Directorate Change

RNS Number:4873P
Marakand Minerals Limited
15 January 2007



                                                                     For Release
                                                                 15 January 2007
                              DIRECTORATE CHANGES
                                SHARE ALLOTMENT

Marakand Minerals Limited ('Marakand', or the 'Company'), the AIM quoted
Eurasian base metal and silver company announces its intention to reconstitute
its Board of Directors ('the Board') with immediate effect.

The decision to restructure the Board has been taken to ensure an appropriate
Board composition and cost structure in light of the ongoing process of seeking
clarity on the Company's future in the Khandiza project, the exploration focus
in Turkey and the increased ownership, financial support and involvement in
Marakand by Oxus Gold plc.

Accordingly Alasdair Stuart and Richard Robinson have offered their resignation
with immediate effect. William Charter remains on the Board as executive
director, to be joined by Oliver Prior as non-executive director. Mr Prior
presently serves as an independent non-executive director on the Board of Oxus
Gold plc.

Other Directorships - Oliver Charles Prior, 60

Present - Oxus Gold plc
Past - Willis Faber & Dumas Limited ("Willis")

No other information falls to be disclosed in respect of Mr Prior under
schedule 2(g) to the AIM Rules.

The Company has also allotted 2,095,567 shares, representing 2% of the issued
share capital in respect of capitalised fees totalling #119,447. This amount
includes #35,350 of fees due to William Charter.

As a result of the above Mr Charter is now interested in 620,175 ordinary
Marakand shares, representing 0.6% of the issued share capital of the Company.

The Board extends its gratitude to Alasdair and Richard for their loyal and
professional contributions to the Company over the past 3 years and wishes them
every success for the future.

For further information please contact:
Marakand Minerals Limited
William Charter, Director Tel: + 998 93 180 8368
Julia Flowers, Investor Relations Officer Tel: [phone]





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