Exhibit 5.1 OPINION OF JACKSON, TUFT, COLE & BLACK July 17, 1995 OXIS International, Inc. 6040 N. Cutter Circle Suite 317 Portland, Oregon 97217-3935 Ladies and Gentlemen: With reference to the Registration Statement on Form S-3 (the "Registration Statement") to be filed by OXIS International, Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission under the Securities Act of 1933, as amended, relating to 5,075,073 shares of Common Stock, par value $.50 per share, of the Company (the "Common Stock"), it is our opinion that with respect to (i) the shares of Common Stock to be offered and sold pursuant to the Registration Statement which are issued and outstanding on the date hereof, such shares of Common Stock are legally issued, fully paid and nonassessable and (ii) the shares of Common Stock to be offered and sold pursuant to the Registration Statement which are issuable pursuant to the terms of stock options or warrants, such shares of Common Stock, when issued and sold in accordance with the applicable stock option or warrant, will be legally issued, fully paid and nonassessable. We hereby consent to the filing of this opinion with the Securities and Exchange Commission as Exhibit 5.1 to the Registration Statement. Very truly yours, Jackson, Tufts, Cole & Black 32