Purchase of shares

RNS Number:2620A
Oxus Gold PLC
23 March 2006


news release

For immediate release: 23 March 2006


                                 OXUS GOLD PLC

                              HOLDINGS IN COMPANY


LONDON: 23 March 2006 - Oxus Gold plc ("Oxus" or "the Company") (OXS.L)
announces that it has acquired an additional 447,695 ordinary shares of Marakand
Minerals Limited ("Marakand"), (MKD.L) mainly from individual shareholders.
Following the acquisition, Oxus has increased its shareholding from 82,410,480
to 83,753,577 ordinary shares representing an increase from 81.58 per cent to
82.91 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 447,695 new Oxus shares to be admitted to the AIM
Market. Dealings are expected to commence in the new ordinary shares at 29 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 297,139,172 ordinary shares.


                                      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)20 7367 8873
Oliver Winters



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

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