Statement re: Issue of share options

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

                       Issue of share options

Road Town, Tortola, British Virgin Islands (2 September 2009).

In accordance with the announcement of the amended option scheme made
on 3 July 2009, the Board announces that the following options were
granted to directors on 1 September 2009.


Director            Options granted
D Golan                     400,000
A Novak                     252,200
L Naylor                    156,000
C Palmer- Tomkinson          26,000
O Greene                     26,000


The options will vest after three years.

Under the terms  of the  amended scheme,  the exercise  price of  the
options relate to the market price at the date of grant, using the 15
trading day  moving  average of  the  share price  prior  to  grant.
However, in view  of the  investment by  CNMIM announced  on 13  July
2009, the  Board has  in this  instance decided  to grant  the  first
options under the amended  scheme at a price  of 25p, being the  same
price as the shares subscribed for  by CNMIM, which is 23% above  the
15 trading day moving average of the share price prior to grant.

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.  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
the  resource   through   infill  drilling   through   down-dip   and
along-strike extension drilling  whilst developing a  pre-feasibility
study to demonstrate the economic viability of the deposit.

About Chaarat Gold Holdings or the Company

Chaarat Gold  Holdings  is an  exploration  company founded  for  the
purpose of developing 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 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                    [e-mail]

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

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

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