Shanta Gold Limited : Notice of EGM & Grant...

6 January 2012

                              Shanta Gold Limited

                         Extraordinary General Meeting
                             Grant of share options

Shanta  Gold Limited ("Shanta Gold"  or "the Company") today  gave notice of its
intention  to hold an extraordinary general meeting of the Company to be held at
10.00 a.m.  on  15 February  2012 at  Suite  A,  St  Peter Port House, Sausmarez
Street, St Peter Port, Guernsey.

The  Board of Shanta Gold announces that on 6 January 2012 it approved the award
of  options to certain employees of the Company under the terms of the Company's
Employee  Share  Option  Plan.  A  total  of  3,030,000 options,  equivalent  to
approximately 1.12% of the current issued ordinary share capital of the Company,
have  been awarded to 33 employees. The share  options have an exercise price of
23.13p and  25% vest immediately, 25% will vest on  the first anniversary of the
award and the balance of 50% will vest on the second anniversary of the award.

Options have only been awarded to employees who are not Directors of the Company
and who were not in possession of any unpublished price sensitive information.

Contacts:

Shanta Gold Limited
Walton Imrie   Tel: +27 (0) 82 444 2851
Gareth Taylor   Tel: [phone] 732 484

Nominated Adviser and Broker
Fairfax I.S. PLC
Tel: [phone]
Ewan Leggat / Laura Littley

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







This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Shanta Gold Limited via Thomson Reuters ONE

[HUG#1575678]