TIDMCGH 
 
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  +44 (0) 20 7499 2612 
 
 Dekel Golan                    dekel@chaarat.com <mailto:dekel@chaarat.com> 
 
 Linda Naylor                   linda.naylor@chaarat.com 
                                <mailto:linda.naylor@chaarat.com> 
 
 
 
 
 Westhouse Securities Limited   +44 (0) 20 7601 6100 
 
 Tim Feather                    tim.feather@westhousesecurities.com 
                                <mailto:tim.feather@westhousesecurities.com> 
 
 Richard Baty                   richard.baty@westhousesecurities.com 
                                <mailto:richard.baty@westhousesecurities.com> 
 
 
 
 Mirabaud Securities LLP        +44 (0) 20 7321 2508 
 
 Rory Scott                     rory.scott@mirabaud.com 
                                <mailto:rory.scott@mirabaud.com> 
 
 
 
 Smith's Corporate Advisory     +44 (0) 20 7239 0140 
 
 Dominic Palmer-Tomkinson       tomkinson@smiths-ca.com 
                                <mailto:tomkinson@smiths-ca.com> 
 
 
 
 Conduit PR                     +44 (0) 20 7429 6603 
 
 Jos Simson                     jos@conduitpr.com <mailto:jos@conduitpr.com> 
 
 
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