Award of Mining Permit

Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

Award of mining permit

Road Town, Tortola, British Virgin Islands (27 June 2012)

Chaarat (AIM-CGH), the gold exploration and development company operating in the Kyrgyz Republic, is pleased to announce it has been awarded a mining permit for its Tulkubash licence area. In March 2011 the Company raised the funds required for the construction of the Tulkubash Project, which forms part of the Chaarat Project.

The permitting process is described in the Tulkubash project update announced on 7 December 2011 (http://www.chaarat.com/files/20111207_Tulkubash_project_update_FINAL.pdf).

As reported on 16 April 2012, negotiations with the Kyrgyz Government about a long term agreement continue and the directors remain confident of a positive outcome.

Dekel Golan CEO of Chaarat commented: "We are delighted to report on the award of the mining permit for the Tulkubash Project, which marks the achievement of another significant milestone in our progress towards production in 2013."

Enquiries:  

Chaarat Gold Holdings Limited	[phone]
c/o Central Asia Services Limited
Dekel Golan   CEO	[e-mail]
Linda Naylor  FD	[e-mail]
Numis Securities Limited	[phone]
Alastair Stratton, Stuart Skinner (NOMAD)
James Black (Broker)
Bankside Consultants	[phone]
Simon Rothschild	[e-mail]
Smith's Corporate Advisory	[phone]
Dominic Palmer- Tomkinson	[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 Chaarat Gold Project situated within the Middle Tien Shan Mountains, which form part of the Tien Shan gold belt. A JORC compliant mineral resource of 5.590Moz at a grade of 4.08g/t gold has been delineated at the Chaarat Gold Project. Chaarat's key objective is to become a low cost gold producer; with initial production from the Tulkubash project, targeting increased combined annual production of over 200,000 ounces as the full project comes on stream.

In addition to the Chaarat Gold Project, the Company has initiated an exploration programme at Chontash, located in the Akshirak range of mountains of the Kyrgyz Republic. A maiden resource for Chontash was compiled by Wardell Armstrong International and announced in April 2011.

Further information is available at www.chaarat.com

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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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