Exercise of Warrants

Shanta Gold Limited
06 September 2006



                                                                6 September 2006



                              SHANTA GOLD LIMITED

                        ("Shanta Gold" or the "Company")



Shanta confirms that on 5 September 2006 the directors of the Company approved
an allotment of shares following the exercise of warrants over ordinary shares
of 0.01p in the share capital of the Company (the "Warrants") as set out below:


Registered Holder    Number of    Subscription    No. Of shares   Exercise Price
                     Warrants     Price
BBHISL               500,000      30p             500,000         £150,000.00



Application will be made for the ordinary shares created pursuant to the
exercise of the Warrants (the "New Ordinary Shares") to be admitted to AIM and
dealings in the New Ordinary Shares is expected to commence on 12 September
2006.



The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 91,608,772 ordinary shares.



For further information contact:


David Youngman, W.H. Ireland Ltd                      Tel:  [phone]
Walter Vorwerk, Shanta Gold Ltd                       Tel:  +27 (0)  83 308 0080




                      This information is provided by RNS
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