Shanta Gold Limited announced the following changes to the senior management team: Honest Mrema promoted to Chief Operating Officer ("COO") with immediate effect; Honest joined Shanta in 2015 and was promoted through various roles of seniority through to his latest role as Group Technical Director of the company. The above changes ensure continuity in delivering operational consistency at New Luika Gold Mine ("NLGM") and the ramping-up of Singida Gold Mine ("Singida") as well as ensuring the seamless continuity of the financial and commercial capabilities of the Company. For the avoidance of doubt, both Honest and Michal will join the Executive Management Committee but will not become members of the board at this time.

Honest Mrema joined Shanta in 2015 as the Chief Mining Engineer and later he was promoted to Technical Services Manager. In 2017 Honest was promoted to General Manager for New Luika Gold Mine and later promoted to Technical Director in 2020. Honest is a mining engineer with over 25 years' experience in open pit and underground operations.

Honest has held senior management and technical roles with Endeavour Mining (Mali), Resolute Mining (Mali), Pan Australian Resources (Laos - SE Asia), Barrick Gold (Tanzania), Placer Dome (Tanzania) and Anglo American (Tanzania). Honest has an honors BSc degree in Mining Engineering from University of Zambia, School of Mines, is a member of Tanzania Engineers Registration Board and Australian Institute of Mining and Metallurgy (AusIMM). Honest has been a member of the Group Executive Committee since 2017.