Chanticleer Holdings Announces Plans for Third Hooters Restaurant in South Africa

Newest Hooters Restaurant to Open in Cape Town, the Most Dynamic City in One of the World's Fastest Emerging Global Economies

CHARLOTTE, North Carolina, January 10, 2011 - Chanticleer Holdings, Inc. (OTC Bulletin Board: CCLR), announced today
plans to open its third Hooters restaurant in Cape Town, South Africa,
Hooters(TM) on Edward Street, in March, 2011. Chanticleer's other South
African Hooters restaurants include "Hooters(TM) on the Rocks" and
"Hooters(TM) on the Buzz", located in Durban and Johannesburg, respectively.

The trio of restaurants is part of Chanticleer Holdings' joint venture
with SGShaw Food, PTY of Durban, S.A. Together the firms plan to open at
least four additional Hooters restaurants in South Africa over the next five
years but thinks there is a much greater opportunity in this region.

Hooters(TM) on Edward Street occupies nearly 6,000 square feet in the
Manhattan Plaza on Edward Street, which is filled with popular bars,
nightclubs and restaurants which will create substantial traffic for the
Hooters restaurant. The new space can accommodate 280 people, including a
large outdoor patio.

Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, Inc.,
stated, "Opening our third Hooters restaurant in South Africa affirms our
successful track record of extending the Hooters brand in Africa. We see
tremendous opportunity in this region and the optimism, energy and
entrepreneurial spirit evident in Cape Town makes it a critical location for
attracting locals and tourists to the renowned Hooters brand."

Pruitt continued, "Our partnership with SGShaw Food has proven
invaluable. Their expertise in food services, paired with their proven
ability to identify, secure and develop our Durban and Johannesburg
locations, gives us high expectations for the new Cape Town location."

"There is a tremendous amount of excitement surrounding the opening of
Hooters on Edward Street and we are eager to exceed the expectations of Cape
Towns' multi-cultural local and tourist communities," commented Spencer Shaw,
Chairman of SGShaw Food, PTY. "On the heels of winning the Restaurant
Association of South Africa award for service excellence, we are committed to
bringing they same high standard of service to all Hooters locations
throughout South Africa."

Chanticleer Holdings, Inc. formed HOOT SA 111, LLC, for the purpose of
contributing 50% of the start-up capital for the South Africa Hooters project
in Cape Town. Chanticleer led this investment and raised the remainder from
outside private investors. Chanticleer Advisors is the manager of HOOT SA
111, and will participate in the profits of all three Hooters South African
operations.

About Chanticleer Holdings, Inc.

Chanticleer Holdings, Inc. is a publicly traded holding company that is
headquartered in Charlotte, NC. It operates two wholly-owned operating
subsidiaries: Chanticleer Advisors, an investment manager; and Avenel
Ventures, a consulting firm. Additionally, the company owns several minority
investments in private companies, including an interest in a convertible note
into Hooters of America, Inc. Chanticleer Holdings, Inc. was formed in 2005
as a business development company. In 2008 our shareholders elected to
convert to an operating holding company. For further information, please
visit www.chanticleerholdings.com

    Contact:
    Todd Fromer/Sharron Silvers
    KCSA Strategic Communications
    P: +1-212-682-6300

Todd Fromer or Sharron Silvers of KCSA Strategic Communications, +1-212-682-6300, for Chanticleer Holdings, Inc.