RNS Number:2625A
Marakand Minerals Limited
23 March 2006



                 Marakand Minerals Limited - Holding in Company


Marakand Minerals Limited ("Marakand" or "the Company") received notification on
21 March 2006 pursuant to the provisions of the Companies Act 1985 that Oxus
Gold Plc and its direct and indirect subsidiaries, being non-beneficial holders,
has increased its shareholding by a further 1,343,097 ordinary shares and now
holds 83,753,577 ordinary shares representing 82.91 per cent of the ordinary
issued share capital of the Company.

Marakand wishes to further advise its shareholders that Richard Robinson,
non-executive Director of Marakand has tendered his Marakand ordinary shares to
Oxus at a ratio of three Marakand shares to one Oxus share.

Richard Robinson - 23,490 ordinary shares representing 0.02 per cent of shares.



End:


For further information please contact:

Marakand Minerals Limited
Alasdair Stuart, CEO Tel: +44 77 3326 0174
Joanna Solino, Investor Relations Officer Tel: +44 20 7907 2000

Buck-Bias Limited
Alex Buck / Nick Bias Tel: +44 79 3274 0452


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

END
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