Chaarat Gold Holdings Ltd : Directorate changes

Chaarat Gold Holdings Limited

                          ("Chaarat" or the "Company")

                              Directorate changes

Road Town, Tortola, British Virgin Islands (17 October 2011)

Chaarat  (AIM -  CGH), the  AIM quoted  exploration and development company with
assets  in  the  Kyrgyz  Republic,  announces  that  David Tang and Luo Tao, the
representatives  of  China  Nonferrous  Metals  and  Mining  Co.  Ltd ("CNMIM"),
resigned as non-executive Directors on 14 October 2011.

The  Board and CNMIM  will continue to  work together; despite the resignations,
CNMIM  has  emphasised  that   all  options  in  respect of their holding in the
company and participation in the project remain open.

CNMIM  were entitled to appoint two directors  to the Board of Chaarat under the
investment  agreement signed in 2009, based on  an interest of 20%  in the share
capital  of Chaarat.  As  a result of  the placing completed  in March 2011, the
holding of CNMIM was diluted to below 9%.

Christopher  Palmer-Tomkinson, Chairman,  comments "We  wish to thank David Tang
and  Luo Tao for  their valuable contribution  to Chaarat's development.  We are
delighted that we will continue to work together as we move towards production."


 For further information about the Company please contact:

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

 Westhouse Securities Limited
                                     [phone]

 Tom Price                            [e-mail]
 Richard Baty                         [e-mail]

 Bankside Consultants                [phone]

 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 combined
annual  production  of  over  200,000 ounces  as  the Kiziltash project comes on
stream.

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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