms of an authority granted to
the directors, it placed 12,500,000 new ordinary shares in the Company with
institutional and other investors ('the Placing').  The Placing Price was 18p
per share, representing a premium of 1.225p above the 4 week average mid price
of the Company's shares.



Application will be made for the new shares to be admitted to trading on AIM and
it is expected that dealings will commence on 20 June 2003.



Bill Trew, CEO of Oxus, commented: 'Construction of our first mine is fully
funded and is now well underway.  As previously reported, first gold pour is
planned for December.  This Placing reflects the market's confidence in Oxus'
future and the cash will be used to accelerate the development of our very
significant exploration assets, thereby further enhancing shareholder value.'





Enquiries:



Oxus Mining plc                                    Tel:  +44 (0)20 7907 2000
John Donald, COO                                   Email:  enquiries@oxusgold.co.uk

Brown Shipley Corporate Finance                    Tel:  +44 (0)20 7606 9833
Bill Staple




                      This information is provided by RNS
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