Purchase of shares

RNS Number:5249Z
Oxus Gold PLC
09 March 2006


                                                                              

news release


For immediate release: 9 March 2006


                                 OXUS GOLD PLC


                              Holdings in Company


LONDON: 9 March 2006 - Oxus Gold plc ("Oxus" or "the Company") (OXS.L) announces
that it has acquired an additional 24,592,562 ordinary shares of Marakand
Minerals Limited ("Marakand"), (MKD.L) mainly from institutional shareholders.
Following the acquisition, Oxus has increased its shareholding from 57,817,918
to 82,410,480 ordinary shares representing an increase from 57.23 per cent to
81.58 per cent of the ordinary issued share capital of Marakand.

As consideration for the purchase of the shares, application has been made to
the London Stock Exchange for 8,197,521 new Oxus shares to be admitted to the
AIM Market. Dealings are expected to commence in the new ordinary shares at 15
March 2006. The new ordinary shares will rank pari passu with the existing
shares of the Company. Following the allotment the total issued share capital of
the Company will be 296,633,757 ordinary shares.

A review of Marakand's operations and interests and a further announcement will
be made in due course.


                                      Ends


For further information, please contact:


Oxus Gold plc
Richard Wilkins, Company Secretary  Tel: + 44 (0)20 7907 2000

Bankside
Keith Irons                         Tel: + 44 (0)207 367 8873
Oliver Winters




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

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