Holding(s) in Company

SHANTA GOLD LIMITED ("the Company")

Holding in Company

The Company received a notification on 16 July 2008 from Goodman &
Company on behalf of Goodman & Company, Investment Counsel Ltd -
Dynamic Funds, informing it that on behalf of one or more mutual
funds or other discretionary client accounts managed by it, they have
increased there position in the Company and now exercise control or
direction over 7,500,000 ordinary shares representing approximately
7.47% of the issued share capital of the Company.

17 July 2008

For further information contact:

Walter Vorwerk, Shanta Gold Ltd, Tel: [phone].

Edward Farmer, Panmure Gordon & Co, Tel: [phone].

---END OF MESSAGE---