Issue of Equity

Chaarat Gold Holdings Limited

                          ("Chaarat" or "the Company")

                              EXERCISE OF OPTIONS

Road Town, Tortola, British Virgin Islands (21 July 2011)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with
assets in the Kyrgyz Republic, announces that it has issued and allotted
127,500 new ordinary shares of US$0.01 in the Company following the exercise of
 share options with an exercise price of 25p.

An  application  for  admission  of  the  new  shares to trading on AIM has been
submitted and trading is expected to commence on 26 July 2011.

The  total  number  of  shares  in  issue  following  the exercise of options is
250,477,868.


Further information about the Company:

 Chaarat Gold Holdings Limited                       [phone]
 c/o Central Asia Services Limited
 Dekel Golan - CEO                                      [e-mail]
 Linda Naylor - Finance Director                 [e-mail]


 Westhouse Securities Limited                        [phone]
 Tim Feather                          [e-mail]
 Richard Baty                        [e-mail]

 Bankside Consultants                                [phone]

 Simon Rothschild                           [e-mail]


Note to Editors:

About Chaarat Gold

Chaarat  Gold is an exploration and  development company operating in the Kyrgyz
Republic.   The  Company's  main  activity  is  the development of the Kiziltash
Project  (comprising the  Contact Project  and the  Main Zone) and the Tulkubash
project situated within the Middle Tien Shan Mountains of Kyrgyzstan, which form
part  of the Tien Shan  gold belt.  The Company  has delineated a JORC compliant
mineral  resource of 4.736Moz at a grade  of 4.28g/t gold across both projects.
Chaarat's  key objective  is to  become a  low cost  gold producer; with initial
production  from  the  Tulkubash  project,  targeting  annual production of over
200,000 ounces per annum as the Kiziltash Project comes on stream.







This announcement is distributed by Thomson Reuters on behalf of 
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Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE

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