Issue of Equity

Chaarat Gold Holdings Limited

                          ("Chaarat" or "the Company")

                              EXERCISE OF OPTIONS

Road Town, Tortola, British Virgin Islands (31 May 2010)

Chaarat  (AIM -  CGH), the  AIM quoted  exploration and development company with
assets in the Kyrgyz Republic, announces that it has issued and allotted 26,000
new  ordinary shares of US$0.01 in the  Company following the exercise of  share
options with an exercise price of 25p.

An  application  for  admission  of  the  new  shares to trading on AIM has been
submitted and trading is expected to commence on 2 June 2011.

The  total  number  of  shares  in  issue  following  the exercise of options is
250,350,368.

Further information about the Company:

Chaarat Gold Holdings Limited                   [phone]
c/o Central Asia Services Limited               [e-mail]
                                                [e-mail]

Westhouse Securities Limited                    [phone]
Tim Feather                                     [e-mail]
Richard                                         [e-mail]
Baty


Note to Editors:

About Chaarat Gold

Chaarat  Gold is an exploration and  development company operating in the Kyrgyz
Republic.   The Company's main activity is  the development of the Kiziltash and
Tulkubash projects situated within the Middle Tien Shan Mountains of Kyrgyzstan,
which  form part of the Tien Shan gold  belt.  The Company has delineated a JORC
compliant  mineral resource of  4.406Moz at a grade  of 4.20g/t gold across both
projects.   The  Company  is  currently  in  the  process  of  compiling  a Pre-
Feasibility  study, incorporating both  projects. Chaarat's key  objective is to
become  a low  cost gold  producer; with  initial production  from the Tulkubash
project,  targeting increased production  of over 200,000 ounces  per annum from
the Kiziltash project.







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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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