Statement re Issue of Share Options

Chaarat Gold Holdings Ltd

                          ("Chaarat" or "the Company")

                             Issue of share options

Road Town, Tortola, British Virgin Islands (25 February 2010).

In accordance with the amended option scheme which was announced on 3 July
2009, the Board announces that the following options were granted to directors
today.



  Director                       Options granted

  Dekel Golan                            487,805

  Alex Novak                             307,317

  Linda Naylor                           317,073

  Christopher Palmer-Tomkinson            56,098

  Luo Tao                                 48,780

  Tang WeiLi                              48,780

  Oliver Greene                           56,098


757,780 options were granted on the same terms to employees.  All of the options
are exercisable between 3 and 8 years from the date of grant.

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.  At the date of grant the exercise
price was calculated as 41p.


 Chaarat

Chaarat is an exploration 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 3.34Moz at a grade of 4.30 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. Following the continuous
exploration works undertaken during 2009 the Company expects to announce an
updated resource report in the first quarter of 2010.  Chaarat's objective is to
become a low cost gold producer targeting an initial production of over 200,000
ounces per annum by late 2012.




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] <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]>
                                                                                

[HUG#1388647]