AGM Statement

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

                                 AGM Statement


Road Town, Tortola, British Virgin Islands (7 July 2011)

At  the Annual General  Meeting of the  Company to be  held at 10.00 a.m. today,
Christopher Palmer-Tomkinson, Chairman, will make the following statement:

"The year under review has been one of significant progress for your Company, as
outlined  in  the  Annual  Report  &  Accounts.   The potential of the Tulkubash
section  of the deposit  was recognised, offering  the opportunity to gain early
cashflow,  albeit  from  a  resource  that  is  relatively small compared to the
overall  project,  a  development  that  the  Company  is  pursuing vigorously.
Attaining  our  objectives  for  Tulkubash  will  be  assisted by the successful
fundraising of $80m, which was completed in March this year.

"This  progress has continued: recently  we announced the pre-feasibility report
on  the Chaarat Gold project, in which SNC-Lavalin have outlined a robust set of
economics  for  the  project.   However,  partly  through the staging of capital
expenditure, we believe the project economics can be substantially improved.

"This  morning we  announced the  latest drill  results on  the Contact Project,
which  adds  a  further  16.5% to  the  Mineral  Resource in that section of the
overall  Chaarat Project.   The drilling  facilitated an  upgrade of  36% in the
indicated  category  of  the  resource  estimate.   Significantly  the  drilling
demonstrated  an increase of grade  at depth, and bodes  extremely well for both
the  size and quality of the overall resource across Chaarat: the total resource
estimate for the Chaarat Project now stands at 4.736 Moz, at an average grade of
4.28 g/t,  compared to 4.406 Moz at an average grade of 4.2 g/t when the Company
last announced a resource estimate in February this year.

"Operating  in  the  Kyrgyz  Republic  continues  to present challenges, but our
relationship  with the authorities  there remains positive.   It is particularly
pleasing  that the Kyrgyz Government recently acted swiftly to refute inaccurate
rumours  circulating that  nationalisation of  major ore  bodies in  country was
contemplated and we look forward to further cooperation in the future."


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) 207 367 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 at www.chaarat.com







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     originality of the information contained therein. 
    
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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