Fox Williams advises on the appointment of the Chief Operating Officer of Chaarat Gold Holdings Ltd

February 8, 2011

Fox Williams acted for Mr. Benoît de Galbert on his appointment as Chief Operating Officer of AIM listed Chaarat Gold Holdings Ltd ("Chaarat" or the "Company"). Chaarat is an exploration and development company operating in the Kyrgyz Republic. Mr de Galbert will be responsible for the design, permitting, construction, and organisation of the mine and processing plant to be erected at the Company's properties in Kyrgyzstan.

Dekel Golan, CEO of Chaarat, commented:

"Benoît's appointment is a significant step forward towards putting in place the management team capable of turning Chaarat into a successful, robust producer. Benoît is experienced in the region and has a proven track record in developing a large scale mine as demonstrated by his tenure in Kazakhstan where he led the team that built from scratch a large, successful and very profitable operation. It is a great vote of confidence in the Company that a person of his calibre is joining us".

Fox Williams Corporate Partner, Nick Sayers, commented: "We were delighted to assist Mr de Galbert with this important appointment to the Chaarat Group".

Nick Sayers (Partner) led the transaction and was assisted by Howard Taylor (Senior Associate). Chaarat were advised by Maclay Murray & Spens.

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