RNS Number : 6277W
Oxus Gold PLC
13 June 2008
Oxus Gold Plc
APPOINTMENT OF NON- EXECUTIVE DIRECTOR
LONDON: 13 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 Stacey/ Ed Portman Tel: +44 (0)20 7429 6606
+ 44(0)792
292 3306
Appendix
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
END
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