Drilling Report

Chaarat Gold Holdings Ltd

                          ("Chaarat" or "the Company")

Significant mineralised intersections reported in the C5300 Project Area at the
                             Chaarat Gold Property

Road Town, Tortola, British Virgin Islands (10 February 2010).

Chaarat (AIM:CGH) is pleased to announce encouraging results from two drives and
eight  drill holes in the underground section of Project Area C5300, part of the
area  in the  Company's licence  known as  the "Contact  Zone".  Chaarat holds a
licence  over 100 per cent  of a 604 km²  area in Kyrgyzstan  (the "Chaarat Gold
Property").    The   Company   has  identified  three  parallel  zones  of  gold
mineralisation within the Chaarat Gold Property: the Main Zone, the Contact Zone
and the Tulkubash Zone.

The Contact Zone has been delineated over a strike length of 1,340 metres and is
host to a JORC compliant resource of 1.42 million ounces at a grade of 4.21 g/t,
representing  approximately 43 per cent  of the overall  resource of the Chaarat
Gold Property of 3.34Moz at a grade of 4.30 g/t gold.

The  Contact Zone has  been further sub-divided  into three project areas C5300,
C4600 and C4000.  This announcement together with a location map can be found at
www.chaarat.com/press-releases <

http://www.chaarat.com/press-releases>.

Highlights (True widths)


  Project C5300   CCH09UG008       7.50m   at   4.21 g/t Au


                  CCH09UG009       8.94m   at   4.06 g/t Au

                  CCH09UG009       7.82m   at   4.34 g/t Au

                  CCH09UG010       6.26m   at   4.13 g/t Au

                  CCH09UG010       4.47m   at   5.01 g/t Au

                  Drive S-2       21.00m   at   3.72 g/t Au



                  CCH09UG001     14.30m    at   3.48 g/t Au

                  CCH09UG001       6.50m   at   5.97 g/t Au

                  CCH09UG011     18.00m    at   3.66 g/t Au

                  including        7.84m   at   5.37 g/t Au

                  CCH09UGDC18    14.85m    at   3.82 g/t Au

                  including        8.66m   at   4.92 g/t Au

                  CCH09UGDC18A     4.95m   at   5.11 g/t Au

                  CCH09UGDC18A     9.90m   at   4.17 g/t Au

                  CCH09UGDC11      9.00m   at   7.00 g/t Au

                  Drive N-1      15.83m    at   4.03 g/t Au

                  including        5.36m   at   5.36 g/t Au


Dekel Golan    , CEO of Chaarat, comments "These results are additional evidence
of  management's view  that the  Contact Zone  represents a  large viable mining
target  and will  form part  of the  revised resource  statement, which  will be
released  later  this  quarter.   The  C5300 Project Area demonstrates excellent
continuity  and persistent  wide intersections  that will  allow the  Company to
pursue,  with increased confidence,  its intention to  establish a low cost bulk
mining operation on these wide zones of mineralisation".



General Description of the Contact Zone


Within  the Contact  Zone, the  Company has  drill tested, partially, only 1340
metres  of the zone length and delineated three Project Areas - C5300, C4600 and
C4000.

In order to allow better access to the Contact Zone mineralisation at depth, the
Company  started in 2007 the  development of underground  workings at 275 metres
below  the outcrop elevation. After penetrating the mineralised zone a drift was
developed  parallel to the mineralisation extending  485 metres to the south and
200 metres to the north.  Drilling chambers were built to allow drilling towards
the  mineralised body. A map of the underground  work can be seen in the version
of   this   announcement   which   is   to  be  found  on  the  Company  website
(www.chaarat.com).
Three  drives (sometimes referred  to as cross-cuts)  were developed through the
mineralisation  in order to  give the Company  better access to  the face of the
mineralised  body  and  enable  the  collection  of  bulk  samples  as  well  as
geotechnical  information  needed  for  the  mine  planning.  In  addition three
drilling chambers were developed to enable drilling down dip.

The  main adit intersected  the Contact Zone  mineralisation along Section 5160
with  22.45 metres (true width) at 5.78 g/t  of Au.  Subsequent drifting enabled
the  establishment of three underground drilling  chambers from which a total of
6,819 metres  were  drilled  during  2008. Furthermore,  during 2008, drill hole
CCH08C464  located  in  the  C4600  Project area along Section 4520, intersected
17.97 metres  (true width) at 6.21 g/t  Au.  These encouraging results motivated
the  further work  that was  needed to  close the  gap along  strike between the
Contact Zone project areas C5300 and C4600.


Project Area C5300

The  C5300 Project  Area is  the northernmost  of the  three projects  along the
Contact  Zone ore body. The resource calculated for the C5300 project at the end
of  2008 has been calculated at 1.01 million ounces at an average grade of 4.27
g/t to a drill defined depth of up to 520m below surface.

During  the  2009 exploration  season  underground  drilling  to  test the C5300
Project  Area was conducted from two  underground drilling chambers. Three holes
were  drilled from Drill chamber 1, adding  information about the section of the
mineralisation  above the adit  level. Nine additional  drill holes were drilled
from  Drill Chamber  3 adding information  about both  below and  above the adit
level.

The  above  results  demonstrate  the  continuity  of  thickness  and  grade  of
mineralisation  between the C5300 Project Area and the other two projects in the
Contact Zone along strike to the south.

