Chaarat Gold holdings Ltd.

3 June 2009

 

("Chaarat" or "the Company")

 

 

Road Town, Tortola, British Virgin Islands (3 June 2009).

 

Chaarat Gold Holdings Ltd (AIM-CGH) ("Chaarat" or "the Company") is pleased to announce its Annual Report and Accounts for the year ended 31 December 2008 have been published and posted to all shareholders of the Company. Copies of the Annual Report and Accounts are available on the Company's website at www.chaarat.com.

 

The Company's Annual General Meeting will be held at Granary House, The Grange, St Peter Port, Guernsey, GY1 2QG, on 25 June 2009 at 11:00am local time.

 

 

 

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.

 

 

 

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.

 

 

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.