For immediate release                                      1 May 2009
                      Chaarat Gold Holdings Ltd

                    ("Chaarat" or "the Company")

             Placing of 18.6 million new ordinary shares

Road Town, Tortola, British Virgin Islands (1 May 2009).

Chaarat (AIM:CGH, "the Company") announces that it has placed
18,558,281 new Ordinary Shares (the 'Placing Shares') at 12p per
share (together the 'Placing'), representing approximately 20.5% per
cent of the issued ordinary share capital immediately after the
Placing, to raise approximately £2.1million net of expenses for the
Company. The shares are being placed with both existing and new
investors, as well as directors of the Company.

The funds will be used to complete the Prefeasibility Study and
continue to undertake other activities aimed at enhancing shareholder
value. Following completion of the Placing, the Company will have
cash resources of approximately £2.3m.

The Placing Shares are being issued credited as fully paid and will
rank pari passu with the existing Ordinary Shares.

The Company will apply for the Placing Shares to be admitted to
trading on the AIM market of the London Stock Exchange and it is
expected that Admission will take place and that trading will
commence in such shares on or about 11 May 2009.

Canaccord Adams has entered into a placing agreement with the Company
pursuant to which Canaccord Adams agreed to use its reasonable
endeavours to place the Placing Shares at the Placing Price. The
Placing has not been underwritten. Christopher Palmer Tomkinson,
Dekel Golan and Oliver Greene, all of whom are Directors, have agreed
to subscribe in aggregate for 4,118,133 Ordinary Shares at the
Placing Price.

The placing of the Placing Shares is conditional upon, inter alia,
Admission becoming effective and upon the Placing Agreement not being
terminated in accordance with its terms.

Upon Admission, the Company will have 90,441,714 Ordinary Shares of
$0.01 each in issue (the "Enlarged Share Capital"). As such, the
total number of voting rights which will be attached to the Enlarged
Share Capital on the basis of one vote per ordinary share held will
be 90,441,714.

The above total voting rights figure may be used by Shareholders as
the denominator for the calculations by which they will determine
whether they are required to notify their interests in, or a change
to their interest in, the Company under the FSA's Disclosure and
Transparency Rules.

Dekel Golan CEO comments: "The company is delighted with the success
of this placing which has been supported by many of our existing
shareholders and officers. The funds raised should we believe enable
the company to meet its objective of completing the Prefeasibility
Study, expected to be published during the second half of this year,
as well as carrying out further exploration work aimed at increasing
our resource estimate and providing greater confidence in the
potential for the Chaarat Licence Area.


About the Chaarat Gold Project

The Chaarat project is situated within the Middle Tien Shan Mountains
of Kyrgyzstan which form part of the Tien Shan gold belt.  At the
completion of the 2008 exploration season a mineral resource of
3.34Moz at a grade of 4.30 g/t gold (JORC compliant in the Indicated
and Inferred categories) had been delineated. The Company's
exploration programme is aimed at increasing the confidence levels in
the resource through infill drilling through down-dip and
along-strike extension drilling whilst developing a pre-feasibility
study to demonstrate the economic viability of the deposit.


About Chaarat Gold Holdings or the Company

Chaarat Gold Holding is an exploration company founded for the
purpose of developing the Chaarat License Area. Chaarat was admitted
to AIM on 8 November 2007.


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.

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

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.