CGH.L Regulatory News (CGH)

30 September 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Chaarat Gold - Armenia update

Chaarat Gold (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, provides an update on the current situation in Armenia.

Military action started several days ago between Azerbaijan and Armenia in the Nagorno-Karabakh region which is about 150 kilometres away from Kapan. After the events of Sunday, 27 September, the government of the Republic of Armenia declared martial law in the country.

The impact on the Company's operations has to date been minimal. Management and the team on the ground continuously monitor the situation, have business continuity plans in place to react quickly to any new developments and monitor supply chains on a daily basis. The Company will provide an update on the situation as and when appropriate.

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 with an initial focus on Central Asia and the FSU 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/.

ENDS