Senior Management Change

Chaarat Gold Holdings Limited
                          ("Chaarat" or "the Company")

                            Senior Management Change

Road Town, Tortola, British Virgin Islands (26 August 2011)

The Board of Chaarat announces that Mr. Benoit de Galbert, Chief Operating
Officer, has left the Company.  Dekel Golan, Chief Executive, continues to lead
the operational team in Kyrgyzstan so as to ensure uninterrupted progress on the
construction of the Tulkubash Project.

Activities on site and in Bishkek are continuing and the project is progressing
satisfactorily.  The Company will announce its half year report and provide the
market with a development update in September.

Chaarat has raised the funds and commenced construction of the maiden production
facility producing gold from the Tulkubash portion of the Chaarat deposit.  The
Tulkubash benefits from open pit free milling ore.

The total resource estimate for the Chaarat Project now stands at 4.736 Moz, at
an average grade of 4.28 g/t.

Enquiries:

 Chaarat Gold                                         [phone]
 c/o Central Asia Services Limited
 Dekel Golan - CEO                                      [e-mail]
 Linda Naylor - Finance Director                 [e-mail]



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

 Bankside Consultants                                + 44 (0)20 7367 8888
 Simon Rothschild                           [e-mail]




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 4.736Moz at a grade of 4.28g/t gold across 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 as the Kiziltash project comes on stream.

Further information is available atwww.chaarat.com







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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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