Drilling Report Results

Chaarat Gold Holdings Ltd

                                                       (AIM:CGH)

                                             ("Chaarat" or "the Company")

             Significant mineralised intersections in the C5300 Project Area at the Chaarat Gold Property

Road Town, Tortola, British Virgin Islands, 7 September 2009.

As indicated in our interim results announced on 27 August 2009, Chaarat today announces encouraging detailed results
from an underground cross-cut intersecting the mineralised ore body and four underground drill holes at the C5300
Project Area on the Contact Zone at its 100% held, 604 square kilometre, Chaarat Gold Property in Kyrgyzstan. The
Chaarat property had, at the end of 2008, an audited Indicated and Inferred JORC resource of 3.34 million ounces gold
at 4.30g/t as announced on 30 March 2009.


Key drill results

                                                 True widths
Cross -cut 4960                                       21.00m at 4.95g/t Au
Drill hole CCH09UG007                                 11.20m at 3.64 g/t Au
Drill hole CCH09UG007                                  5.00m at 5.37 g/t Au
Drill hole CCH09UG006                                 11.67m at 4.17 g/t Au
Drill hole CCH09UG006                                  7.00m at 5.10 g/t Au
Drill hole CCH09UG005                                  9.25m at 4.01 g/t Au



Dekel Golan, CEO of Chaarat, comments "These results confirm management's view of the significant potential of the
Chaarat deposit, which continues to demonstrate excellent continuity, and sustained wide intersections that will allow
the Company to pursue, with increased confidence, our intention to establish a low cost bulk mining operation".

The C5300 Project Area is the northernmost of the three project areas along the Contact Zone ore body. The Contact Zone
is one of three major mineralisation trends where resources have been defined and calculated by SRK, based on drilling
results from the 2008 exploration season, to include a 1.42 million ounce JORC compliant, Indicated and Inferred gold
resource at an average grade of 4.21 g/t  Au over a cumulative strike length of 1,260 metres. Most of the resource
associated with this strike has been defined to a shallow depth of 300 metres below surface. The resource calculated
for the C5300 Project Area, which is included within the above stated resource, has been calculated at 1.01 million
ounces at an average grade of 4.27 g/t Au to a drill defined depth of up to 520m.

The above results demonstrate the continuity of thickness and grade of mineralisation between the C5300 project area
and the other two projects in the Contact Zone along strike to the south.

In order to allow better access to evaluate the Contact Zone mineralisation at depth in the C5300 Project Area, the
Company developed an underground adit in 2007 to intersect the contact zone at 275 metres below the outcrop elevation.
This underground development has been extended along strike with, the establishment of drill chambers and an additional
cross cut. Development along strike is also being extended further to the south where further drill chambers and cross
cuts will be established.

The main adit intersected the Contact Zone mineralisation in early 2008 along Section 5160 with 22.45 metres at 5.78
g/t of Au. Subsequent development enabled the establishment of three underground drilling chambers from which a total
of 6,819 metres were drilled during 2008. Furthermore, during 2008, drill hole CCH08C464 located in the C4600 Project
Area along Section 4520, intersected 17.97 metres (true width) at 6.21 g/t Au. These encouraging results motivated the
further work that was needed to close the gap along strike between the Contact Zone Project Areas.

During 2009, the underground development along strike towards project C4600 has continued. The cross-cut reported here
(Cross-cut 4960) is located on Section 4960 which is 200m south west of the main adit and has further confirmed the
strike continuity of mineralisation to the south, between the Main Adit and the C4600 Project Area. The results provide
the technical support for further developing south to provide the infrastructure for additional drilling to evaluate
and connect the C5300 and C4600 mineralised bodies. The mineralised ore zone intersected will also facilitate bulk
sampling and physical examination for geotechnical and mining purposes. The details of mineralised intersections along
the cross-cut are presented in Table 1.

Four new drill  holes were drilled  from drill chamber  3. The mineralised  intersections of all  four drill holes  are
presented in Table 1. Three of the four drill holes being reported are located on Section 4880 along which drilling was
conducted for the first  time. The fourth hole  is located on Section  4960, down dip of  Cross cut 4960. The  drilling
results from the holes on Section 4880 effectively extend the strike to the south by a further 80 meters to 640 meters,
potentially adding significant  additional resources.  This strike  extension to  the south,  further demonstrates  the
strike continuity  and closes  the gap  between C5300  and the  C4600 project.  In addition  to the  continuity of  the
resource, the results also indicate an increased robustness in thickness and grade to the south, further enhancing  the
potential resource. The mineralisation in the C5300 Project Area remains open both along strike and down dip.

