Director changes

Chaarat Gold Holdings Limited

                          ("Chaarat" or the "Company")

                                Director changes

Road Town, Tortola, British Virgin Islands (11 January 2011)


Chaarat (AIM:CGH) is pleased to announce the appointment of Dr. Robert Maurice
Weinberg as a non-executive director of the Company, and Chairman of the Audit
Committee, with immediate effect.

Dr. Weinberg (aged 63) is an experienced public company director who has more
than 35 years of experience in the international mining industry.  Dr. Weinberg
gained a doctorate in geology from Oxford University in 1973 and has held a
number of senior director positions including, Managing Director, Institutional
Investment at the World Gold Council and a Director of Gold Bullion Securities.
Previously he was a Director of the investment banking division at Deutsche Bank
in London after having been head of the global mining research team at SG
Warburg Securities.  He is a Fellow of the Geological Society of London and
Institute of Materials, Minerals and Mining.

Dr. Weinberg has also held senior positions within Société Générale and was head
of the mining team at James Capel & Co.  He was formerly marketing manager of
the gold and uranium division of Anglo American Corporation of South Africa
Ltd.

Dr. Weinberg is currently a non-executive director of Medusa Mining Ltd, (listed
on the ASX, LSE and TSX), Solomon Gold plc (quoted on AIM) and Kasbah Resources
Ltd (listed on the ASX).

Mr Oliver Greene, previously non-executive director, retired from the Board on
10 January 2011.

Commenting on the board changes CEO, Mr Dekel Golan, commented:

"Oliver joined the board of Chaarat in November 2007 prior to the Company's
IPO.  The whole Board joins me in thanking Oliver for his diligence and
assistance during the Company's first three years on the public market.

"I am delighted to announce Dr. Weinberg's appointment. Robert brings additional
mining knowledge to the board of Chaarat and his experience and involvement with
public gold companies as they progress through development and into production
will be of significant value to Chaarat."

Dr. Weinberg has confirmed that other than his current and previous
directorships disclosed in the table below there are no matters to be disclosed
under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.

 Current directorships



 Kasbah Resources Ltd.

 Medusa Mining Limited

 Solomon Gold plc



 Directorships resigned in last five years



 Falkland Gold and Minerals Ltd.

 Great Bear Resources plc

 Platinum Mining Corporation of India plc



Enquiries

 Chaarat Gold Holdings Limited

 c/o Central Asia Services Limited   [phone]

 Dekel Golan                         [e-mail]

 Linda Naylor                        [e-mail]


 Westhouse Securities Limited        [phone]

 Tim Feather / Richard Baty          [e-mail]

                                     [e-mail]



 Smith's Corporate Advisory          [phone]

 Dominic Palmer-Tomkinson            [e-mail]



 Tavistock Communications            [phone]

 Jos Simson                          [e-mail]



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 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 Kiziltash 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
2014 from the Kiziltash project with first production from the smaller Tulkubash
project in early 2012.

www.chaarat.com







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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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