Result of AGM

1st June 2015

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 on May 29 at Suite A, St Peter Port House, Sausmarez Street, St Peter Port, Guernsey, all resolutions put to shareholders were duly passed.

As announced on 1 April 2015, following the AGM, Mike Houston stepped down from the Board as a non-executive director and will leave the company. The Chairman of the AGM expressed the Board's gratitude to Mr. Houston for his contributions to the Company and wished him all the best in his future endeavours.

Enquiries:

Shanta Gold Limited

Tel: +255 (0) 22 2601 829

Toby Bradbury / 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 mining 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 August 2012 and produced 84,000 ounces in 2014. 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.