Exercise of Warrants

Exercise of Warrants

Shanta ("Shanta Gold"  or the  "Company") confirms that  on 2  August
2007 the directors  of the  Company approved an  allotment of  shares
following the notification of  exercise of warrants  on 11 July  2007
over ordinary shares  of 0.01p in  the share capital  of the  Company
(the "Warrants") as set out below:

Registered Holder: Pershing Keen Nominees Limited a/c HHCLT

No. Of shares: 1,125,000

Price: 30p

Subscription Value: £337,500.

Application will be made for the ordinary shares created pursuant  to
the exercise  of  the Warrants  (the  "New Ordinary  Shares")  to  be
admitted to AIM and dealings in  the New Ordinary Shares is  expected
to commence on 10 August 2007.

The total number of issued  ordinary shares in the Company  following
today's announcements,  including the  New  Ordinary Shares,  is  now
100,316,576 ordinary shares.

For further information contact:

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]

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