Directors' Shareholdings and Issue of Equity

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

Directors' Shareholdings and Issue of Equity

Shanta Gold announces that application has been made for a total of 138,641 new
ordinary shares of 0.01p each in the Company to be admitted to trading on the
AIM market of the London Stock Exchange.

Further to the announcements on 30 June 2009 and 20( )May (providing for certain
Directors to accept shares in the Company in lieu of salary), 133,519 new
ordinary shares were allotted to certain Directors of the Company on 1 September
2010 in lieu of salaries for the month of August 2010 in relation to Mr Walton
Imrie, Mr Walter Vorwerk, Mr David Scott and Mr. Gareth Taylor.

Shares have been allotted to certain Directors as follows:

+--------------+-------------+-----------+-----------------+-----------+
|Director      |Shares Issued|Share Price|Resultant Holding|Resultant %|
+--------------+-------------+-----------+-----------------+-----------+
|Walton Imrie  |23,283       |21.00p     |9,122,190        |7.15       |
+--------------+-------------+-----------+-----------------+-----------+
|Walter Vorwerk|28,899       |21.00p     |663,315          |0.52       |
+--------------+-------------+-----------+-----------------+-----------+
|David Scott   |34,770       |21.00p     |590,713          |0.46       |
+--------------+-------------+-----------+-----------------+-----------+
|Gareth Taylor |46,567       |21.00p     |326,414          |0.26       |
+--------------+-------------+-----------+-----------------+-----------+

Further to the issue of new ordinary shares to certain Directors of the Company
as set out above, the Company has also issued 5,122 new ordinary shares at
21.00p to an employee of the Company in lieu of salary for the month of August
2010.

All of the new ordinary shares issued by the Company, as described above, were
issued at the closing mid-market price on the last business day of the calendar
month and converted at the exchange rate ruling at the close of business on that
date.

The new ordinary shares will rank pari passu with existing ordinary shares and
dealings are expected to commence in the new ordinary shares on 9 September
2010.

Following the issue of the new ordinary shares as described above, the Company's
issued share capital now consists of 127,648,869 ordinary shares of 0.01p each.

For further information, please contact:


 Shanta Gold Limited
 Walter Vorwerk        Tel: [phone]



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






[HUG#1442588]








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Source: Shanta Gold Limited via Thomson Reuters ONE