TIDMCGH 
 
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                       +44 (0) 20 7499 2612 
 c/o Central Asia Services Limited 
 Dekel Golan - CEO                                      dekel@chaarat.com 
 Linda Naylor - Finance Director                 linda.naylor@chaarat.com 
 
 
 Westhouse Securities Limited                        +44 (0) 20 7601 6100 
 Tim Feather                          tim.feather@westhousesecurities.com 
 Richard Baty                        richard.baty@westhousesecurities.com 
 
 Bankside Consultants                                +44 (0) 20 7367 8888 
 
 Simon Rothschild                           simon.rothschild@bankside.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 
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 
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 
 
[HUG#1532256]
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