MKD Marakand

RNS Number:7157H
Marakand Minerals Limited
24 January 2005


       Marakand stepping up exploration of priority targets in Uzbekistan

Marakand Minerals Limited ("Marakand") is pleased to announce that it is
entering into a detailed stage of exploration at its priority exploration
targets surrounding the Khandiza Deposit in south east Uzbekistan. This includes
a defined work program for Yakkabag Ridge, where detailed exploration and
drilling will commence in Q1 2005.

Thirty-four prospective targets in three areas, (see table below), have been
identified in a similar geological setting to Marakand's already well-explored
Khandiza Deposit. Khandiza is recognised as a 'classic' volcanogenic massive
sulphide deposit, with JORC classified reserves and resources of 14.4 million
tonnes at an average grade of 7.24% zinc, 3.50% lead, 0.86% copper, 134 g/t
silver and 0.38 g/t gold.

    Target area         Volcanic Centres        Massive sulphide occurrences / 
                                                geochemical anomalies
   --------------     -----------------------   ------------------

Chornova-Vakhshivar   3 - (Chornova,            Khandiza Deposit plus 14 others
                      Vakhshivar West and
                      East)

Yakkabag Ridge        3 - (West Yakkabag,                   11
                      Sulukul and Kuldara)

Karasan-Sangar
dak                   2 - (Karasan and                       9
--------------        Sangardak)                 ------------------
                      -----------------------
    Total                                 8                 35
--------------        -----------------------    ------------------

Following satellite image interpretation and ground mapping, Marakand has
sampled three zones of outcropping mineralisation at Sulukul on the Yakkabag
Ridge, where assays of massive sulphide samples average 19.6% zinc, 3.2% lead
and 0.9% copper. Samples of oxidised mineralisation in two of the zones assay on
average 6.0% lead and 241 g/t silver.

Ends.

Enquiries:

Marakand Minerals Limited                         
Alasdair Stuart, CEO                                Tel: +44 (0)7733 260 174      
Joanna Solino, Investor Relations Officer           Tel: +44 (0)20 7907 2000

Buck-Bias Limited                                 
Alex Buck / Nick Bias                               Tel: +44 (0)7932 740 452



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