The nature of the Contact Zone
Mineralisation in the Contact Zone is hosted in a wide shear zone which is known to extend for at least 10 km on strike
on the  contact between  the underlying  Ordovician Chaarat  Formation (siltstones  and sandstones)  and the  overlying
Devonian Tulkubash Formation (quartzites). The wide mineralised zones dip at 50-60 degrees to the north-west. The  gold
mineralisation is associated with sulphides, sericitic alteration and minor quartz veinlets.

Within the Contact Zone,  the Company has delineated  three Project Areas  - C5300, C4600 and  C4000. The project  area
numbers represent the on-strike location, in metres, on a base line parallel to the Contact Zone.


Table 1: Drill intervals


Hole ID        Section Drilled From (metres) Drilled To (metres) Length (metres) True width (metres) Au (g/t)

Cross-cut 4960  4960           32.00                58.00             26.00             21.00          4.95
Including       4960           33.00                45.00             12.00             9.69           6.00
Including       4960           37.00                45.00             8.00              6.46           6.84
Including       4960           47.00                52.00             5.00              4.04           6.94
CCH09UG004      4960          177.00               189.00             12.00             6.50           2.81
Including       4960          181.50               189.00             7.50              2.48           3.50
CCH09UG004      4960          193.50               204.00             10.50             5.78           3.04
Including       4960          193.50               199.00             5.50              3.03           4.30
CCH09UG007      4880          106.50               120.00             13.50             11.20          3.64
Including       4880          111.00               120.00             9.00              7.50           4.40
Including       4880          111.00               117.00             6.00              5.00           5.70
CCH09UG007      4880          127.50               129.00             1.50              1.24           5.39
CCH09UG007      4880          142.50               148.50             6.00              5.00           5.37
Including       4880          142.50               145.50             3.00              2.48           7.44
CCH09UG006      4880          132.00               138.00             6.00              4.67           2.04
CCH09UG006      4880          142.50               169.50             27.00             21.00          3.48
Including       4880          148.50               163.50             15.00             11.67          4.17
Including       4880          148.50               151.50             3.00              2.33           5.21
Including       4880          154.50               163.50             9.00              7.00           5.10
Including       4880          154.50               160.50             6.00              4.67           6.40
Including       4880          168.00               169.50             1.50              1.16          11.40
CCH09UG005      4880          177.00               190.50             13.50             9.25           4.01
Including       4880          181.50               187.50             6.00              4.11           5.17
Including       4880          178.50               187.50             9.00              6.17           4.38
CCH09UG005      4880          202.50               207.00             4.50              3.08           2.59



QA/QC Procedures: Sampling Methodology and Quality Control
All samples are sent to the Alex Stewart laboratory in Kyrgyzstan, accredited by the UK Accreditation Service, for
sample preparation and assays. Genalysis, of Australia, a NATA ISO/IEC 17025 accredited laboratory for analysis is
being used for QA/QC check of the analyses of Alex Stewart. Check samples totalling 20% in the form of 2 Standards, 1
Blank and 1 Duplicate in a batch of 20 samples are being used for quality checks of the Alex Stewart assays.

Competent Person
The Competent Person with overall responsibility  and who has reviewed the information  in this press release is  Sunit
Patel, M.Sc (Geology), FGS, GSSA, who is  an employee of Chaarat Gold.  Mr.  Patel is an exploration geologist with  22
years of experience in the resource industry who has sufficient experience relevant to the style of mineralisation  and
type of deposit under consideration and was supervisor to the work which is the subject of this release.

About the Chaarat Gold Project
The Chaarat Project is situated within the Middle Tien Shan Mountains of Kyrgyzstan which form part of the Tien Shan
gold belt.  Mineralisation occurs and resources have been defined in three sub-parallel zones including the Main Zone,
the Contact Zone and the Tulkubash Zone. At the completion of the 2008 exploration season, a Mineral Resource of
3.34Moz at a grade of 4.30 g/t gold (JORC compliant in the Indicated and Inferred categories) had been delineated. The
Company's exploration programme is aimed at increasing the confidence levels in this Resource through infill drilling
and increasing the resource through down-dip and along-strike extension drilling.

About Chaarat Gold Holdings or the Company
Chaarat Gold Holdings is an exploration company founded for the purpose of developing the Chaarat Licence Area. Chaarat
was admitted to AIM on 8 November 2007.


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.

Enquiries


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

Canaccord Adams Limited       [phone]
Mike Jones

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

Conduit PR                    [phone]
Edward Portman                [e-mail]

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