Director Remuneration Policy

Shanta Gold Limited
                          ("Shanta" or the "Company")

                                13 October 2011

                          Director Remuneration Policy

Further  to the  announcements to  the market  regarding directors' remuneration
dated  31 January 2011 and  18 February 2011, certain  directors of the Company,
namely  Walton  Imrie,  Walter  Vorwerk,  Gareth  Taylor  and  Paul  Heber ("the
Participating  Directors") entered into  a share acquisition  agreement with the
Company  under which they agreed to place an order for ordinary shares of Shanta
in  the market on the tenth  trading day of every month,  to be executed on such
day  or as soon as practicable thereafter. The foreign currency exchange rate to
be used in determining the number of shares to be acquired by each Participating
Director  is the spot  price as published  in the London  Financial Times on the
ninth trading day of every month.

Under the share acquisition agreement, Gareth Taylor agreed to acquire shares to
the value of US$15,000. However, Gareth Taylor's share acquisition agreement has
today  been amended and, as of 14 October 2011, Mr Taylor's participation in the
share acquisition scheme shall be to the value of US$5,000 per month.

Under  the  share  acquisition  agreement  the  Participating  Directors have no
discretion  in  respect  of  the  acquisition  of  shares  each month. The share
acquisition  agreement commenced on 14 March  2011 and shall expire on 14 August
2012.

Enquiries:

Shanta Gold Limited
Walton Imrie
Mobile: [phone]

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

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







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Source: Shanta Gold Limited via Thomson Reuters ONE

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