Exercise of Options and Issue of Equity

14 December 2011

Shanta Gold Limited

Exercise of Options and Issue of Equity

Shanta Gold Limited ("the Company") announces that on 14 December 2011 it issued 40,000 new ordinary shares of 0.01p each in the Company, following the exercise of options by certain employees of the Company. The options were exercised at a price of 6p per share.  

The new ordinary shares will rank pari passu with existing ordinary shares in the Company and application will be made for these new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 20 December 2011.
  
As a consequence of the exercise of share options as detailed above, the Company's issued share capital now comprises 269,861,200 ordinary shares of 0.01p each. There are no ordinary shares held in treasury. Therefore the total number of voting rights in Shanta Gold Limited is now 269,861,200. 

Contacts:

Shanta Gold Limited  
Walton Imrie   Tel: [phone]
Gareth Taylor   Tel: [phone]

Nominated Adviser and Broker  
Fairfax I.S. PLC
Tel: [phone]
Ewan Leggat / Laura Littley

Financial Relations
Tavistock Communications
Tel: [phone]
Emily Fenton/Ed Portman

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Source: Shanta Gold Limited via Thomson Reuters ONE

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