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Oxus Gold PLC (OXS)

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Friday 21 December, 2007

Oxus Gold PLC

Directorate Change

Oxus Gold PLC
21 December 2007

                                 OXUS GOLD PLC

                              Changes to the Board

LONDON: 21 December 2007 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) is
pleased to announce changes to its board of directors.

With effect from 7 January 2008 Richard Wilkins will be appointed Chief
Executive Officer and Jonathan Kipps will be appointed Company Secretary in
addition to his current role as Finance Director. William Trew will be stepping
down as Chief Executive Officer and resigning as a director of Oxus in order to
pursue other business interests.

In addition, Miradil Djalalov, the managing director of Zeromax GmbH
('Zeromax'), the Company's strategic alliance partner in Uzbekistan, will join
the board as a non-executive director, and John Donald will join the board as an
executive director and will be appointed as Chief Operating Officer.

John Donald's principal responsibility will be to bring the phase 2 underground
sulphides project at Amantaytau Goldfields ('AGF') into production. Mr Donald, a
mining engineer, previously held the position of Chief Operating Officer and was
a director of the Company, prior to retiring in September 2004, during which
time he presided over the construction and initial operations at AGF's Phase 1
open pit oxides project. Mr Donald has over 30 years' experience in the mining
industry, including underground mining experience, with AngloGold, Randgold
Resources and Consolidated Mining Corporation.

Also with effect from 7 January 2008, the directors of the Company have
appointed Graham Hill, General Director of AGF, as an alternate director. Mr
Hill will be entitled to attend all the Company's board meetings and to vote in
respect of each of his appointers who is absent. He will continue to act as
General Director of AGF. Prior to joining AGF Mr Hill, a mechanical engineer,
worked for MAED Limited in Africa, Uzbekistan and Kyrgyzstan.

Douglas Sutherland remains as acting non-executive chairman, and Oliver Prior
and Gordon Wylie remain as non-executive directors of the Company.

Richard Wilkins, commented: 'Firstly I would like to thank Bill Trew for
everything that he has done for Oxus. Under his tenure as CEO the Company was
transformed from a junior exploration company to a gold producer, an important
milestone in the Company's development. His leadership and vision were greatly
appreciated and we all wish him well for the future.

'I am delighted to welcome Miradil Djalalov to the board. The strategic alliance
with Zeromax will continue to play an important role in Oxus's future and Mr
Djalalov's direct involvement with the Company will enhance this relationship.'

'Our main priority is to develop the underground project at AGF, which contains
the bulk of our reserves and resources, and is expected to increase AGF's
production to over 300,000 ounces a year. In this respect I am also delighted to
welcome John Donald back to the Company, whose relevant experience, both in
underground mining and in Uzbekistan, can only enhance our ability to deliver
this project into production efficiently and effectively. Finally Graham Hill's
appointment will further strengthen the technical expertise on our board and we
look forward to welcoming him as an alternate director.'

Further details relating to Mr. Djalalov, Mr. Donald and Mr. Hill are set out

Mr. Miradil Sabitovich Djalalov, aged 42, is the Managing Director of Zeromax
GmbH (Switzerland) which is wholly-owned by Mr Djalalov and his wife. He was
previously CEO and owner of Zeromax LLC (USA). Mr. Djalalov is currently
indirectly interested in 57,000,000 ordinary shares in the Company through
Zeromax, representing 15.6 per cent. of the outstanding share capital. Mr.
Djalalov also holds an indirect option, through Zeromax, to acquire up to
52,254,353 additional ordinary shares in the Company at 80 pence per share from
RAB Special Situations (Master) Fund Limited.

Mr. John Clow Donald, aged 59, was a previous director of Consolidated Mining
Corporation, General Manager of Randgold Resources Ltd., director and the major
shareholder of Thistle Minerals Limited and director and COO of Oxus Gold plc.
Mr. Donald is currently a director and the major shareholder of Cally
Investments Ltd. Mr. Donald is also a member of Mine Managers Association of
South Africa and a member of the Institute of Mining and Metallurgy of South

Mr. Graham David Hill, aged 49, is General Director of Amantayau Goldfields AO,
Oxus's 50% owned joint venture in Uzbekistan. Mr. Hill is currently interested
in 35,000 shares in the Company and holds 200,000 options, each exercisable for
one share in the capital of the Company at 54 pence per share.

There is no further information in regard to the appointment of Mr. Miradil 
Sabitovich Djalalov, Mr. John Clow Donald and Mr. Graham David Hill required to 
be disclosed pursuant to Schedule 2 paragraph (g) of the AIM rules for Companies.


Oxus Gold plc

Richard Wilkins                  Tel: +44 (0)20 7907 2004
Johnny Kipps                     Tel: +44 (0)20 7907 2007

Canaccord Adams Limited          Tel: +44 (0)20 7050 6500
Erin Needra/Mike Jones

Bankside Consultants Ltd.
Keith Irons/Oliver Winters       Tel: +44 (0)20 7367 8873

                      This information is provided by RNS
            The company news service from the London Stock Exchange