Drilling update

Chaarat Gold Holdings Limited

                          ("Chaarat" or "the Company")

                  Drilling update - Contact Project (Kiziltash)

Road Town, Tortola, British Virgin Islands (13 April 2011)

Chaarat  Gold  Holdings  Ltd  (AIM:CGH)  is  pleased  to report current drilling
results  from the Contact Project (Kiziltash).  The results from the 7 new drill
holes  show  further  consistency  and  continuity  in the mineralisation at the
Contact  Project.  The Contact Project is located within the Contact Zone of the
Kiziltash  Project and comprises the mineralised  body which has been created by
combining the C4600 and C5300 projects.

Selected results from the Contact Project of the Kiziltash Project

   * UG-28      24.00m   at   4.88 g/t Au

   including     5.10m   at   6.74 g/t Au

   * UG-411      7.88m   at   4.17 g/t Au

   * UG-412      5.00m   at   4.76 g/t Au

   * UG-412      7.50m   at   7.17 g/t Au

   * UG-27       5.63m   at   4.08 g/t Au

   * UG-27       9.00m   at   3.74 g/t Au

   * UG-602     19.00m   at   2.66 g/t Au

   including     6.00m   at   3.91 g/t Au


A  further 20 underground holes  have been drilled  since the announcement on 7
February  2011 of the Company's total JORC compliant resource of 4.41Moz grading
4.2g/t.  The  holes  were  all  drilled  in  the  Contact  Project, which of the
resource  announced  on  7 February  2011, was  estimated  previously to contain
2.001Moz at 4.20g/t gold. The results of 10 drill holes were released on 3 March
2011 and  the  results  of  7 drill  holes  are  included  in this announcement.
 Drilling  in the Contact Project continues  and the Company will report further
results regularly.

Mineralisation  in the Contact Project has been established over a strike length
of 1,160 metres and vertical extension to a maximum depth of 900 metres from the
surface.   The mineralisation is open both along strike and down dip.  A copy of
this  announcement including additional technical  illustrations is available at
the Investors section of the Company's website - www.chaarat.com.

Dekel  Golan, CEO of Chaarat,  commented: "The Contact Project  is emerging as a
spectacular project.  We believe there is considerable scope for increasing this
resource  body and the Company intends to continue focusing drilling activity at
the Contact Project.

"The  significance  of  the  Contact  Project  is  not  only due to its size and
scalability,  but also in its continuity, which has enabled the Company to drill
68 underground   holes   which   have   each  encountered  mineralisation.   The
continuity,  consistency and predictability makes the Contact Project a linchpin
for the future Chaarat mine."

Full drill hole results:
 DH No.   Project Section  From    To   Intersected width True width Au g/t

 UG-602     CP     4960   72.00  81.00        9.00           6.00     2.41

 UG-602     CP     4960   141.50 147.50       6.00           4.00     2.56

 UG-602     CP     4960   352.00 380.50       28.50         19.00     2.66

including   CP     4960   353.50 362.50       9.00           6.00     3.91

including   CP     4960   373.00 376.00       3.00           2.00     3.15

including   CP     4960   379.00 380.50       1.50           1.00     5.28

 UG-411     CP     5280   117.50 120.00       2.50           1.88     3.57

 UG-411     CP     5280   186.00 192.00       6.00           4.50     4.54

 UG-411     CP     5280   198.00 201.00       3.00           2.25     4.58

 UG-411     CP     5280   222.00 232.50       10.50          7.88     4.17

including   CP     5280   222.00 225.00       3.00           2.25     5.66

including   CP     5280   228.00 232.50       4.50           3.38     5.35

 UG-411     CP     5280   274.50 277.50       3.00           2.25     3.08

 UG-412     CP     5280   225.50 231.50       6.00           5.00     4.76

 UG-412     CP     5280   249.50 258.50       9.00           7.50     7.17

 UG-412     CP     5280   285.50 291.50       6.00           5.00     3.37

 UG-412     CP     5280   302.00 305.00       3.00           2.50     2.10

 UG-412     CP     5280   309.50 312.50       3.00           2.50     4.37

 UG-412     CP     5280   318.50 326.00       7.50           6.25     2.09

 UG-414     CP     5440   107.00 110.00       3.00           2.50     2.30

 UG-414     CP     5440   120.50 123.50       3.00           2.50     2.52

 UG-414     CP     5440   134.00 137.00       3.00           2.50     2.12

 UG-415     CP     5440   158.50 166.00       7.50           6.25     3.36

 UG-415     CP     5440   181.00 184.00       3.00           2.45     2.76

  UG-27     CP     4640    1.50   9.00        7.50           5.63     4.08

  UG-27     CP     4640   160.00 169.00       9.00           6.75     3.45

  UG-27     CP     4640   179.50 191.50       12.00          9.00     3.74

  UG-27     CP     4640   194.50 202.00       7.50           5.63     3.06

  UG-27     CP     4640   247.50 252.00       4.50           3.38     2.78

  UG-27     CP     4640   269.50 272.50       3.00           2.25     3.13

  UG-28     CP     4720    1.50  10.50        9.00           7.00     2.95

  UG-28     CP     4720   196.50 201.00       4.50           3.50     2.29

  UG-28     CP     4720   224.00 273.40       49.40         24.00     4.88

including   CP     4720   224.00 231.50       7.50           3.64     5.70

including   CP     4720   251.00 261.50       10.50          5.10     6.74



Note to Editors:

Further information about the Company:

 Chaarat Gold Holdings Limited         [phone]

 c/o Central Asia Services Limited     [e-mail]
                                       [e-mail]


Westhouse Securities Limited           [phone]

Tim Feather                            [e-mail]
Richard Baty                           [e-mail]
Dominic Palmer-Tomkinson               [e-mail]


Pelham Bell Pottinger                  [phone]
Lorna Spears                           [e-mail]
Philippe Polman                        [e-mail]


Note to Editors:

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 delineated a JORC
compliant  mineral resource of  4.406Moz at a grade  of 4.20g/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  key objective is  to become a  low cost gold
producer;  with initial production from the Tulkubash project in 2012, targeting
increased  production  of  over  200,000 ounces  per  annum during 2014 from the
Kiziltash project.

www.chaarat.com

Competent Person
The Competent Person with overall responsibility for this press release, and who
has  reviewed the information  contained herein, is  Sunit Patel M.Sc (Geology),
FGS,  GSSA, who  is an  employee of  Chaarat Gold.   Mr. Patel is an exploration
geologist with more than 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 subject of this
release.

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.







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

[HUG#1505727]