Chaarat receives Exploration Licence Renewal

Chaarat Gold Holdings Ltd

                    ("Chaarat" or "the Company")

  Chaarat receives exploration licence renewal over its 604 square
              kilometre property in the Kyrgyz Republic

Road Town, Tortola, British Virgin Islands (21 August 2008).

Chaarat (AIM:CGH)  is pleased to announce the renewal of its
exploration licence (Licence # Au 174-02) over its 604 square
kilometre 100% held  property in the Jalal-Abad Oblast of the Kyrgyz
Republic.

The application for renewal was submitted to the State Agency of
Geology and Mineral Resources under the Government of the Kyrgyz
Republic ("SAGMR"). The renewal, by way of Licence Agreement no. 6,
was granted on 22 July 2008.

Licence Agreement no. 6, an integral part of Licence Au-174-02,
extends the term of the Licence for a further two years from 1
January 2009 until 31 December 2010.  The Licence extension applies
to the entire 604 square kilometre property, as the Licence is not
subject to any relinquishment requirements.

In terms of legislation and various agreements between Chaarat and
SAGMR, Chaarat is entitled to apply for a further period of 2 years,
which would extend the licence until 10 December 2012, before the
company is obliged to apply for a mining licence.

The State Agency of Geology and Mineral Resources has written to
Chaarat advising them of the renewal of the exploration licence and
expressing its support for the progress at the Chaarat Property as an
important development in the Jabal-Abad Oblast and in expanding the
mineral industry of the country.

Chaarat Gold
Chaarat Gold Holdings is an exploration company founded for the
purpose of developing the Chaarat Licence Area and was admitted to
AIM on 8 November 2007.  Chaarat is planning to complete a
pre-feasibility study by the first half of 2009.

The Chaarat Licence Area is 100% held and is situated within the
Middle Tien Shan Mountains of Kyrgyzstan, which form part of the Tien
Shan gold belt.  In April 2008 Chaarat announced a total resource of
3.14 million ounces of gold at 4.41 g/t.


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 herein to reflect any change in
Chaarat's expectations with regard thereto 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.



Enquiries:

Chaarat Gold Holdings
Ltd                                                Tel:  +44 (0) 20
7499 2612
Dekel Golan, CEO - [e-mail]
Terry Cross, CFO  -  [e-mail]


Canaccord Adams
Limited                                                 Tel:  +44 (0)
20 7050 6500
Mike Jones - [e-mail]

Smith's Corporate
Advisory                                               Tel: +44 (0)
20 7239 0140
Dominic Palmer-Tomkinson - [e-mail]

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