Chaarat Gold Holdings, which aims to be a low-cost gold producer by developing the Chaarat Gold Project in the Kyrgyz Republic, has announced an addition to its senior management team. Pete Gardner has joined the team as chief financial officer designate.

From 2009 to 2016, Pete Gardner was finance director of Amara Mining until its sale to Perseus Mining.

A chartered accountant and qualified corporate finance professional, his experience will be invaluable as AIM-quoted Chaarat 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 construction of the Tulkubash Heap Leach Project, in conjunction with chairman Martin Andersson and Endeavour Financial, and enhance the company's investor relations activities.

He will also be working with finance director Linda Naylor and the finance team on upgrading the financial reporting systems to ensure these meet all necessary requirements as the company moves to construction and production.

After July 1, 2018, he will be appointed CFO while Linda Naylor will continue as company secretary.

Martin Andersson said, “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.”

www.chaarat.com

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