Drilling Report/Appointment

Shanta Gold Limited 02 December 2005 Shanta Gold Limited Friday 2 December 2005 Shanta Gold is pleased to announce the appointment of Mr Chris Picken as chief operating officer of Shanta Mining Company Limited in Dar es Salaam with effect from 1 December 2005. This follows Shanta's announcement in September this year that it would be stepping up its presence in Tanzania, where the company has started an aggressive drilling programme. Since 2002 Mr Picken has held the position of exploration manager for Shanta Mining in Tanzania. He has 18 years' experience in mineral exploration in Europe, South Africa and in South America, where he was responsible for gold exploration in the Chicanan and Increible greenstone belts in Venezuela for Gold Fields, and was country manager responsible for Gold Fields' exploration activities in Bolivia. Mr Walter Vorwerk has been appointed chairman of the audit committee, overseeing and monitoring structures and financial controls, and Mr George Bennett will assume the responsibility for interaction with the company's current and future investors. Shanta's drilling programme at its Katario project is close to completion. The company will be releasing the results from the programme later this month. In line with the programme for drilling on the prime Muguso target, Shanta has commenced infrastructure development with drilling scheduled to commence in early January 2006. Progress on the first phase exploration at Singida PL is also nearing completion, and results will be made available in December. Note to editors: Shanta Gold, which was admitted to the Alternative Investment Market (AIM) of the London Stock Exchange in June 2005, currently holds prospecting rights over a resource base of just under 1Moz, comprising 741,000 oz at Mgusu (of which 127,000 oz are Indicated and 614,000 oz are Inferred, plus approximately 185,000 oz Inferred at Ikungu) in what the Board considers to be some of the most highly prospective areas of Tanzania. For further information: Shanta Gold George Bennett: Walter Vorwerk Mobile: +27 (0) 82 652 8526 Mobile: +27 (0) 83 308 0080 JOHANNESBURG Russell & Associates Marion Brower/Charmane Russell Tel: +27 11 880 3924 LONDON St James' Corporate Services Phil Dexter Tel: +44 207 491 1889 This information is provided by RNS The company news service from the London Stock Exchange
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