Director/PDMR Shareholding

SHANTA GOLD LIMITED
               Director's Dealing and Issue of Equity



Shanta Gold Limited ("the Company")  announces that, on 17  September
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 |      203,527       |  6,431,083   |    6.39%    |
+-------------------------------------------------------------------+


This allotment  is  in terms  of  the Mr  Imrie's  executive  service
contract. The award  is based on  remuneration of $7500  at a  strike
price of 0.0388p for both July and August.

Following the issue  Mr Imrie  will hold  6,431,083 Ordinary  Shares,
amounting to 6.39% 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 23 September 2008.

The total number of issued ordinary shares in the Company,  including
the New Ordinary Shares, is now 100,711,046 ordinary shares.

17 September 2008


For further information contact:

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]

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