TIDMCGH

RNS Number : 7987E

Chaarat Gold Holdings Ltd

14 February 2018

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Appointment of COO

Road Town, Tortola, British Virgin Islands (14 February 2018)

Chaarat (AIM: CGH), the AIM quoted company developing the Chaarat Gold Project in the Kyrgyz Republic, is pleased to announce the appointment of Peter Carter as Chief Operating Officer.

Peter has over 30 years' experience in open pit engineering, mine management and project development. This includes leadership roles in the construction and operation of the Kumtor and Boroo gold mines in the Kyrgyz Republic and Mongolia, and the fast-track development of the Karma heap leach project in Burkina Faso.

Peter will lead the Bishkek team to deliver the optimal plan for the development of the Chaarat project, starting with the phase I heap leach development of Tulkubash. His primary responsibilities will include preparing the Company for operational readiness, building the local team, installing international safety standards and establishing suitable environmental management plans.

Robert Benbow, CEO of Chaarat, commented:

"Our company is defined by the quality of the people we employ, and this is exemplified by the addition of Peter to our team. His knowledge and experience in developing gold mines, and particularly his experience working in the Kyrgyz Republic, will be beneficial in bringing the Tulkubash project into operation. I welcome Peter to the team and look forward to working with him as we move Chaarat forward."

Enquiries:

   Chaarat Gold Holdings Limited                                             + 44 (0) 20 7499 2612 
   Robert Benbow - CEO                                                               info@chaarat.com

Pete Gardner - CFO

Numis Securities Limited +44 (0) 20 7260 1000

John Prior, Paul Gillam (NOMAD)

James Black - Broker

NOTES TO EDITORS:

About Chaarat Gold

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a long term, low-cost gold producer.

Chaarat aims to create value for its shareholders, employees and communities in the Kyrgyz Republic by building relationships based on trust and operating to the best environmental, social and employment standards.

Further information is available at www.chaarat.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 14, 2018 02:00 ET (07:00 GMT)

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