Definition Infill Drilling at the Jamhuri Prospect

Shanta Gold Limited [AIM: SHG]

               Definition Infill Drilling at the Jamhuri Prospect

Shanta  Gold Limited ("Shanta"  or "Company"), the  near-term gold producer with
operations in Tanzania, is pleased to announce its assay results achieved from a
recent infill drilling programme commissioned at the Jamhuri Prospect ('Jamhuri'
or  'the Prospect'). Jamhuri is located approximately 2km to the east of its New
Luika  Gold  Mine  metallurgical  plant  currently  under  construction  in  the
Tanzanian goldfields.

Highlights:

-    Positive assay results announced at  the Jamhuri Prospect, 2km from the New
Luika  Gold Mine, identify approximately 750m of mineralised strike, open to the
southeast and at depth

     -   Significant intersections include:

          -   4m at 3.18 g/t
          -   9m at 2.87 g/t
          -   12m at 2.54 g/t
          -   8m at 2.75 g/t
          -   4m at 3.30 g/t
          -   7m at 4.24 g/t

-    Following development of the revised block models, including these results,
a  reserve will  be generated  by an  external mining  engineering consultant by
January 2012

-    Mining scheduled  to commence  at Jamhuri  following completion of open pit
mining at Bauhinia Creek Prospect, Luika Prospect and the Black Tree Prospect

-    Definition infill drilling of the  Black Tree Hill Mineralised Prospect has
been completed and final assay results are awaited.

Walton  Imrie, Shanta  Gold's Chairman  commented; '"We  are delighted  with the
results of the infill drilling programme at Jamhuri which demonstrate the strong
potential  of the  prospect. These  results will  be integrated,  by an external
third  party to delineate a  new JORC Compliant resource  ahead of producing the
optimised  pit design.  It is  expected that  the in  situ grade of Jamhuri will
increase  and with that the  production levels (refer to  slide number 31 in the
August  2011 presentation  posted  on  the  Shanta  website).  This  will have a
positive  impact  on  the  cost  of  production  in  year  eight  of the current
production  schedule. We therefore expect the published escalated average annual
cost of production to reduce.

"It  is  important  to  remember  that  the  current production schedule is only
applicable  to open pittable  resources/reserves and does  not take into account
the  likely possibility of underground mining  at Bauhinia Creek and Luika pits.
As  such we believe that  further deeper drilling at  both of the aforementioned
projects is a necessity".

The  Jamhuri Prospect  is scheduled  to be  mined after  completion of  open pit
mining  activities at the Bauhinia Creek Prospect, Luika Prospect and Black Tree
Hill  Prospect. To date, drilling programmes have identified approximately 750m
of  mineralised strike extent  at the prospect.    Mineralisation is open to the
southeast and at depth.

The significant composite intersections achieved in definition infill drillholes
are listed in Table 1 at the end of the press release.

Enquiries:

 Shanta Gold Limited            Tel:
 Walton Imrie                   +27 (0) 82 444 2851
 Gareth Taylor                  +255 (0) 757 732 484

