Investor Lock-in Agreements

SHANTA GOLD LIMITED

                          INVESTOR LOCK-IN AGREEMENTS

                                  26 JULY 2010

The Board of Shanta Gold Limited ("Shanta Gold" or the "Company") announces that
all of the investors who financed the feasibility study of the Chunya project
(the "Investors"), as described in the announcement made by the Company on 6
July 2010, have entered into lock-in agreements with the Company.

Under the terms of the lock-in agreements, the Investors have undertaken not to
dispose of any of the ordinary shares of 0.01p each ("Ordinary Shares") in the
Company beneficially held by them for a period of 12 months commencing 9 July
2010 (the "First Restricted Period"). Furthermore, the Investors have agreed,
for a further period of 12 months commencing 9 July 2011, to only dispose of
their interests in any Ordinary Shares through the Company's appointed broker
and only with the consent of the Company's broker and nominated adviser.

In addition, the Investors have agreed that any interests in Ordinary Shares
acquired by them pursuant to the exercise of an option or warrant over Ordinary
Shares in the Company during the First Restricted Period shall also be deemed to
be locked-in until the end of the First Restricted Period.

The terms of the lock-in agreements apply to a total of 11,540,033 Ordinary
Shares which is approximately 9.06% of the current issued share capital of the
Company.

Contact details:

Shanta Gold Limited
Shanta Gold Limited 

http://www.shantagold.com

Walton Imrie
Mobile: [phone]

David Scott
Mobile: + 255 (0) 784 366146

Walter Vorwerk
Mobile: +27 (0)83 308 0080

Fairfax I.S. PLC
Ewan Leggat/Laura Littley
[phone]


[HUG#1433984]








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Source: Shanta Gold Limited via Thomson Reuters ONE