TIDMCGH

RNS Number : 1108W

Chaarat Gold Holdings Ltd

10 November 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Appointment of CFO designate

Road Town, Tortola, British Virgin Islands (10(th) November 2017)

Chaarat (AIM: CGH), the AIM quoted gold exploration and development company with a strategy to be a low-cost gold producer by developing the Chaarat Gold deposit in the Kyrgyz Republic, announces an addition to the senior management team.

Pete Gardner has joined Chaarat's senior management team as Chief Financial Officer designate. From 2009 to 2016, Pete was Finance Director of Amara Mining plc until its sale to Perseus Mining Limited. A Chartered Accountant and qualified Corporate Finance professional, Pete's experience will be invaluable as the Company transitions from its current stage of development to becoming a gold producing company.

His immediate priorities will be to lead the already well advanced project finance process for the construction of the Tulkubash Heap Leach Project, in conjunction with the Chairman Martin Andersson and Endeavour Financial, and enhance our Investor Relations activities. He will also be working with Linda Naylor, the Finance Director, and the finance team on upgrading the financial reporting systems to ensure these meet all necessary requirements as we move to construction and production.

After 1 July 2018, he will be appointed CFO while Linda will continue as Company Secretary.

Martin Andersson, Chairman, comments:

"Pete will take our finance function to the next level by bringing experience, enthusiasm and a fresh perspective. I am looking forward to working with him as we continue the next chapter of the Chaarat story."

Enquiries:

 
 Chaarat Gold Holdings 
  Limited                       + 44 (0) 20 7499 2612 
 c/o Central Asia Services      info@chaarat.com 
  Limited 
 Martin Andersson (Chairman) 
  Linda Naylor (Finance 
  Director) 
 
   Numis Securities Limited 
 John Prior, Paul Gillam 
  (NOMAD) 
  James Black (Broker)           +44 (0) 20 7260 1000

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 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

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