Drilling Report

Shanta Gold Limited
05 May 2006



                              SHANTA GOLD LIMITED
                          ("Shanta" or the "Company")


Shanta Gold Ltd Intersects High Grade Mineralization at its Singida Project in
Tanzania


Shanta Gold Ltd (AIM SHG.L) is pleased to announce the results of its recently
completed initial drilling program on its 100% owned Singida project in central
Tanzania. The program consisted of 236 RAB holes totaling 3632 metres and 56
reverse circulation drill holes totaling 2773 metres. The boreholes were drilled
along fence lines to investigate broad soil gold geochemical anomalies at four
zones along a total 4.8 km strike length.


Highlights of the drill program include reverse circulation drill holes SC12
that intersected 16 metres grading 5.54 g/t Au, SC25 that intersected 9 metres
at 4.68 g/t Au, SC 43 which intersected 5 metres at 23.90 g/t (including 1 metre
at 79.38 g/t), and SC33 that intersected 11 metres at 4.67 g/t Au. All of these
mineralized intersections occur from surface to 30 metres depth.


The boreholes intersected a sequence of mainly fresh, altered and highly sheared
Archaean metamorphic rocks including amphibolite, diorite, gabbro, meta-volcanic
and meta-sedimentary rocks. The gold mineralization is shear-hosted associated
with quartz veining and disseminated sulphide mineralization.


Significant results from the first phase drill program are provided in the
tables below:


Reverse Circulation Holes


   Borehole       From (m)    Intersection (m)     Au (g/t)                    Including

      SC8                 32                  10         1.80  2 metres @ 3.94 g/t
     SC12                 34                  16         5.69  2 metres @ 14.00 g/t
     SC13                  8                   6         2.64  2 metres @ 6.67 g/t
     SC16                 30                   6         5.82  2 metres @ 14.75 g/t
     SC21                 28                   2         9.81
     SC21                 32                   2         4.60
     SC22                  0                   6         2.11
     SC25                 32                   8         6.66  2 metres @ 8.77 g/t
     SC26                  2                   8         2.49
     SC33                 16                  12         3.97
     SC36                 36                  18         1.93 4 metres @ 4.80 g/t
     SC38                  6                   2         1.90
     SC38                 38                   4         1.67
     SC39                  2                   6         1.67
     SC40                 24                   2         1.32
     SC40                 34                   4         3.01
     SC43                 16                   6        17.87 4 metres @ 24.27 g/t
     SC46                 42                   4         1.94
     SC47                  8                   6         1.30
     SC51                  8                   2         2.94
     SC53                 42                   4         1.36
     SC55                 16                   2         1.87



Samples are 2 metre samples combining separate 1 metre (1kg) splits from dry RC
intervals using a standard riffle splitter. The samples were assayed by SGS
Mwanza using 50g Fire Assay with AAS finish. Duplicates, blanks and standards
were used throughout the drill program.


Reverse Circulation Holes (Check Samples)


   Borehole       From (m)    Intersection (m)     Au (g/t)                    Including

      SC8                 32                   9         1.57
     SC12                 34                  16         5.24 1 metre at 19.59 g/t Au & 1 m @ 23.00 g/t Au
     SC13                  8                   5         4.83 2 metres @ 10.85 g/t Au
     SC21                 28                   2        10.60 1 metre at 19.38 g/t Au
     SC25                 32                   9         4.68 3 metres @ 6.26 g/t Au
     SC26                  2                   8         5.17 1 metre @ 11.98 g/t Au
     SC33                 16                  11         4.67 1 metre at 11.07 g/t Au & 1 m @ 10.52 g/t Au
     SC43                 17                   5        23.90 1 metre @ 79.38 g/t Au
     SC46                 42                   3         4.39 1 metre @ 7.23 g/t Au


Samples are repeat samples from the original 1 metre sample using the same
sample methodology. The samples were assayed by Humac Labs in Mwanza using 50g
Fire Assay.


Rotary Air Blast Holes


   Borehole       From (m)    Intersection (m)     Au (g/t)                    Including

     SB11                  8                   4         1.51
     SB24                  2                   8        13.35  2 metres @ 35.80 g/t
     SB29                 12                   2         8.11
     SB53                  8                   2         5.57
     SB54                  2                   6         4.81  2 metres @ 11.45 g/t
     SB98                  4                   4         3.43  2 metres @ 6.12 g/t
     SB111                16                   9         1.70
     SB140                12                  12         1.89
     SB191                 0                   9         4.66  2 metres @ 11.75 g/t



In addition to the laboratory's quality control program a check assay program is
ongoing. Metallic screen fire assays on selected samples have confirmed the high
grade mineralization reported in routine 50g fire assays.



Chris Picken, the Chief Operating Officer stated. "This is a highly encouraging
start to the drilling program at Singida. In the opinion of the board directors
of Shanta Gold Limited these are significant mineralized gold intersections
close to surface which remain open along strike and down dip. A second phase
drilling program of deeper infill and step out drilling has recently commenced.
This drilling programme is being reviewed by The Mineral Corporation Consultancy
(Pty) Ltd an independent South African geological consultancy company


Shanta Gold Ltd is a gold exploration company actively exploring in Tanzania and
its shares are traded on AIM, a market operated by the London Stock Exchange
(AIM:SHG.L)



Further information can be obtained from:


Walton Imrie (Chairman Shanta Gold Limited)           Tel: [phone]


Chris Picken - Bsc (Hons) Geology                     Tel: [phone]

(COO Shanta Mining Company Limited)


David Youngman, W.H. Ireland Ltd                      Tel:  [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange