See attached and below Chaarat Gold Holdings Ltd (AIM: CGH) 2010 Preliminary Results.
Best regards, Philippe
Chaarat Gold Holdings Limited
("Chaarat" or "the Company")
PRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010
Road Town, Tortola, British Virgin Islands (25 May 2010)
Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, has today published its preliminary results for the year ended 31 December 2010.
Highlights
* Two projects identified at Chaarat The Chaarat Property has been divided into two projects each hosting a different mineralisation; the low sulphur clean Tulkubash Project and the refractory Kiziltash Project.
* Fast track to production identified The discovery of free milling mineralisation at the Tulkubash Project has accelerated Chaarats production plans.


* Enhanced management team A team of experienced managers has joined the existing management team ensuring Chaarat has both the capacity and expertise to explore, develop and operate its assets
* Fund raising $80 million (net) was raised early in 2011 primarily from major institutional investors, to provide the finance for the construction of the first stage of the production facility (based on costs estimated by SNC Lavalin).

During 2010 Chaarat raised approximately $14m for ongoing exploration and development work
* New Projects The Kyrex acquisition has brought Chaarat new projects in the Kyrgyz Republic.

Chontash, one of the projects acquired is viewed by management as providing significant near term potential, with Kyzil Ompul an exciting prospect for the longer term
Christopher Palmer-Tomkinson, Chairman of Chaarat, commented: "During the last 12 months, Chaarats development strategy has undergone a transformation.

I am pleased to report that Chaarat continues to make progress on all operational fronts as we move towards gold production from the Tulkubash section of the Chaarat deposit.
"A pre-feasibility study, which will review the Chaarat deposit as a whole, is under preparation by SNC Lavalin and is expected to be announced around the end of June.

This report will provide a good basis for an understanding of the operational potential of the Chaarat deposit and will underpin the maiden reserve report of the Company.
"We will update the market regularly on progress on the feasibility study for the Tulkubash Project, as milestones are reached, with the complete study to be published in the second half of the year."
Philippe Polman Account Manager Direct line: +44 (0)20 7861 3921 Mobile: +44 (0)7841 672 830 Pelham Bell Pottinger 5th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233 www.pelhambellpottinger.co.uk
....................................... A CarbonNeutral(r) company
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