Exercise of Warrants

Shanta Gold Limited
02 March 2007





                              SHANTA GOLD LIMITED

                        ("Shanta Gold" or the "Company")



Shanta confirms that on 26 February 2007 the directors of the Company approved
an allotment of shares following the exercise of warrants over ordinary shares
of 0.01p in the share capital of the Company (the "Warrants") as set out below:


    Registered Holder            Number of       Subscription       No. Of shares     Subscription Value
                                 Warrants            Price
Samos Securities Limited               4,110        30p                      4,110             £1,233.00



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 8 March 2007.



The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 96,792,021 ordinary shares.



For further information contact:



David Youngman, W.H. Ireland Ltd.                   Tel:  [phone]

Walter Vorwerk, Shanta Gold Ltd                     Tel:  +27 (0)  83 308 0080


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