Staff Appointments

Chaarat Gold Holdings Ltd
21 December 2007


For immediate release                                           21 December 2007

                              Chaarat Gold Holdings Ltd


Chaarat Gold Holdings Ltd (AIM:CGH) Announces New Senior Staff Appointments and 
                    the adoption of a Staff Share Option Scheme

Road Town, Tortola, British Virgin Islands (21 December 2007).


Staff Appointments

Chaarat Gold Holdings Ltd ('Chaarat' or 'the Company') is pleased to announce
the strengthening of its geological team with the appointment of two senior
geologists, Mr. Sunit Patel and Mr. Rudy Rodriguez.

Mr. Sunit Patel is joining Chaarat as Chief Geologist. Mr. Patel holds a M.Sc.
in Geology from Sambalpur University, India and is a member of the Geological
Society of India. He brings to the Company significant relevant experience in
mineral exploration, modelling, planning and management.  Mr. Patel was
previously a senior geologist for the Geological Survey of India, having had an
18 year career with that organisation, preceded by lecturing in Geology at the
Sambalpur University, India. Mr. Patel most recently established and managed a
new geology and exploration department for Chemaf S.P.R.L., a mining and
exploration company operating in the Democratic Republic of Congo.

Mr. Rudy Rodriguez joins the Company as Exploration Manager.  Mr. Rodriguez
holds a M.Sc. degree in Geology from the People's Friendship University, Moscow,
specialising in prospecting and exploration for mineral deposits.  During his 23
year professional career he has been involved in, and managed exploration
activities for a number of mining companies in the USSR, Venezuela and South
Africa, exploring for gold, platinum group metals, copper and diamonds. Mr.
Rodriguez latest position was as Senior Geologist and Project Leader for a
Venezuelan subsidiary of Valgold Resources Ltd.

Messrs Rodriguez and Patel will initially report to Mr. Jed Diner, VP Geology,
who will gradually hand over day to day activities to them.

The Company records the resignation of Mr. Matthew Dorman as Project Manager. 
Mr. Dorman will leave after completing his supervision of the Company's scoping
study on the Chaarat gold project that is currently in progress.


Share Option Scheme

The Company is pleased to announce completion of the structuring and adoption of
its new Share Option Plan to govern the award of future share options to staff
and employees.  The Company regards the award of such options to its staff as an
important component of its remuneration and incentive structure and intends to
include its talented local Kyrgyz employees within the scope of option awards.
The Company's remuneration committee will administer the share option
arrangements.

An award of options under the new plan is expected to take place early in 2008.


 About Chaarat Gold Holdings or the Company

Chaarat Gold Holdings is a gold exploration company founded for the purpose of
developing its sole asset, being the Chaarat License 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 herein to reflect any change in
Chaarat's expectations with regard thereto 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                             Tel:  [phone]
Dekel Golan  - [e-mail]
Terry Cross   -  [e-mail]

Canaccord Adams Limited                               Tel:  [phone]
Mike Jones
Robin Birchall






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