RNS Number:8493S
Oxus Gold PLC
04 December 2003


                                 Oxus Gold plc

  Subsidiary admitted to the Alternative Investment Market of the London Stock
                                Exchange ("AIM")


The Directors of Oxus Gold plc ("Oxus" or the "Company") are pleased to note the
admission today to AIM of its subsidiary, Marakand Minerals Limited
("Marakand"), by way of an Introduction by Williams de Broe Plc.

Update on distribution of Marakand shares

On 17 October 2003 Oxus announced that it intended to distribute part of its
shareholding in Marakand to its shareholders. The proposed distribution is
subject to the prior approval of Oxus shareholders at an EGM and a court order.
The Company expects to despatch a circular to shareholders in the next few days.
An announcement will be made when the circular is despatched. It is proposed
that Oxus shareholders will receive one share in Marakand for every ten shares
held in the Company.


4 December 2003

For further information:

Oxus Gold plc                   Russell & Associates
Richard Wilkins                 London: Alex Buck
Tel: +44 (0) 20 7907 2000       Tel: +44 (0)7932 740452

Williams de Broe Plc            Johannesburg: Marion Brower
Louis Castro / David Newton     Tel: +27 (11) 880 3924 / +27 (0)82 895 0698
Tel: +44 (0) 20 7588 7511

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

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