Shanta Gold Limited (AIM:SHG) Statement regarding possible offers

Further to its announcements of 18 October 2022, in which the Board of Shanta Gold Limited (“Shanta”) confirmed that it has received approaches from Shandong Gold Group Co., Ltd (“Shandong”), Yintai Gold Co., Ltd (“Yintai”) and Chaarat Gold Holdings Ltd (“Chaarat”) which may or may not result in an offer for the Company.

Shanta further confirms that based on further discussions, any offer from Yintai is also likely to be solely in cash.

This announcement has not been made with the consent of Shandong, Yintai or Chaarat.

The person responsible for arranging this announcement on behalf of Shanta Gold Limited is Eric Zurrin, Chief Executive Officer.

For further information, please contact:

Shanta Gold Limited

+44 (0) 14 8173 2153

Eric Zurrin (CEO)

Luke Leslie (CFO)

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