Directors' Shareholding - Replacement

This  announcement replaces the announcement  released on 16 May 2011, at 10.01
am,  with number HUG#1516088.  The total number  of ordinary shares purchased by
certain Directors of the Company was 46,744, as set out below.


                              Shanta Gold Limited
                        ('Shanta Gold' or 'the Company')

                                  16 May 2011

Directors' Shareholdings

Further to the announcements on 31 January 2011 and 18 February 2011 (providing
for certain Directors to acquire existing ordinary shares in the Company in a
Board approved monthly purchase scheme), Shanta Gold announces that a total of
46,744 ordinary shares were purchased today by certain Directors of the Company.


Further details concerning the share purchases by certain Directors are set out
below:

+--------------+----------------+-----------+------------------+---------------+
|Director      |Number of shares|Share price|Resultant         |Resultant % of |
|              |purchased       |paid       |shareholding      |issued share   |
|              |                |           |                  |capital of the |
|              |                |           |                  |Company        |
+--------------+----------------+-----------+------------------+---------------+
|Walton Imrie  |8,656           |35.5p      |9,367,513         |5.21           |
+--------------+----------------+-----------+------------------+---------------+
|Walter Vorwerk|8,656           |      35.5p|919,993           |0.51           |
+--------------+----------------+-----------+------------------+---------------+
|Gareth Taylor |25,970          |      35.5p|           621,885|0.35           |
+--------------+----------------+-----------+------------------+---------------+
|Paul Heber    |3,462           |      35.5p|53,528            |0.03           |
+--------------+----------------+-----------+------------------+---------------+

For further information, please contact:

 Shanta Gold Limited   Tel: [phone]
 Walter Vorwerk


 Nominated Adviser and Broker   Tel: [phone]
 Fairfax I.S. PLC
 Ewan Leggat / Laura Littley









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Source: Shanta Gold Limited via Thomson Reuters ONE

[HUG#1516660]