Issue of Equity

Shanta Gold Limited
15 June 2007


SHANTA GOLD LIMITED

("Shanta Gold" or the "Company")

Shanta confirms that on 6 June 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: Liechtensteinische Landesbank Aktiengesellschaft

No. Of shares: 2,200,000

Price: 30p

Subscription Value: £660,000

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 21 June 2007.

The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 99,014,021 ordinary shares.

For further information contact:

Walter Vorwerk, Shanta Gold Ltd Tel: [phone]




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