TIDMCGH 
 
Chaarat Gold Holdings Limited 
 
 
                          ("Chaarat" or the "Company") 
 
                             Issue of Share Options 
 
Road Town, Tortola, British Virgin Islands (23 December 2010) 
 
In accordance with the Company's share option scheme and following approval at a 
Board meeting on 20 December 2010, the Company announces that the following 
options were awarded to directors of Chaarat on 22 December 2010. 
 
 
 Director                                            Options granted 
 
 Dekel Golan                                                 327,869 
 
 Alex Novak                                                 206,557 
 
 Linda Naylor                                                213,115 
 
 Christopher Palmer-Tomkinson                                 37,705 
 
 Luo Tao                                                      32,787 
 
 David Tang                                                   32,787 
 
 
 
In addition to the above a further 476,354 options have been granted to 
employees on the same terms.  All of the options are exercisable between 1 and 
8 years from the date of grant. 
 
Under the terms of the scheme, the exercise price of the options is calculated 
at the date of grant using the 15 trading day volume weighted average share 
price prior to grant.  At the date of grant the exercise price was calculated as 
61p. 
 
 Further information about the Company: 
 
 Chaarat Gold Holdings Ltd                +44 (0) 20 7499 2612 
 
 c/o Central Asia Services Ltd             dekel@chaarat.com 
                                           linda.naylor@chaarat.com 
 
 Westhouse Securities Limited             +44 (0) 20 7601 6100 
 
 Tim Feather                               tim.feather@westhousesecurities.com 
 Richard Baty                              richard.baty@westhousesecurities.com 
 
 Smith's Corporate Advisory               +44 (0) 20 7321 2508 
 
 Dominic Palmer-Tomkinson                  tomkinson@smiths-ca.com 
 
 Conduit PR                               +44 (0) 20 7429 6603 
 
 Jos Simson                                jos@conduitpr.com 
 Emily Fenton                              emily@conduitpr.com 
 
 
 
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 and 
Tulkubash projects 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 4.009 Moz at a grade of 4.14 g/t gold 
across both deposits.  The Company is currently in the process of compiling a 
Pre-Feasibility study on the Kiziltash project and a Definitive Feasibility 
Study on the Tulkubash project.  Chaarat's objective is to become a low cost 
gold producer targeting production of over 200,000 ounces per annum by early 
2014 from the Kiziltash project with first production from the smaller Tulkubash 
project in early 2012. 
www.chaarat.com 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Chaarat Gold Holdings Ltd via Thomson Reuters ONE 
 
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