Drilling Report

Shanta Gold Limited
02 November 2005



                                                                 2 November 2005


                              Shanta Gold Limited

                                ("Shanta Gold")

                    DRILLING PROGRAMME ON TRACK IN TANZANIA



Shanta Gold, the gold exploration and development company, which was admitted to
AIM in July 2005, is pleased to announce the start of a drilling programme at
its Katario project in Tanzania.



George Bennett, CEO of Shanta Gold, said today: "The 2,070 metre reverse
circulation drilling programme is designed to determine the extent of gold
mineralisation within the Tembo Mine area, and along projected strike
extensions.  The drilling programme is expected to be completed by the end of
November with results due in mid December this year."



Tembo Mine is situated 35 kilometres south of the town of Musoma and 9
kilometres along strike from the 800,000 oz deposit at Kiabakari.  Prior
workings at the Tembo Mine have produced some 41 kilograms of gold, with an
average grade of 6.9 g/t.  In 2004 and 2005 Shanta completed a detailed
exploration programme comprising geological mapping, soil geochemical sampling,
magnetic, radiometric and IP (induced polarisation) surveys.  Broad zones of
mineralisation have been delineated in underground mine workings averaging 7.2 g
/t of gold over 9.4 metres and 6.7 g/t of gold over 18.6 metres.



"In pursuit of further expansion of Shanta Gold's resource base, further
drilling is planned at Mgusu once the Katario drilling programme is completed,"
Bennet said.



Note to editors:



Shanta Gold 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) and approximately 185,000 oz Inferred at Ikungu in
what the Board of Shanta Gold consider to be some of the most highly prospective
areas of Tanzania.



Ends



For further information:
Shanta Gold
George Bennett:
Tel: [phone]

Conduit PR
Amanda Harris
Tel: [phone]
Mobile: [phone]




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