During  2009, the  underground  development  drifting  along  strike  southwards
towards  Project Area C4600 has continued.  Three drives were developed but only
the  first one has been reported thus far. The second southern drive (Drive S-2)
is  located on Section  4920 which is 240m south  west of the  main adit and has
further  confirmed the strike continuity of mineralisation to the south, towards
the C4600 Project area.  This drive intersected 24 metres of mineralisation with
a  true thickness  of 21m at  3.72 g/t Au.   The northern  drive (Drive N-1) was
developed  along  Section  5280 to  probe  the  north  eastern continuity of the
mineralisation  intersected  in  the  adit.  This drive intersected 19 metres of
mineralisation  with a true thickness of  15.83m at 4.03 g/t Au.  The details of
mineralised intersections along these cross-cuts are presented in Table 1.

Five as yet unreported holes were drilled from Drill chamber 3.  The mineralised
intersections  of all eight drill  holes are presented in  Table 1. Three of the
eight  drill holes being reported are located on Section 4880 which is the south
western  most section of the C5300 Project  towards C4600. In addition, one hole
each  was  drilled  along  sections  4960, 5040, 5200 and two holes were drilled
along  section  5120. The  drilling  results  from  the  holes  on Section 4880
effectively extend the strike to the south by a further 80 metres to 640 metres,
potentially  adding significant  additional resources.  This strike extension to
the  south further demonstrates the strike continuity and closes the gap between
C5300  and the C4600 Project Areas, suggesting  that these two project areas may
converge  to  form  a  large  continuous  body.  The mineralisation in the C5300
Project Area remains open both along strike and down dip.

Table 1: Drill intervals

 Hole ID      Section     Drilled from     Drilled to  Length  True width  Au
                            (metres)        (metres)  (metres)  (metres)  (g/t)

 CCH09UG008    4880          132.00          141.00     9.00      7.50    4.21

 CCH09UG008    4880          153.00          159.00     6.00      5.00    3.63

 CCH09UG009    4880          142.50          148.50     6.00      4.47    4.65

 CCH09UG009    4880          163.50          184.50    21.00     15.64    3.28

 including     4880          169.50          181.50    12.00      8.94    4.06

 CCH09UG009    4880          196.00          202.00     6.00      4.47    3.96

 CCH09UG009    4880          205.50          216.00    10.50      7.82    4.34

 CCH09UG010    4880          174.00          177.00     3.00      1.79    2.21

 CCH09UG010    4880          180.00          184.00     4.00      2.38    2.64

 CCH09UG010    4880          189.00          192.00     3.00      1.79    3.79

 CCH09UG010    4880          198.00          222.00    24.00     14.30    2.54

 including     4880          201.00          210.00     9.00      5.36    3.26

 including     4880          202.50          207.00     4.50      2.68    3.76

 CCH09UG010    4880          229.50          234.00     4.50      2.68    2.71

 including     4880          229.50          232.50     3.00      1.79    3.21

 CCH09UG010    4880          264.00          274.50    10.50      6.26    4.13

 including     4880          264.00          271.50     7.50      4.47    5.01

 CCH09UG010    4880          280.50          285.00     4.50      2.68     3.5

 CCH09UG010    4880          297.00          300.00     3.00      1.79    2.66

 Drive S-2     4920          34.00           58.00     24.00     21.00    3.72

 including     4920          35.00           39.00      4.00      3.23    4.94

 including     4920          45.00           48.00      3.00      2.42    4.99

 including     4920          54.00           58.00      4.00      3.23    11.10

 CCH09UG001    4960          166.50          171.50     4.50      3.90    2.04

 CCH09UG001    4960          175.50          192.00    16.50     14.30    3.48

 including     4960          175.50          183.00     7.50      6.50    5.97

 CCH09UG011    5040          164.00          195.00    31.00     18.00    3.66

 including     5040          164.00          192.00    28.00     16.26    3.93

 including     5040          164.00          180.00    16.00      9.29    4.85

 including     5040          164.00          177.50    13.50      7.84    5.37

 including     5040          187.50          192.00     4.50      2.61    4.63

 CCH09UGDC18   5120          81.00           99.00     18.00     14.85    3.82

 including     5120          88.50           99.00     10.50      8.66    4.92

 including     5120          88.50           93.00      4.50      3.71    7.87

 CCH09UGDC18A  5120          45.00           48.00      3.00      2.48    3.68

 CCH09UGDC18A  5120          66.00           72.00      6.00      4.95    5.11

 CCH09UGDC18A  5120          76.50           88.50     12.00      9.90    4.17

 including     5120          78.00           84.00      6.00      4.95    5.44

 CCH09UGDC11   5200          33.00           42.00      9.00      9.00    7.00

 Drive N-1     5280          29.00           34.00      5.00      3.83    2.22

 Drive N-1     5280          40.00           59.00     19.00     15.83    4.03

 including     5280          47.00           54.00      7.00      5.36    5.13



QA/QC Procedures: Sampling Methodology and Quality Control

All  samples are sent to a laboratory  in Kyrgyzstan Alex Stewart, accredited by
the  UK  Accreditation  Service,  for  sample preparation and assays.  Genalysis
Laboratory   Services  Pty  Ltd,  Australia,  a  NATA  ISO/IEC  17025 accredited
laboratory  for analysis is being  used for QA/QC check  of the analyses of Alex
Stewart. 20% check samples in form of two Standards, one Blank and one Duplicate
in  a batch of 20 samples are being used  for quality checks of the Alex Stewart
assays.

Competent Person

The Competent Person with overall responsibility for this press release, and who
has  reviewed the information contained herein,  is Sunit Patel, M.Sc (Geology),
FGS, GSSA, who is an employee of Chaarat.  Mr. Patel is an exploration geologist
with  22 years  of  experience  in  the  resource  industry  who  has sufficient
experience  relevant to  the style  of mineralisation  and type of deposit under
consideration and was supervisor to the work subject of this release.




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#1382167]