This announcement is made in replacement of RNS 2320X released at 16.24 on 17 February 2017 making a correction to the further number of shares that may be acquired by the concert party within 6 months of 1 October 2016. The announcement stated that the concert party could purchase a further 5,804,650 ordinary shares; this should have read 5,607,707.  A full revised announcement is below.

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (17^th February 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 17^th February that as of that day Labro Investments Limited ("Labro") held 119,143,195 ordinary shares of US$ 0.01 each, representing 34% of the issued share capital of the Company, following purchases on 16^th February of 25,000 ordinary shares at a price of 17.75 pence per share, 104,678 ordinary shares at a price of 19.00 pence per share, 50,000 ordinary shares at a price of 20.40 pence per share and 17,265 ordinary shares at a price of 20.50 pence per share.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

In accordance with the announcement dated 27 September 2016, a further 5,607,707 ordinary shares of US$0.01 each may be acquired by the concert party within a period of six months from 1 October 2016 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company.             

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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 generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 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