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RNS Number : 5983M

Chaarat Gold Holdings Ltd

13 January 2023

13 January 2023

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Change of auditor

Chaarat (AIM:CGH), the AIM-quoted gold mining company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic announces the resignation of Deloitte LLP ("Deloitte") as auditor and the appointment of MacIntyre Hudson LLP t/a MHA Macintyre Hudson, the UK member of Baker Tilly International, ("MHA") as its new auditor with immediate effect.

The resignation of Deloitte follows the closure of its office in Armenia which is the location of a significant portion of Chaarat's operations. Deloitte was unable to identify an approach that would enable it to perform the Group's audit for the year ended 31 December 2022 to the required level of audit quality given the significance of Chaarat's Armenian operations to the Company. Deloitte has therefore formally resigned.

MHA will conduct the audit of the Company's financial statements for the financial year to 31 December 2022. The appointment of MHA as auditor for the following financial year will be subject to approval by shareholders at the next Annual General Meeting of the Company to be held in 2023.

The Board looks forward to working with MacIntyre Hudson. The Board wishes to take this opportunity to thank Deloitte for its services and support since its appointment in October 2021.

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 Enquiries 
 
                                          +44 (0)20 7499 
 Chaarat Gold Holdings Limited             2612 
 Mike Fraser (Chief Executive Officer)    info@chaarat.com 
 
 Canaccord Genuity Limited (NOMAD and     + 44 (0)20 7523 
  Joint Broker)                            8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
                                          +44 (0)20 7220 
 finnCap Limited (Joint Broker)            0500 
 Christopher Raggett 
 
 Panmure Gordon (UK) Limited (Joint       +44 (0)20 7886 
  Broker)                                  2500 
 John Prior 
  Hugh Rich

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com/ .

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January 13, 2023 02:00 ET (07:00 GMT)

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