CGH Chaarat Gold Holdings Ltd

 
TIDMCGH 
 
Chaarat Gold Holdings Ltd 
 
                              (AIM:CGH) 
 
                    ("Chaarat" or "the Company") 
 
                      Appointment of Directors 
 
Road Town, Tortola, British Virgin Islands, 26 October 2009 
 
The Board announces the appointment of Tao Lua and David Tang as 
Non-Executive Directors with effect from 23 October 2009. 
 
These appointments are made in accordance with the subscription 
agreement with China Nonferrous Metals Int'l Mining Co. Ltd 
("CNMIM"), announced on 13 July 2009, under which CNMIM has the right 
to appoint two directors to the board of the Company as long as their 
interest in Chaarat does not fall below 10%.  CNMIM's current 
shareholding represents 19.9% of the Company's issued share capital. 
 
Tao Lua is the Chairman of CNMIM and President of China Nonferrous 
Metal Mining (Group) Co. Ltd ( the parent company of CNMIM), and is 
appointed as the Deputy Chairman of Chaarat and will sit on the 
remuneration committee. Mr Lua is a senior economist with over 30 
years experience in the nonferrous metals industry in China, and was 
a Vice Director of Beijing General Research Institute for Nonferrous 
Metals. Mr Lua was also the Chairman of Committee of Supervisors and 
Vice President of Aluminium Corporation of China Ltd. (CHALCO), a 
company listed on the New York Stock Exchange and Hong Kong Stock 
Exchange. 
 
David Tang is President of CNMIM and is appointed to the audit 
committee. In the early 1990s Mr Tang pioneered the trading system 
for the first nonferrous metals future commodity exchange in China, 
worked for several years in Canada in the investment management and 
consulting industry before returning to China to take up office at 
CNMIM. Mr Tang also holds a Master of Science degree. 
 
 Dekel Golan, CEO of Chaarat, comments "I am delighted to welcome our 
new Directors to the Board and look forward to their support and 
experience as we develop our Chaarat Gold Project". 
 
Disclosure of Directorships under Schedule 2 of the AIM Rules 
 
Tao Lua, aged 56, is or has been a director of the following 
companies during the previous five years: 
 
Current directorships 
 
China Nonferrous Metal Mining (Group) Co. Ltd. 
China Nonferrous Metal Industry's Foreign Engineering and 
Construction Co. Ltd. 
ORD River Resources Limited 
China Nonferrous Metals Int'l Mining Co. Ltd. 
Zambia-China Economic & Trade Cooperation Zone Development Limited 
 
Directorships held within the previous five years 
 
NFC Africa Mining Co. 
 
 
Weili (David) Tang, aged 43, is or has been a director of the 
following companies during the previous five years: 
 
Current directorships 
 
China Nonferrous Metals Int'l Mining Co. Ltd. 
ORD River Resources Limited 
 
There are no other matters which are required to be announced with 
regard to these appointments pursuant to Schedule 2 paragraph (g) of 
the AIM Rules for Companies. 
 
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. 
Mineralisation occurs and resources have been defined in three 
sub-parallel zones including the Main Zone, the Contact Zone and the 
Tulkubash Zone. 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 this Resource through infill 
drilling and increasing the resource through down-dip and 
along-strike extension drilling. 
 
About Chaarat Gold Holdings or the Company 
Chaarat Gold Holdings is an exploration company founded for the 
purpose of developing the Chaarat Licence 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 +44 (0) 20 7499 2612 
Dekel Golan                   dekel@chaarat.com 
Linda Naylor                  linda.naylor@chaarat.com 
 
Canaccord Adams Limited       +44 (0) 20 7050 6500 
Mike Jones 
Robert Finlay 
 
Smith's Corporate Advisory    +44 (0) 20 7239 0140 
Dominic Palmer-Tomkinson      tomkinson@smiths-ca.com 
 
Conduit PR                    +44 (0) 20 7429 6603 
Jos Simson                    jos@conduitpr.com 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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