Subscription Agreement with China Nonferrous Me...

For immediate release                                        13/07/09
                      Chaarat Gold Holdings Ltd

                    ("Chaarat" or "the Company")

 Subscription Agreement with China Nonferrous Metals Int'l Mining Co
                                 Ltd

Road Town, Tortola, British Virgin Islands (13 July 2009).

The Company announces today the signing of a subscription agreement
with China Nonferrous Metals Int'l Mining Co Ltd ("CNMIM").  CNMIM
will subscribe for 22,469,289 shares in the Company at 25p per share
for a total consideration of £5,617,322.  The subscription is subject
to the regulatory approval of the Chinese Government, which is
expected to be received in September 2009.

On completion CNMIM's shareholding will represent 19.9% of the
Company's (non fully diluted) issued share capital. CNMIM will have
the right to appoint two directors to the board of the Company as
long as its interest in Chaarat does not fall below 15%, and one
director as long as its interest does not fall below 10%, in either
case for a period exceeding 6 months. Chaarat undertakes that when it
issues further shares CNMIM will be invited to participate in order
to maintain its level of shareholding on the same terms as offered to
other subscribers or, where options are exercised, by reference to
the market share price prior to exercise. Chaarat further agreed not
to exercise its right to require CNMIM to make a cash offer to
shareholders under the Company's articles of association, unless
CNMIM reaches a 30% threshold. Chaarat was advised in the deal by
Somerley Limited from Hong Kong.


Dekel Golan CEO comments: "This is a significant milestone for our
Company.  This investment will enable us to complete the feasibility
study and all other studies required for taking the project towards
development. CNMIM, being very familiar with the Chinese mining
environment will be able to assist in introducing the Company to
financial institutions interested in financing projects such as
Chaarat and to various contractors and service providers required for
such development."

David Tang CEO of CNMIM comments: "We are delighted to be associated
with Chaarat and look forward to working with the existing team to
drive forward this exciting project."



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 of gold at a grade of 4.30 g/t (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 Tel: [phone]
Dekel Golan                   [e-mail]
Linda Naylor                  [e-mail]
Harry Lopes                   [e-mail]

Canaccord Adams Limited       Tel:  [phone]
Mike Jones

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

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