Director/PDMR Shareholding

22 August 2008


                         SHANTA GOLD LIMITED
               Director's Dealing and Issue of Equity



Shanta Gold  Limited ("the  Company") announces  that, on  14  August
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 |       59,049       |  6,227,556   |    6.2%     |
+-------------------------------------------------------------------+


This allotment is in terms of Mr Imrie's executive service  contract.
The award is  based on  remuneration of $7500  at a  strike price  of
0.0638p.

Following the issue  Mr Imrie  will hold  6,227,556 Ordinary  Shares,
amounting to 6.2% 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 ___________.

The total number of issued ordinary shares in the Company,  including
the New Ordinary Shares, is now 100,507,519 ordinary shares.



For further information contact:

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]

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