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Change of Nominated Adviser and Broker

18 April 2007

The Board of Shanta Gold Limited (SHG.L), the Tanzania gold exploration and development company, is pleased to announce that it has appointed Panmure Gordon (UK) Limited as its Nominated Adviser and Broker with immediate effect. Panmure Gordon, through its Appointed Representative GMP Securities Europe LLP, has been appointed because of its strength in the natural resources sector which the Company believes will be beneficial as its business develops.

For further information contact:

Richard Shead
Shanta Gold Limited
Tel +27 11 728 8822

James Hannon
GMP Securities Europe LLP, an Appointed Representative of Panmure Gordon (UK) Limited
Tel +44 (0) 20 7459 3606

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