MKD Marakand

RNS Number:5935V
Marakand Minerals Limited
26 April 2007

                                                                   26 April 2007

                                MARAKAND UPDATE

Marakand Minerals Limited ('Marakand', or the 'Company') (MKD.L), the Eurasian
base metal and silver company wishes to advise its shareholders that further to
the Company's press release dated 12 March 2007 its parent company and major
shareholder, Oxus Gold plc ("Oxus") (OXS.L), has made an offer to acquire the
Company's interests in its Turkish exploration projects.

Oxus' offer, dated 23 April 2007, has been made subject to the transaction
proceeding between Oxus and KazakhGold Group Limited ("KazakhGold") (KZG.L),
whereby Oxus has agreed in principle and subject to final contract, to sell
certain assets to KazakhGold, including Marakand's exploration assets in Turkey.

Oxus has offered US$950,000 in cash to acquire the Company's 25% interest in the
Hatay Madencilik joint stock company and the Hatay copper / gold exploration
licence, and the rights to an Option Agreement on the Karakilise copper / gold
exploration licence. The proceeds of the offer will be applied to reducing the
Company's loan account with Oxus. This offer is consistent with a recent fair
market valuation undertaken by independent mineral industry consultants, and the
Directors have accepted Oxus' offer. The book value as at 31 December 2006 was
US$610,840. In addition, William Charter, the Company's independent director,
having been advised by Canaccord Adams Limited, considers the terms of the offer
to be fair and reasonable in so far as the Company's shareholders are concerned.
Both license areas are located in the prospective southern Turkish 'ophiolite
belt' related to the Cyprus Arc, and host 'Cyprus-type' copper / gold
mineralisation.

Contacts:
Marakand Minerals Limited
William Charter, Director                              Tel: + 998 93 180 8368
Julia Flowers, Investor Relations Officer              Tel: +44 (0)20 7907 2000

Canaccord Adams Limited
Mark Ashurst                                           Tel: +44 (0)20 7050 6500





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

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