Completion of Acquisition of Kyrex Limited

Chaarat Gold Holdings Limited

                          ("Chaarat" or "the Company")

                   Completion of Acquisition of Kyrex Limited

Road Town, Tortola, British Virgin Islands (27 July 2010)

Chaarat Gold Holdings Limited (AIM: CGH) is pleased to announce that, further to
the Company's announcement of 15 July 2010 regarding the proposed acquisition of
Kyrex Limited ("Kyrex") (the "Offer"), all conditions relating to the Offer have
now been satisfied.

The  Offer comprised 54 fully  paid Chaarat ordinary  shares of US$0.01 each for
each  Kyrex share.  The aggregate consideration for  the whole of the issued and
to  be  issued  share  capital  of  Kyrex  comprises 11,928,222 shares (the "New
Shares"),  which equates to 9.73 per cent. of the Company's issued share capital
prior to the issue of the New Shares.

The  New Shares will be issued under the existing power granted to the Directors
to  allot shares.   Application has  been made  and it  is expected that the New
Shares  will  be  admitted  to  trading  on  AIM on 28 July 2010.  Following the
admission of the New Shares to trading on AIM there will be 134,473,900 ordinary
shares in issue.

Investment by China Nonferrous Metals International Mining Co Ltd ("CNMIM")

Pursuant  to  its  subscription  agreement  with  CNMIM, Chaarat is obligated to
notify  CNMIM of its intention  to issue new shares  and CNMIM has the option to
maintain  its percentage holding  in the Company  at 19.9 per cent. of Chaarat's
issued  share capital.  Notice of the issue of the New Shares and also the issue
of  shares relating to the placing  announced on 1 July 2010 (the "Placing") was
given to CNMIM.

Chaarat  is pleased to announce that CNMIM  has confirmed to the Company that it
will  subscribe for such number of shares to maintain its 19.9 per cent holding.
 The  proceeds from  the subscription  are estimated  to be  in the order of £2m
which,  with the  proceeds of  the Placing,  means that  the Company  has raised
approximately  £5.85m (before expenses).  The investment  by CNMIM in Chaarat is
subject  to the necessary regulatory approvals from the Chinese government, such
approvals  are expected by 31 October  2010 and a further announcement regarding
the issue of these shares will be made in due course.



Enquiries:

 Chaarat Gold Holdings Ltd

 c/o Central Asia Services Ltd                   [phone]

 Dekel Golan                                        [e-mail]

 Linda Naylor                                [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]




Chaarat

Chaarat  is  an  exploration  and  development  company  operating in the Kyrgyz
Republic  with its  current main  activity being  the development of the Chaarat
Gold  Project.  The Chaarat Gold Project is 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.  A scoping study demonstrating the economic viability of
the  Chaarat Gold  Project was  completed at  the end  of 2008.  The  Company is
currently  in  the  process  of  compiling  a  pre-feasibility study.  Chaarat's
objective  is to become a low cost gold producer targeting an initial production
of over 200,000 ounces per annum by early 2013.


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#1434158]








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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE