#None #Tulkubash #Kyzyltash #Chaarat Gold

Concerns Raised by Investors Regarding Mining Developments

On March 25, 2026, a group of international investors involved in the Tulkubash and Kyzyltash mining facilities issued a statement to address serious concerns regarding recent developments at Chaarat Gold Holdings Limited ("Chaarat Gold"). This group has invested significant capital and dedicated years of effort towards the development of these mining operations and is now voicing their apprehension regarding the handling of these strategic assets.

The investors view themselves as committed and constructive partners in the Kyrgyz Republic, aiming to transform Tulkubash and Kyzyltash into exemplary models of a modern, transparent, and top-notch mining industry. Their mission has been clear: to ensure that Kyrgyzstan's natural resources benefit the local population in the long term, fostering job creation, infrastructure development, and responsible economic growth.

The group is particularly concerned about the recent announcements regarding the proposed sale of Chaarat Gold's stake in these assets. They perceive this move as the culmination of a troubling sequence of actions and decisions affecting strategic resources. One of the key issues highlighted in the statement is the apparent disregard for the rights and interests of long-standing investors, prompting the group to clarify that they will not remain silent on these matters.

The investors emphasize that the reputation of the Kyrgyz mining sector is a national asset. They believe that adherence to internationally recognized best practices and respect for stakeholder rights are essential to strengthening trust in the country’s investment environment. Any deviation from these principles poses risks that could undermine this trust.

The group remains committed to supporting the growth of the mining industry in Kyrgyzstan. They assert that such growth must be grounded in principles of fairness towards all stakeholders, genuine partnerships with local communities and the Kyrgyz government, along with uncompromising respect for Kyrgyz laws and national sovereignty.

In their statement, the investors also announced their intentions to pursue appropriate legal measures to safeguard their rights, as well as to protect the integrity of Kyrgyzstan's mining sector and international investments in the country. They stressed the importance of treating these assets and their role in the Kyrgyz economy with the respect and care they deserve.

Moreover, the group is demanding complete transparency regarding the proposed sale process, including all proceedings that led to this decision, and expects all parties to strictly adhere to their legal obligations. They are inviting all those affected by these developments or interested in the future of Tulkubash and Kyzyltash to join them in advocating for transparency, fairness, and accountability.

For further inquiries or legal matters, the group's legal counsel, Cleary Gottlieb Steen & Hamilton LLP, can be contacted for assistance.