Directorate change

Chaarat                         Gold                         Holdings
Ltd
31 October 2008
RESIGNATION OF FINANCE DIRECTOR

Chaarat Gold Holdings (AIM - CGH) ("Chaarat" or the "Company")
announces that Mr. Terence Arthur Cross, Finance Director and Board
member since July 2007, has given notice of his intended resignation.
The resignation will become effective on 31 December 2008.

Mr. Harry Marcus George Lopes, age 31, will be appointed Chief
Financial Officer from 1 January 2009. Mr. Lopes is a Chartered
Accountant with 6 years experience in the Audit and Corporate Finance
departments of Grant Thornton UK LLP.  Mr. Lopes has been employed as
the Business Development Manager for Chaarat since May 2008.

Chaarat CEO, Dekel Golan, said "Terry has made a valuable
contribution to Chaarat and his hard work was instrumental in the
success of the IPO. The Board wishes to thank him for his
contribution and wishes him well for his future".



Enquiries:

Chaarat Gold Holdings Ltd                 Tel:  [phone]
   Dekel Golan  - [e-mail]
   Terry Cross  - [e-mail]

Canaccord Adams Limited                   Tel:  [phone]
 Mike Jones [e-mail]

Smith's Corporate Advisory                Tel:  [phone]
   Dominic Palmer-Tomkinson - [e-mail]

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