TIDMCGH

RNS Number : 8691U

Chaarat Gold Holdings Ltd

27 October 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Board Changes

Road Town, Tortola, British Virgin Islands (27(th) October 2017)

Chaarat (AIM: CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, announces that Dekel Golan will step down from the Board of Chaarat on 1 November 2017. He assumed the role of Deputy Chairman in July 2017 following the appointment of Robert Benbow as Chief Executive Officer.

Martin Andersson, Chairman, comments: "Having worked with Dekel to secure his succession, I, and the rest of the Board, wish Dekel every success in the future and thank him for his contribution as co-founder of Chaarat.

We have started the next chapter in the Chaarat story and the new management team, led by Bob Benbow, is focused on delivering production from the Tulkubash Heap Leach Project. The 2017 drilling season is drawing to a close and we will be providing an end of season update in due course."

Enquiries:

 
 Chaarat Gold Holdings 
  Limited                       + 44 (0) 20 7499 2612 
 c/o Central Asia Services      info@chaarat.com 
  Limited 
 Martin Andersson (Chairman) 
  Linda Naylor (Finance 
  Director) 
 
   Numis Securities Limited 
 John Prior, Paul Gillam 
  (NOMAD) 
  James Black (Broker)           +44 (0) 20 7260 1000

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme to optimise the value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities from its high quality gold and mineral deposits in the Kyrgyz Republic by building relationships based on trust and operating to the best environmental, social and employment standards.

Further information is available at www.chaarat.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 27, 2017 09:16 ET (13:16 GMT)

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