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Regulatory Announcement - Exercise of Warrants

10 October 06

Shanta announces that on 10 August 2006, the directors of the Company approved the issue of 37,039 ordinary shares of 0.01p in the share capital of the Company (the “New Ordinary Shares”) to John Stockley, pursuant to the terms of his service contract with the Company.

Application will be made for the New Ordinary Sharers to be admitted to AIM and dealings in the New Ordinary Shares is expected to commence on 16 October 2006.

The total number of issued ordinary shares in the Company, including the New Ordinary Shares, is now 96,706,711.

For further information:

David Youngman, W.H. Ireland Ltd.
Tel: +44 (0) 161 832 6644

Walter Vorwerk, Shanta Gold Ltd
Tel: +27 (0) 83 308 0080

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