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Investegate |Shanta Gold Limited Announcements | Shanta Gold Limited: Shanta Gold Announces New 5-Year Production Plan

Reserve and resource growth and mine life extension · Group-wide gold reserves as at 30 June 2021 of 666,000 ounces ( oz ) grading 2.99 g/t (JORC compliant); · Gold reserves at NLGM of 423,000 oz grading 2.99 g/t, up from 382,000 oz grading 2.98 g/t as at 31 December 2020 (net of mining depletion); · Group-wide gold resources of 3,215,000 oz grading 3.62 g/t (JORC compliant in Tanzania and NI43-101 in Kenya); o  New Luika (Tanzania): 1,129,000 oz grading 2.73 g/t; o  Singida (Tanzania): 904,000 oz grading 2.38 g/t; o  West Kenya Project (Kenya): 1,182,000 oz grading 12.6 g/t; and, · Reserve-based mine life extended to 2026 at NLGM and 2029 at Singida.   Transformational production increases from 2023 with significant upside potential

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