Drilling Report

Shanta Gold Limited
06 June 2006

6 June 2006



                            SHANTA GOLD ANNOUNCEMENT

                          (the "Company" and "Shanta")



                Shanta Gold records further successes at Singida



Further to the completion of the initial drilling programme at Shanta's
wholly-owned Tanzanian Singida project, the company is pleased to announce the
assay results from 61 reverse circulation (RC) boreholes.



Shanta chief executive Richard Shead said today that Shanta had made good
progress with its drilling programme at Singida, with almost 9000 metres of RC
drilling completed in the 2005 calendar year.  "These latest encouraging results
from our investigation into the downdip and along-strike continuity have added
further credibility to our first phase drill programme completed in April, the
results of which have previously notified to the market."



Shanta is currently completing reconnaissance drilling at a fourth location
along the strike projection which will considerably extend the strike. The
company is accelerating the exploration programme at Singida and a second
reverse circulation rig has recently commenced drilling and a diamond rig is
expected on site shortly".



The Johannesburg based consultants Mineral Corporation have completed an initial
site visit to the project and are presently reviewing all exploration results
and completing an independent assessment report.



The detailed assay results from the three principal zones are provided in the
tables below. Assays were completed on individual 1 metre samples by the
world-renowned SGS mineral testing facility in Mwanza, Tanzania, using 50g fire
assay with atomic absorption finish. Duplicates, blanks and standards were used
throughout the sampling program to ensure quality assurance. An internal quality
control process is ongoing.






Borehole        From (m)     Intersection (m)  Au (g/t)      Including
SC64            41           10                7.70          1 Metre @ 42.05 g/t
SC65            51           11                3.58          2 Metres @ 13.95 g/t
SC66            49           11                4.22
SC67            58           5                 5.87
SC68            58           3                 0.88
SC69            86           7                 1.93
SC70            53           10                8.49          1 Metre @ 29.95 g/t & 2 Metres @ 13.02 g/t
SC71            76           10                4.14          2 Metres @ 10.43 g/t
SC72            98           4                 4.87          1 Metre @ 13.90 g/t
SC73            118          2                 7.91          1 Metre @ 10.08 g/t
SC74            46           8                 6.73          2 Metres @ 17.95 g/t

Borehole        From (m)     Intersection (m)  Au (g/t)      Including

SC75            70           7                 8.31          1 Metre @ 18.95 g/t
SC75            82           1                 6.57
SC76            93           7                 12.74         1 Metre @ 27.10 g/t
SC77            112          8                 6.18
SC78            44           1                 7.90
SC78            52           1                 2.30
SC79            69           3                 1.08
SC80            91           4                 1.86
SC81            100          7                 1.11
SC82            81           1                 5.59
SC82            100          2                 3.77
SC83            99           3                 5.26
SC84            40           14                9.40          2 Metres @ 31.52 g/t & 1 Metre @ 25.65 g/t
SC85            30           12                8.21          1 Metre @ 38.90 g/t
SC86            20           11                12.77         1 Metre @ 20.65 g/t
SC87            7            15                6.87          1 Metre @ 61.55 g/t
SC88            30           7                 6.84
SC89            20           12                8.87          3 Metres @ 21.34 g/t
SC90            9            15                9.22          2 Metres @ 46.15 g/t
SC91            49           7                 3.66
SC92            76           4                 1.55
SC93            86           1                 5.99
SC107           59           13                4.33
SC108           63           3                 20.20         1 Metre @ 40.55 g/t
SC109           57           3                 2.27
SC110           53           2                 145.36         1 Metre @ 280 g/t
SC57            34           5                 0.77
SC58            46           2                 1.48
SC59            28           8                 3.03
SC60            38           3                 1.43
SC61            28           1                 2.52
SC62            27           2                 2.07
SC62            41           5                 2.12
SC63            38           2                 1.72
SC112           75           5                 21.09         2 Metres @ 49.47 g/t
SC114           73           2                 8.65          1 Metre @ 16.70 g/t
SC115           54           7                 21.19         3 Metres @ 46.36 g/t
SC116           41           2                 10.14
SC117           61           3                 3.26
SC95            75           1                 9.74
SC96            30           12                3.10
SC97            52           14                2.68
SC98            67           10                3.07
SC100           10           2                 1.81

Borehole        From (m)     Intersection (m)  Au (g/t)      Including
SC102           70           3                 3.29
SC103           14           4                 0.95
SC104           50           2                 3.12
SC104           64           2                 2.29





Logging and sampling of the drilling programme was directly supervised by Chris
Picken.  Mr Picken holds a BSc (Hons) degree in geology from the University of
Manchester and has 18 years' international experience in greenstone gold
exploration.



For further detail on Shanta's drilling programme at Singida please refer to the
Shanta Gold website at www.shantagold.com







For further information please contact:


Shanta Gold
R. B Shead                                            Walton Imrie
                                                      Chairman
Mobile: [phone]                               Mobile: [phone]
Chris Picken
Chief Operating Officer
Mobile: [phone]




Distributed by:
Russell & Associates
Johannesburg
Marion Brower/Charmane Russell
Tel: [phone]


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