Shanta Gold : Blocklisting Six Monthly Return

20 July 2018

Shanta Gold Limited

("Shanta" or the "Company")

Blocklisting Six Monthly Return

Name of applicant:

Shanta Gold Limited

Name of scheme:

The Shanta Gold Limited Long Term Incentive Plan

Period of return:

From:

18 December 2017

To:

17 June 2018

Balance of unallotted securities under scheme(s) from previous return:

4,216,040 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares")

The amount by which the block scheme(s) has been increased, if the scheme has been increased since the date of the last return:

0 Ordinary Shares

Number of securities issued/allotted under scheme(s) during period:

0 Ordinary Shares

Balance under scheme(s) not yet issued/allotted at end of period

4,216,040 Ordinary Shares

Number and class of securities originally listed and the date of admission

5,000,000 Ordinary Shares on 18 December 2014 5,000,000 Ordinary Shares on 21 January 2016

Total number of securities in issue at the end of the period

Enquiries:

Shanta Gold Limited

Eric Zurrin (CEO)

Luke Leslie (CFO)

Nominated Adviser and Broker Numis Securities Limited

Paul Gillam / John Prior / James BlackThere were 778,048,161 Ordinary Shares in issue as at 17 June 2018. There are 778,889,782 Ordinary Shares in issue as at the date of this announcement.

+255 (0) 22 292 5148

+ 44 (0)20 7260 0000

Financial Public Relations Tavistock

Charles Vivian / Barnaby Hayward / Gareth Tredway

+44 (0)20 7920 3150

About Shanta Gold

Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licenses covering approximately 1,500km2 in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 79,585 ounces in 2017. The Company has been admitted to trading on London's AIM and has approximately 779 m shares in issue. For further information please visit:www.shantagold.com.

ENDS