RNS Number:8492S
Marakand Minerals Limited
04 December 2003


                           Marakand Minerals Limited                 
             Admission to the Alternative Investment Market of the
                             London Stock Exchange


London, 4 December 2003. Marakand Minerals Limited ("Marakand") is pleased to
announce the admission today of its Ordinary Shares and Warrants to trading on
AIM.


Marakand intends to develop the Khandiza polymetallic deposit, situated in
Uzbekistan's Surkhandarya Province, in the south-east of the country.


The Khandiza deposit contains an audited resource above a 2% zinc cutoff of 13.0
Mt at an average grade of 8.3% zinc, 4.1% lead, 1.0% copper, 144 g/t silver and
0.34 g/t gold. Khandiza is predominantly zinc and silver in terms of expected
revenues. Further base metal and precious metal exploration potential also
exists within a wider 5,300 km2 area in southeast Uzbekistan.


CEO Alasdair Stuart said today, "I am pleased that the introduction of the
Company was completed within the set timeframe and glad to report that work has
already commenced on improving upon the Khandiza resource statement and on
engineering and environmental studies in Uzbekistan. With approximately #4
million of funds in place and the listing complete, we are well positioned to
complete the bankable feasibility study by the end of June 2004. By listing
Marakand separately, we expect the value of Khandiza and other potential base
metal projects within our exploration areas to be maximised."


There are currently 101 million Ordinary Shares in issue and 20 million
Warrants. Williams de Broe Plc is Nominated Adviser and Broker to Marakand, a
subsidiary of Oxus Gold plc.


4 December 2003


For further information:

Marakand Minerals Limited        Russell and Associates:
Katie Campbell                   London: Alex Buck
Tel: +44 (0) 20 7907 2000        Tel +44 (0) 7932 740 452

Alasdair Stuart                  Johannesburg: Marion Brower
Tel: +998 71 120 6715            Tel: +27 (0)11 880 3924/ +27 (0)82 895 0698
mob: +998 93 171 2401 (Uzbek)

www.marakand.co.uk

Williams de Broe Plc
Louis Castro / David Newton
Tel: +44 (0) 20 7588 7511






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