Statement re Share Price Movement

Shanta Gold Limited ("Shanta" or "the Company") Share Price Movement The Board of Shanta notes the recent depreciation of the Company's share price. The Company is not aware of any price sensitive information, which needs to be disclosed. There is therefore no particular reason to explain the share price depreciation of the Company's AIM securities. Walton Imie, Chairman, commented: "We are well capitalised and aim to spend approximately $8.04 million to progress exploration on our projects by the year end. After this expenditure the Company should have approximately $4.35 million in residual cash" For further information: Shanta Gold Limited Walter (Wally) Vorwerk Mobile: +27 (0) 83 308 0080 Panmure Gordon (UK) Limited Edward Farmer +44 (0) 20 7614 8384 ---END OF MESSAGE---