Directors' Shareholdings

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

                                14 December 2011

                            Directors' Shareholdings

Further to the announcements on 31 January 2011, 18 February 2011 and 13 October
2011 (providing for certain Directors to acquire existing ordinary shares in the
Company in a Board approved monthly purchase scheme), Shanta Gold announces that
a total of 54,415 ordinary shares were purchased today by certain Directors of
the Company.

Further details concerning the share purchases by certain Directors are set out
below:

Director       Number of shares                                   Resultant % of
                      purchased  Share price           Resultant    issued share
                                        paid        shareholding  capital of the
                                                                         Company

Walton Imrie             16,005          20p          10,161,241            3.76

Walter Vorwerk           16,005          20p           1,019,277            0.38

Gareth Taylor            16,005          20p             831,490            0.31

Paul Heber                6,400          20p             256,933            0.10


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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