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

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



Table 1: Significant Composite Intersections - Jamhuri Infill Drilling Programme

JAMHURI - INFILL DRILLING INTERSECTIONS

+-------+----+--+------------+------------------+-------------------+
|BHID   |FROM|TO|VALUE_AU_PPM|DOWNHOLE_INT_WIDTH|COMPOSITE_GRADE_PPM|
+-------+----+--+------------+------------------+-------------------+
|CSR286 |30  |31|1.59        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR286 |31  |32|1.83        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR286 |32  |33|0.41        |5                 |1.61               |
+-------+----+--+------------+                  |                   |
|CSR286 |33  |34|0.80        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR286 |34  |35|3.44        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR287 |29  |30|2.02        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR287 |30  |31|1.16        |                  |                   |
+-------+----+--+------------+4                 |3.18               |
|CSR287 |31  |32|9.21        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR287 |32  |33|0.35        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR288 |40  |41|0.80        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |41  |42|7.68        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |42  |43|5.52        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |43  |44|5.88        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |44  |45|1.58        |9                 |2.87               |
+-------+----+--+------------+                  |                   |
|CSR288 |45  |46|0.55        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |46  |47|1.48        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |47  |48|2.04        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR288 |48  |49|0.29        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR289 |29  |30|1.62        |1                 |1.62               |
+-------+----+--+------------+------------------+-------------------+
|                                                                   |
+-------+----+--+------------+------------------+-------------------+
|CSR289 |38  |39|0.63        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |39  |40|0.97        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |40  |41|0.77        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |41  |42|3.31        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |42  |43|0.45        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |43  |44|0.03        |                  |                   |
+-------+----+--+------------+12                |2.54               |
|CSR289 |44  |45|0.84        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |45  |46|5.26        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |46  |47|2.91        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |47  |48|8.54        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |48  |49|3.24        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR289 |49  |50|3.50        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR289 |62  |63|0.98        |                  |                   |
+-------+----+--+------------+2                 |1.17               |
|CSR289 |63  |64|1.35        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR290 |40  |41|0.95        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |41  |42|0.62        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |42  |43|1.38        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |43  |44|0.08        |                  |                   |
+-------+----+--+------------+8                 |2.75               |
|CSR290 |44  |45|0.85        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |45  |46|1.70        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |46  |47|12.75       |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR290 |47  |48|3.69        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR291 |47  |48|0.87        |                  |                   |
+-------+----+--+------------+2                 |1.95               |
|CSR291 |48  |49|3.04        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR292 |27  |28|8.00        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |28  |29|0.55        |                  |                   |
+-------+----+--+------------+4                 |3.30               |
|CSR292 |29  |30|2.21        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |30  |31|2.44        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR292 |36  |37|3.98        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |37  |38|2.34        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |38  |39|0.90        |                  |                   |
+-------+----+--+------------+6                 |2.58               |
|CSR292 |39  |40|2.13        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |40  |41|4.61        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR292 |41  |42|1.50        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR293 |56  |57|1.72        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR293 |57  |58|3.08        |                  |                   |
+-------+----+--+------------+4                 |5.30               |
|CSR293 |58  |59|12.85       |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR293 |59  |60|3.55        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|CSR293 |66  |67|8.59        |                  |                   |
+-------+----+--+------------+2                 |5.17               |
|CSR293 |67  |68|1.75        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

+-------+----+--+------------+------------------+-------------------+
|*CSR294|65  |66|0.76        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |66  |67|1.68        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |67  |68|5.54        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |68  |69|1.59        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |69  |70|1.77        |9                 |1.88               |
+-------+----+--+------------+                  |                   |
|CSR294 |70  |71|0.07        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |71  |72|3.42        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |72  |73|0.80        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |73  |74|1.33        |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|CSR294 |74  |75|0.03        |                                      |
+-------+----+--+------------+Internal Dilution Parting             |
|CSR294 |75  |76|0.02        |                                      |
+-------+----+--+------------+------------------+-------------------+
|CSR294 |76  |77|3.16        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |77  |78|10.25       |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |78  |79|4.05        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |79  |80|5.68        |7                 |4.24               |
+-------+----+--+------------+                  |                   |
|CSR294 |80  |81|5.22        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |81  |82|0.89        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR294 |82  |83|0.41        |                  |                   |
+-------+----+--+------------+------------------+-------------------+



+-------+----+--+------------+------------------+-------------------+
|CSR295 |83  |84|0.39        |                  |                   |
+-------+----+--+------------+2                 |2.02               |
|CSR295 |84  |85|3.65        |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|       |    |  |            |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|CSR296 |70  |71|1.55        |1                 |1.55               |
+-------+----+--+------------+------------------+-------------------+
|and                                                                |
+-------+----+--+------------+------------------+-------------------+
|CSR296 |75  |76|0.29        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR296 |76  |77|8.19        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR296 |77  |78|2.49        |5                 |2.60               |
+-------+----+--+------------+                  |                   |
|CSR296 |78  |79|1.28        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR296 |79  |80|0.75        |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|       |    |  |            |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|CSR297 |59  |60|1.58        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR297 |60  |61|1.97        |3                 |1.48               |
+-------+----+--+------------+                  |                   |
|CSR297 |61  |62|0.88        |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|       |    |  |            |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|CSR298 |53  |54|0.91        |                  |                   |
+-------+----+--+------------+                  |                   |
|CSR298 |54  |55|0.47        |3                 |0.87               |
+-------+----+--+------------+                  |                   |
|CSR298 |55  |56|1.23        |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|       |    |  |            |                  |                   |
+-------+----+--+------------+------------------+-------------------+
|CSR299 |57  |58|3.46        |                  |                   |
+-------+----+--+------------+2                 |3.06               |
|CSR299 |58  |59|2.65        |                  |                   |
+-------+----+--+------------+------------------+-------------------+

*CSR294:  With  internal  dilution  envelope  included  in  composite,  downhole
intersection composite is 18m @ 2.59g/t

Qualified Person:

Braam  (J.A.C.)  Jankowitz,  M.Sc.,  Pr.Nat.Sci. (400127/93), Shanta's Technical
Services  Manager is  a qualified  person as  defined in  the Guidance  Note for
Mining,  Oil and Gas Companies, June 2009, of the London Stock Exchange, and has
reviewed and approved the technical information contained in this announcement.








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Source: Shanta Gold Limited via Thomson Reuters ONE

[HUG#1551175]