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Oxus Gold PLC (OXS)

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Friday 13 June, 2008

Oxus Gold PLC

Directorate Change

RNS Number : 6277W
Oxus Gold PLC
13 June 2008

Oxus Gold Plc


LONDON13 June 2008 

Oxus Gold Plc ('Oxus'or the 'Company') (OXS.L), the Uzbekistan gold and silver miner, announces that Richard Barry Shead has joined the board of the Company as a non-executive director. 

Mr Shead, 56, was previously employed by Oxus as the Company's Executive Director of Corporate Development from June 2003 to October 2004. 

Speaking today, CEO Richard Wilkins said 'In his new role, Richard Shead will add corporate strategic thinking and development strength to the board as Oxus moves towards increasing production through the development of its sulphide mine in Uzbekistan'.

Mr Shead has many years' experience in the mining industry in South Africa. He was CEO of East Daggafontein Mines Limited until 2002 and played an instrumental role in the merging of that company with Mvelaphanda Resources Limited in 2002. Subsequently he served with Oxus in the above mentioned capacity until October 2004, and was a director and CEO of Shanta Gold Limited until March 2008.  Details of Mr Shead's other current directorships are set out in the appendix.

Mr Shead has been granted 500,000 options to purchase ordinary shares in the Company at an exercise price of 25p, one third on first gold production from the Asaukak heap leach mine at Amantaytau Goldfields (AGF), and two thirds on first gold production from the underground sulphide mine at AGF.

There are no further disclosures that need to be made under Schedule 2, paragraph (g) of the AIM Rules for Companies.  

For further information, please contact:

Oxus Gold plc

Jonathan Kipps                                                  Tel:  +44 (0)20 7907 2000

Richard Wilkins 

Canaccord Adams Limited  

Mike Jones                                                        Tel:  +44 (0)20 7050 6500

Conduit PR.

Jane StaceyEd Portman                                   Tel: +44 (0)20 7429 6606

                                                                               + 44(0)792 292 3306


Current Directorships

Benguela Concessions Limited

Bengulea Concessions (Namibia) (Pty) Limited

Benguela Operations (Pty) Limited

Craighall Nominees (Pty) Limited

Dumpco Limited

East Daggafontein Mineral Holdings (Pty) Ltd

Exploration and Prospecting Management Services (Pty) Limited

Hitech Nominees (Pty) Limited

Industrial & Commercial Holdings Group Ltd

Kroondal Platinum Mines Ltd

Mineral Enhancement S.A. (Pty) Ltd

MFC Exploration (Pty) Limited

Moonstone Diamonds S.A. Pty Limited

Moonstone Diamonds (Namibia) (Pty) Limited

R N H Style Management Services (Pty) Ltd

Southern Prospecting (Pty) Limited

Southern Prospecting Field Operations (Pty) Ltd

Southern Prospecting Holdings (Pty) Limited

Southern Prospecting Management Services (Pty) Ltd

S P Mineral Rights (Pty) Limited

Stand 129 Nettleton Road (Pty) Ltd

Vallivue (Pty) Limited

Venmil Limited

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