Result of EGM

Chaarat Gold Holdings Limited ("Chaarat" or the "Company")

                Result of Extraordinary General Meeting ("EGM")

Road Town, Tortola, British Virgin Islands (2 March 2011)

Further  to the  announcement of  7 February 2011, the  Directors of Chaarat are
pleased  to announce that  the resolutions proposed  at the EGM  held today were
duly passed.

Following  the  passing  of  the  resolutions,  the  Directors have allotted the
100,142,670 Placing Shares, subject only to admission to trading on AIM.

Application  has been made for admission of the Placing Shares to trading on AIM
and  it is expected that  the Placing will be  completed at 8.00 a.m. on 3 March
2011 on Admission.

The enlarged issued share capital of the Company following the completion of the
Placing  will  be  250,324,368 Ordinary  Shares.   Following Admission the above
figure  may be used by  shareholders as the denominator  for the calculations by
which  they can determine if they are required to notify their interest in, or a
change  to  their  interest  in,  the  share  capital  of  the Company under the
Company's articles of association and the AIM Rules for Companies.

Definitions  used in this announcement  have the same meaning  as set out in the
announcement dated 7 February 2011.



 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]

 Smith's Corporate Advisory               [phone]

 Dominic Palmer-Tomkinson                 [e-mail]

 Liberum Capital Limited                  [phone]

 Chris Bowman                             [e-mail]

 Sheharyar Malik                          [e-mail]





Note to Editors:

About Chaarat

Chaarat  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 4.406 Moz at a grade of 4.2 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 by mid-2012.







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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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