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Company releases

Resignation

10 March 2008

The Board of Directors of Shanta Gold Limited announces that Mr Richard Shead, the Chief Executive Officer of the company has tendered his resignation with effect from 10 March 2008. The Board has accepted this resignation.

Further announcements regarding the executive leadership of the company will be made in due course.

Walton Imrie
Mobile: +27 (0) 82 444 2851

Walter Vorwerk
Mobile: +27 (0) 83 308 0080

GMP Securities Europe LLP
James Hannon
+44 (0) 20 7459 3606

Panmure Gordon (UK) Limited
Edward Farmer
+44 (0) 20 7614 8384

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