TIDMCGH 
 
Chaarat Gold Holdings Limited 
 
                          ("Chaarat" or "the Company") 
 
                         CLARIFICATION RE PRESS COMMENT 
 
Road Town, Tortola, British Virgin Islands (23 June 2011) 
 
The Board of Chaarat (AIM - CGH), the AIM quoted exploration and development 
company with assets in the Kyrgyz Republic, is aware of a media article 
published by 24.kg news agency in Bishkek that reports comments made by the 
Kyrgyzstan Minister of Natural Resources ("the Minister") concerning the 
development of large mineral deposits in Kyrgyzstan. 
 
The Company believes that the Minister's comments may have been mistakenly 
interpreted as suggesting that mineral deposits in Kyrgyzstan will be 
nationalised. The Board's understanding of the background to the media article 
is that the Minister's comments were made during a committee meeting concerning 
which Kyrgyz government body should govern, approve and benefit from the 
development of mineral deposits in the country. It is the Board's view that the 
Minister's comments have been mistakenly translated and/or misinterpreted and 
that any changes contemplated should not have any impact on Chaarat's 
operations. 
 
The Company is not aware of any intention from any Kyrgyz authority to 
nationalise assets in the Kyrgyz Republic; indeed recent contact between Chaarat 
personnel and the authorities in Kyrgyzstan indicate that the situation is 
unchanged. Only two weeks ago the Company was granted permits on its Tulkubash 
property by the Ministry of Natural Resources. 
 
It is the view of the Board that the comments made by the Minister have been 
misunderstood and that no changes to the legal status of the Chaarat property 
are currently contemplated. 
 
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 and 
Tulkubash projects 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 4.406Moz at a grade of 4.20g/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 
 
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