Chaarat Gold Holdings Limited Placing of £2.6 ...

* Issue of 5,700,000 new ordinary shares at 46p to ASVI Inc. ("ASVI"), a
    company based in Malaysia which is involved in providing high end technical
    support to mining projects.

Road Town, Tortola, British Virgin Islands (9 November 2010)

Chaarat  Gold Holdings Limited (AIM: CGH) ("Chaarat" or the "Company"), the gold
exploration and development company operating in the Kyrgyz Republic, is issuing
5,700,000 new  ordinary  shares  of  US$0.01  each  (the  "Placing Shares") at a
placing price of 46 pence per share (the "Placing") to ASVI.

As  announced on 2 November 2010 the  anticipated investment of approximately £2
million  by China  Nonferrous Metals  International Mining  Co Ltd ("CNMIM") has
been  cancelled  due  to  the  regulatory  delays  in obtaining approval for the
investment.  ASVI indicated its interest in buying the shares from the cancelled
CNMIM  subscription at close  to market price,  thereby generating approximately
15% more  cash for  the Company  than through  the CNMIM investment, which would
have taken place at 40p per share.

Following  the issue  of the  Placing Shares  there will be 147,033,900 ordinary
shares  of US$0.01 in issue.  The Placing Shares will, following allotment, rank
pari  passu in all respects with the existing issued shares.  The Placing, which
is  being conducted under the  existing power granted to  the Directors to allot
shares,  is  expected  to  be  completed  at  8.00 a.m.  on  15 November 2010 on
admission of the Placing Shares to trading on AIM.

Commenting on the Placing, Dekel Golan, CEO of Chaarat, said:

"ASVI,  which has  substantial expertise  in various  mining fields, will assist
Chaarat  by providing high level consulting  advice including on the exploration
and project development of the Chaarat projects.

"We  see  this  subscription  as  a  strong  endorsement of both the Chaarat and
Tulkubash  projects as  well as  our management  team.  Whilst  Chaarat is fully
funded  to complete the Definitive Feasibility study of the Tulkubash project as
well  as the Pre-feasibility  study of the  Main project, these additional funds
will  enable the Company to commence certain development activities earlier than
originally anticipated."

Chaarat  is required to give notice to CNMIM  if it intends to issue any Chaarat
shares for cash or non cash consideration.  CNMIM may within 15 business days of
receipt  of the  notice give  written notice  to require  Chaarat to  issue such
number of Chaarat shares to CNMIM on the same terms as the Placing Shares, as is
necessary to maintain the percentage holding of CNMIM prior to the Placing.  The
required  notice in respect of  the issue of the  Placing Shares will be sent to
CNMIM and a further announcement made, if appropriate.


 Further information about the Company:

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

 Westhouse Securities Limited             [phone]

 Tim Feather                               [e-mail]
 Richard Baty                              [e-mail]

 Smith's Corporate Advisory               [phone]

 Dominic Palmer-Tomkinson                 [e-mail]

 Conduit PR                               [phone]

 Jos Simson                               [e-mail]
 Emily Fenton                             [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 Main and
Tulkubash  projects situated within the Middle Tien Shan Mountains of Kyrgyzstan
which  form part of the Tien Shan gold belt. The Company has thus far delineated
a  JORC compliant  mineral resource  of 4.009 Moz  at a  grade of  4.14 g/t gold
across  both deposits.  The Company  is currently in the  process of compiling a
Pre-Feasibility  study on the Main Project and a Definitive Feasibility Study on
the  Tulkubash  project.   Chaarat's  objective  is  to  become  a low cost gold
producer  targeting production of  over 200,000 ounces per  annum by early 2013
from  the Chaarat Main project with  first production from the smaller Tulkubash
project in Q4 2011
www.chaarat.com


Disclaimer
This  press  release  includes  forward-looking statements. Such forward-looking
statements  involve known and  unknown risks, uncertainties  and other important
factors   beyond   Chaarat's  control  that  would  cause  the  actual  results,
performance  or achievements of  Chaarat to be  materially different from future
results,  performance  or  achievements  expressed  or  implied by such forward-
looking  statements.  Such  forward-looking  statements  are  based  on numerous
assumptions  regarding Chaarat's present and  future business strategies and the
environment  in which  Chaarat will  operate in  the future. Any forward-looking
statements  speak  only  as  at  the  date  of this document.  Chaarat expressly
disclaims  any obligation or undertaking to disseminate any updates or revisions
to  any forward-looking  statements contained  in this  document to  reflect any
change  in Chaarat's expectations with regard to  these or any change in events,
conditions  or circumstances on which any such statements are based. As a result
of these factors, the events described in the forward-looking statements in this
press release may not occur either partially or at all.


[HUG#1460433]








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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE