Renewal of Exploration Licence

Chaarat Gold Holdings Ltd

                          ("Chaarat" or "the Company")

                             Licence renewal update

Road Town, Tortola, British Virgin Islands (1 June 2010)

Chaarat  (AIM: CGH), the  gold exploration and  development company operating in
the  Kyrgyz  Republic,  is  pleased  to  announce  that  its exploration licence
agreement on its 100% owned Chaarat project, on which a 4.009 million ounce JORC
compliant  gold resource has  been reported, has  been renewed until 31 December
2012.

The  Ministry  of  Natural  Resources  of  the  Kyrgyz  Republic  had previously
confirmed  that all Chaarat's  obligations under the  licence agreement had been
fulfilled.   The licence  has been  renewed on  four separate  occasions and the
current  licence agreement was due for renewal on 11 December 2010 for a further
period of two years.


Dekel  Golan,  CEO  of  Chaarat,  comments:  "The  extension  of the exploration
licence,  combined with the  explicit confirmation that  the Company met all its
previous obligations, is a strong endorsement of the Company and the industry in
general. The interim government has repeatedly stressed that all legal contracts
will continue uninterrupted and indeed that is the case with Chaarat."



Enquiries:

Chaarat Gold Holdings Ltd

c/o Central Asia Services Ltd [phone]

Dekel Golan                   [e-mail] <mailto:[e-mail]>

Linda Naylor                  [e-mail]
                              <mailto:[e-mail]>



Westhouse Securities Limited  [phone]

Tim Feather                   [e-mail]
                              <mailto:[e-mail]>

Richard Baty                  [e-mail]
                              <mailto:[e-mail]>



Mirabaud Securities LLP       [phone]

Rory Scott                    [e-mail]
                              <mailto:[e-mail]>



Smith's Corporate Advisory    [phone]

Dominic Palmer-Tomkinson      [e-mail]
                              <mailto:[e-mail]>



Conduit PR                    [phone]

Jos Simson                    [e-mail] <mailto:[e-mail]>

Emily Fenton                  [e-mail] <mailto:[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#1419923]