Directors' Shareholdings

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

                                14 October 2011

                            Directors' Shareholdings

Further to the announcements on 31 January 2011, 18 February 2011 and 13 October
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 50,718 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                                   Resultant % of
                      purchased   Share price          Resultant    issued share
                                         paid       shareholding  capital of the
                                                                         Company

Walton Imrie             14,917        21.25p         10,132,120            3.83

Walter Vorwerk           14,917        21.25p            990,156            0.37

Gareth Taylor            14,917        21.25p            802,369            0.30

Paul Heber                5,967        21.25p             81,335            0.03


Enquiries:

Shanta Gold Limited
Walton Imrie
Mobile: [phone]

Fairfax I.S. PLC
Nomad & Broker
Ewan Leggat/Laura Littley
[phone]

Financial Relations
Tavistock Communications
Emily Fenton/Ed Portman
Tel: [phone]











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Source: Shanta Gold Limited via Thomson Reuters ONE

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