Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

I know the feeling, sold some today as well, she wants a new car !!!!!

LONDON (AFX) - Marakand Minerals Limited said it has undertaken a major board restructuring that has seen the chief executive Alasdair Stuart resign, along with another non-executive director Richard Robinson.

The shake-up comes as the company continues to seek clarity over the future of its Khandiza porject, which was called into doubt in September after the Uzbek government said it would transfer the reserve to its state-owned base metal miner AGMK.

The company also highlighted the increased ownership, financial support and involvement in Marakand by Oxus Gold PLC, which owns 85.78 pct of the company.

Marakand said following the immediate resignation of the two directors, William Charter will remain on the board as executive director and will be joined by Oliver Prior as non-executive director.

Prior currently serves as an independent non-executive director on the board of Oxus Gold.

The company said it has also allotted 2,095,567 shares, representing 2 pct of the share capital, for capitalised fees totaling 119,447 stg.

This amount includes 35,350 stg of fees due to William Charter who is now interested in 620,000 shares, or 0.6 pct of the company.

I wonder if these HUGE trades are buys or sells??

anyone care to comment on the huge buys that just occurred?

yes its the Ubek government filling their yakskin boots

ajcc, Still going well !! 50p looks hopeful in time :)

Hope so Smiler o!! i top-sliced the other day at 43.5 p - hope to see further progress and will hold for the mid-term now (all assuming no tedious developments.....) See you all round at ours soon?

ajcc..where's that?

ajcc, still heading North !! :) will see you on 22nd NW !

Maestro - you're welcome too - bring some beers! Smiler - yes looking good at the mo - see you on the 22nd if not before...

A nice tic up 50p + !! :)

ajcc, only 30p to go and it will be at the last high they had in May 06 (well worth the wait)!! sold out as I said and got some Light metal ! :)

i sure called this one wrong! ..... but still would not buy ... lacks class and can't stand the competition!

well cynic it was touch and go for a while for sure, I am out now and would not buy back in at this price , but Oxus will stay on watch list !

smiler
If your out you better top up your ERX

Oxus Gold PLC
20 February 2007


news release

For immediate release - Tuesday, 20 February 2007



OXUS GOLD PLC

Oxus Gold successfully appeals against Uzbek tax claims

AGF joint venture liable for approx $1 million claims

LONDON: 20 February 2007- Oxus Gold plc ('Oxus' or the 'Company') is pleased to
report that the Navoi Regional Economic Court in Uzbekistan has confirmed that
its Amantaytau Goldfields ('AGF') joint venture is not liable to pay various
taxes, customs duties, fines and penalties imposed on it by the regional tax and
customs authorities for alleged breaches of tax laws.

During August 2006 the regional tax and customs authorities brought a claim
against AGF for back taxes, customs duties, fines and penalties amounting in
total to approximately $225 million for alleged breaches of the Uzbek tax laws.

These claims were upheld by a Navoi regional court at the end of October 2006
but, following an appeal by AGF, on 28 December 2006 the Appeal Court allowed
AGF's appeal and rejected all the principal claims of the regional tax
authority.

As a result, revenue claims, fines and penalties totalling approximately $208
million were no longer payable and various restrictions imposed on AGF's
operations as a result of the earlier ruling, were lifted. The regional tax
authority did not appeal this decision within the permitted timeframe and, as a
result, the Appeal Court's decision in AGF's favour is now effective.

Further, on 7 February 2007 the Navoi Regional Economic Court (the 'Court')
rejected the claims of the regional customs authority on the payment by AGF of
customs duties amounting to an additional $2 million. On 16 February the Court
also rejected the claims of the regional tax authority on the payment by AGF of
taxes amounting to approximately $14 million. Based on the foregoing, AGF will
not be required to pay taxes, customs duties, fines and penalties amounting in
total to nearly $224 million.

However, the Court did decide that AGF was responsible for the payment of
certain revenue taxes due, amounting in total to approximately $650,000, and
could also be liable for the payment of some claims for non-residents' income
tax amounting approximately to a further $450,000. Oxus has already provided
for a sum within its annual accounts to June 30 2006 to cover its 50% share of a
possible outstanding liability of $1.1 million.

Bill Trew, CEO of Oxus, said today: 'We are pleased to have confirmation from
the Navoi Regional Economic Court that AGF is not liable to pay the $224 million
in taxes and penalties. It has always been Oxus's policy to work within the
framework of the legal and taxation regimes in all the countries where we have
interests and we strongly believed that AGF had followed that practice. It is a
relief to us to have this behind us so that we can focus our efforts on the
efficient operation of the AGF oxide plant and the further development of the
sulphide operations where there is significant upside potential.'

END


Further enquiries:

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

Smiler o - always on the ball...

YES AND BACK IN , WITH LUCK and steady progress we could see 60 + with time ! :)

Smiler o - i'm sure.... happy hunting!

ajcc, steady as she goes, happy to sit and wait for my 60p, have you had a look at my GCM Thread !! :) things could be looking up !