SHG.L Regulatory News (SHG)

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Luke Leslie

2.

Reason for the notification

a.

Position/status

Chief Financial Officer

b.

Initial notification

/Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Shanta Gold Limited

b.

LEI

2138004VR5BVV1VD7P81

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the

Financial instrument, type of instrument

Identification code

Ordinary shares of 0.01 pence each

GB00BOC6R828

b.

Nature of the transaction

Purchase of shares

c.

Price(s) and volume(s)

Price(s)

£0.041

Volume(s)

260,000

d.

Aggregated information

· Aggregated volume

· Price

260,000

£10,660.00

e.

Date of the transaction

23 October 2018

f.

Place of the transaction

London Stock Exchange

Shanta Gold Limited

Eric Zurrin (CEO)

+255 (0) 22 292 5148

Luke Leslie (CFO)

Nominated Adviser and Broker

Numis Securities Limited

Paul Gillam / John Prior / James Black

+ 44 (0)20 7260 0000

Financial Public Relations

Tavistock

Charles Vivian / Barnaby Hayward / Gareth Tredway

+44 (0)20 7920 3150