Changes to Executive Director Remuneration

Shanta Gold Limited

("Shanta Gold" or the "Company")

Changes to Executive Director Remuneration

In consideration of the general economic conditions and its effect on
Shanta Gold the Company has requested and the executive directors
have accepted that a portion of the remuneration of the directors be
paid in ordinary shares of the Company. Each payment will be
calculated by reference to the closing mid-market price on the last
business day of each calendar month and converted at the exchange
rate ruling at the close of business on that date. Directors affected
and their contractual terms are set out below:


Name           Total monthly salary (US$) Amount in cash (US$) Notes
Walton Imrie   15,000                     7,500                1, 4
David Scott    11,050                     7,500                2, 4
Walter Vorwerk 11,500                     10,000               3, 4


1. Mr Imrie's contract which expired on 31 December 2008 has been
renewed on similar terms and conditions for an indefinite period.

2. Mr Scott's contract provides for a payment of $1,050 for any days
worked in excess of 2.5 days per week.

3. Mr Vorwerk's contract provides for payment of $1,370 for any days
worked in excess of 2 days per week.

4. The current direct and indirect interests of Walton Imrie, David
Scott and Walter Vorwerk in ordinary shares in the Company are as
follows:

Name           Ordinary shares % interest Options to acquire shares
Walton Imrie   7,110,466       7.01       168,006
David Scott    -               -          -
Walter Vorwerk 44,000          0.04       830,403


The part payment of remuneration in ordinary shares of the Company
will apply from 1 July 2009 until further notice and the Board will
review these arrangements again in June 2010.

Contact:

Shanta Gold Limited 

http://www.shantagold.com

Walton Imrie
Mobile: [phone]

Walter Vorwerk
Mobile: [phone]

Fairfax I.S. PLC
Ewan Leggat / Laura Littley
[phone]

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