For immediate release 23 April 2009



                      Chaarat Gold Holdings Ltd

                    ("Chaarat" or "the Company")

    Proposed placing of up to 19 million new ordinary shares (the
                          'Placing Shares')

Road Town, Tortola, British Virgin Islands (23 April 2009).

Chaarat (AIM:CGH, "the Company") today announces, following the
announcement of 2 April 2009, its intention to place up to 19 million
new Ordinary Shares at 12p per share (the 'Placing').

The funds will be used to complete the Prefeasibility Study and
continue to undertake other activities aimed at enhancing shareholder
value.


The Placing

The placing of the Placing Shares is being conducted through a
book-building process to be carried out by Canaccord Adams, who is
acting as bookrunner in relation to the Placing. The timing of the
closing of the books and allocations are at the discretion of Chaarat
and Canaccord Adams. The number of Placing Shares to be placed in the
book-building process will be agreed by Chaarat and Canaccord
Adams at the close of the book-building process. Details of the
number of Placing Shares will be announced as soon as practicable
after the close of the book-building process. The Placing will not be
underwritten.

The Placing Shares will be issued credited as fully paid and will
rank pari passu with the existing Ordinary Shares, including the
right to receive all dividends and other distributions declared, made
or paid on or in respect of such shares after the date of issue of
the Placing Shares.

Enquiries:


Chaarat Gold Holdings Ltd
c/o Central Asia Services Ltd Tel: +44 (0) 20 7499 2612
Dekel Golan                   dekel@chaarat.com
Harry Lopes                   harry.lopes@chaarat.com

Canaccord Adams Limited       Tel:  +44 (0) 20 7050 6500
Mike Jones


Smith's Corporate Advisory    Tel: +44 (0) 20 7239 0140
Dominic Palmer-Tomkinson      tomkinson@smiths-ca.com



Disclaimer
This press release includes forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Chaarat's control
that would cause the actual results, performance or achievements of
Chaarat to be materially different from future results, performance
or achievements expressed or implied by such forward-looking
statements. Such forward-looking statements are based on numerous
assumptions regarding Chaarat's present and future business
strategies and the environment in which Chaarat will operate in the
future. Any forward-looking statements speak only as at the date of
this document. Chaarat expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statements contained in this document to reflect any
change in Chaarat's expectations with regard to these or any change
in events, conditions or circumstances on which any such statements
are based. As a result of these factors, the events described in the
forward-looking statements in this press release may not occur either
partially or at all.

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