SHANTA GOLD LIMITED
Director's Dealing and Issue of Equity
Shanta Gold Limited ("the Company") announces that, on 28 May 2008,
the directors of the Company approved an allotment of ordinary shares
of 0.01p in the share capital of the Company, as set out below:
+-------------------------------------------------------------------+
| Registered | Increase in No. of | Total No. of | % of Issued |
| Holder | Ordinary Shares | Ordinary | Ordinary |
| | | Shares | Shares |
|-----------------+--------------------+--------------+-------------|
| Mr Walton Imrie | 81,333 | 6,117,946 | 6.09% |
+-------------------------------------------------------------------+
This allotment is in terms of the Mr Imrie's executive service
contract. The award is based on remuneration of $7500 at a strike
issue price of 0.085p for March and 0.0738p for April.
Following the issue Mr Imrie will hold 6,117,946 Ordinary Shares,
amounting to 6.09% of the Company's total issued share capital.
Application will be made for the new Ordinary Shares issued (the "New
Ordinary Shares") to be admitted to AIM and dealings in the New
Ordinary Shares is expected to commence on 6 June 2008.
The total number of issued ordinary shares in the Company, including
the New Ordinary Shares, is now 100,397,909 ordinary shares.
2 June 2008
For further information contact:
Walter Vorwerk, Shanta Gold Ltd Tel: +27 (0) 83 308 0080
---END OF MESSAGE---
