SHG.L Regulatory News (SHG)

30th May 2014

Shanta Gold Limited

("Shanta Gold" or the "Company")

Result of Annual General Meeting

Shanta Gold announces that at the Company's Annual General Meeting ("AGM"), which took place at 10.00am this morning at Suite A, St Peter Port House, Sausmarez Street, St Peter Port, Guernsey, all resolutions put to shareholders were duly passed.

As announced on 28 April 2014, following the AGM, Non-Executive Directors, Paul Heber and Nick Davis will be stepping down as directors and leaving the Company. Jonathan Leslie, strategic advisor to the Board, is also stepping down. The Chairman of the AGM expressed the Board's gratitude to Mr Heber, Mr Davis and Mr Leslie for their contributions over many years of service to the Company and wished them all the best for their future careers.

Enquiries:

Shanta Gold Limited

Tel: +255 (0) 22 2601 829

Mike Houston / Patrick Maseva-Shayawabaya

Nominated Adviser and Joint Broker

Peel Hunt LLP

Tel: + 44 (0)20 7418 8900

Matthew Armitt / Ross Allister

Joint Broker

GMP Securities Europe LLP

Tel: + 44 (0)20 7647 2800

Richard Greenfield / Alexandra Carse

Financial Public Relations

FTI Consulting

Oliver Winters/Sara Powell

Tel: +44 20 3727 1000

About Shanta Gold Limited

Shanta Gold is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012 and produced 64,000 ounces in 2013. The Company is admitted to trading on AIM and has approximately 464 million shares in issue. For further information visit the Company's website: www.shantagold.com.