Holding(s) in Company

9 October 2008


                         SHANTA GOLD LIMITED
                   Disclosure of Major Shareholder



Shanta Gold  Limited ("the  Company") announces  that, on  7  October
2008, Generali Ambition confirmed to  the Company that following  the
purchase of  5,000,000  ordinary  shares,  they  now  hold  6,477,270
ordinary shares of 0.01p in the  share capital of the Company,  which
amounts to 6.43% of the Company's total issued share capital.


For further information contact:

Edward Farmer, Panmure Gordon & Co Tel: [phone]

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]

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