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Oxus Gold PLC (OXS)

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Friday 21 December, 2007

Oxus Gold PLC

Extension of Option

Oxus Gold PLC
21 December 2007


news release


                                 OXUS GOLD PLC

                              Extension of Option


LONDON: 21 December 2007 - Further to the announcement made on 10 December 2007,
Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) announces that on 20 December
2007 it was notified by RAB Special Situations (Master) Fund Limited ('RAB')
that RAB has agreed to extend the option granted to Zeromax GmbH ('Zeromax') to
acquire up to 52,254,353 ordinary shares in the Company from RAB at a total
consideration of 80 pence per share. The option is exercisable at any time until
4 January 2008 and extendable until 31 January 2008.

Zeromax currently holds 57,000,000 ordinary shares, representing 15.60 per cent.
of the Company's current outstanding share capital. The option can be exercised
in whole or in part and should Zeromax exercise the option in full, Zeromax's
shareholding in the Company would increase to 109,254,353 shares, representing
29.90 per cent. of the Company's current outstanding share capital of
365,399,173 ordinary shares.


                                      END

Contacts:

Oxus Gold plc
Richard Wilkins                          Tel: +44 (0)20 7907 2004

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

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






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