Director/PDMR ShareholdingDirector's Dealing an...

SHANTA GOLD LIMITED
               Director's Dealing and Issue of Equity



Shanta Gold Limited ("the Company") announces that, on 12 June  2008,
the directors of the Company approved an allotment of ordinary shares
of 0.01p in the share capital of the Company, as set out below:


+-------------------------------------------------------------------+
|   Registered    | Increase in No. of | Total No. of | % of Issued |
|     Holder      |  Ordinary Shares   |   Ordinary   |  Ordinary   |
|                 |                    |    Shares    |   Shares    |
|-----------------+--------------------+--------------+-------------|
| Mr Walton Imrie |       50,561       |  6,168,507   |    6.14%    |
+-------------------------------------------------------------------+


This allotment is in terms of Mr Imrie's executive service  contract.
The award is  based on  remuneration of $7500  at a  strike price  of
0.075p.

Following the issue  Mr Imrie  will hold  6,168,507 Ordinary  Shares,
amounting to 6.14% of the Company's total issued share capital.

Application will be made for the new Ordinary Shares issued (the "New
Ordinary Shares")  to be  admitted to  AIM and  dealings in  the  New
Ordinary Shares is expected to commence on 26 June 2008.

The total number of issued ordinary shares in the Company,  including
the New Ordinary Shares, is now 100,448,470 ordinary shares.



For further information contact:

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]

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