Board Appointment

13 Oct 2006 11:19

Shanta Gold Limited13 October 2006 13 October 2006 Shanta Gold Limited ("Shanta" or the "Company") NEW BOARD APPOINTMENT AT SHANTA GOLD Shanta is pleased to announce the appointment to the company's board of RichardKojo Jonah, as a non-executive director, effective from 16 September 2006. Richard Jonah is one of the founder members of Jonah Capital, a private equitycompany established in 2003 which holds significant investments in the financialservices industry in Africa. More recently Jonah Capital has been takingadvantage of investment opportunities in African mining ventures - a sectorassociated with the Jonah family for more than 30 years. Richard Kojo Jonah, aged 30, is a Ghanian by birth and an economics graduatefrom Haverford College in the United States. He has gained valuable experiencein the investment banking divisions of Goldman Sachs in New York, and at NMRothschild in London, at which time he traveled extensively in Africa. Shanta CEO Richard Shead commented today: "Richard's international experience incorporate finance and investment banking, combined with the Jonah family'sassociation with mining ventures in highly prospective regions such as Tanzaniaprovide a rare combination of local knowledge and global experience, whichshould contribute to the further success of AIM-listed Shanta's fast-trackedexploration programme in Tanzania." In addition to his board position at Jonah Capital, Richard Jonah is also adirector or partner of the following companies or partnerships: • Freedom International Technologies; • Scharrig Mining Limited; • Metropolitan Insurance Company; and • General Leasing Ghana Limited. Other than Richard Jonah's current directorships disclosed above he has not,within the last five years, been a director or partner of any other companies orpartnerships. There is no further information to be disclosed pursuant to schedule 2,paragraph (g) of the AIM Rules. For further information please contact: Shanta GoldRichard Shead:Mobile: +27 (0) 82 654 1821 WH Ireland LimitedDavid YoungmanTelephone: +44 (0) 161 832 2174 Distributed by:Russell & AssociatesJohannesburgMarion Brower/Charmane RussellTel: +27 11 880 3924 This information is provided by RNS The company news service from the London Stock Exchange