CGH Chaarat Gold Holdings Ltd

 
TIDMCGH 
 
Chaarat Gold Holdings Limited 
                          ("Chaarat" or "the Company") 
                CONFIRMATION OF CLARIFICATION RE. PRESS COMMENT 
 
Road Town, Tortola, British Virgin Islands 24 June 2011 
 
Further to the announcement made on 23 June 2011, the Board of Chaarat , the AIM 
quoted  exploration and development  company with assets  in the Kyrgyz Republic 
("KR"),  welcomes the official statement from  the Ministry of Natural Resources 
in Kyrgyzstan ("the Ministry"), to the effect that comments from the Minister of 
Natural  Resources ("the Minister")  had been misinterpreted  and that there had 
been  no intention to imply that  the Ministry was considering nationalising any 
mineral resources in the country. 
 
A  translated extract of the statement from the Press Service of the Ministry of 
Natural  Resources of the Kyrgyz Republic appears below and the full translation 
is available at www.chaarat.com: 
 
"In  order to eliminate discordance  and inconsistencies regarding amendments to 
the  KR Subsoil Law, the  KR Ministry of Natural  Resources offers the following 
clarifications.  Article 12 Clause 5 of the Constitution of the KR states: 
 
The  land, its subsurface resources, air, water, forests, flora and fauna, other 
natural  resources are the exclusive domain of the Kyrgyz Republic, and shall be 
used  for the purpose of preservation of the sole ecological system as the basis 
for  subsistence and activities of  the people of Kyrgyzstan  and shall be under 
special protection by the State. 
 
"The  amendments to be  introduced stipulate coordination  of the active subsoil 
legislation with the KR Constitution as of 27 June, 2010. 
 
 
 
"This  situation does  not imply  any nationalization  or expropriation  and any 
rumours in this connection have no grounds whatsoever." 
 
 
The   full  text  of  the  announcement  from  the  Ministry  can  be  found  at 
http://www.geo.gov.kg/index.php/ru/news/geology-news/765-admin 
and the English translation atwww.chaarat.com 
 
The  Company continues  to work  closely with  the authorities  in Kyrgyzstan in 
progressing its projects at Chaarat. 
 
 
 
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 - FD                   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 
 
[HUG#1525967] 
 

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