LONDON, UK: Chaarat Gold Holdings announced the resignation of Mike Fraser as Chief Executive Officer and as a director of the Company. The Board has agreed to waive his six-month notice period and the resignation is therefore effective immediately.

Until the appointment of a successor to Mike, the Executive Chair, Martin Andersson, and the Chief Financial Officer, David Mackenzie, will lead the business.

Mike Fraser, Chief Executive Officer of Chaarat, said: “Following the disposal of Kapan and the near-term focus on the development of Tulkubash and Kyzyltash it is an appropriate time to move forward with a simplified leadership structure for the Company.  I would like to thank Martin Andersson, the Board, and the team at Chaarat for their support and guidance and wish Chaarat all the best in the future development of the Company.”

Martin Andersson, Executive Chair of Chaarat, said: “On behalf of the Board I would like to take this opportunity to thank Mike for his service to Chaarat since joining in January 2022 and to wish every success in his future endeavours.”

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