Shanta Gold provided an exploration update at the New Luika Gold Mine in South Western Tanzania, the West Kenya Project in Kenya, and the Singida Gold Project in Central Tanzania. This update relates to 5,750 meters of drilling conducted in January and February 2021. Luika and Porcupine South Drilling Campaigns: Luika is located 1.8 km to the northwest of the NLGM processing plant. The orebody strikes approximately NNE - SSW and dips 50° to NW. The Luika and Bauhinia Creek ("BC") deposits are located within a 0.6 km wide shear zone, which has been interpreted from airborne magnetic data. These have been interpreted to be part of the same vein which has been offset by a 'Thrust Fault', with the plane of thrust modelled to dip at 40° towards 240° with a 650 m dextral displacement. Gold mineralization at Luika is closely associated with quartz veining and low sulphide mineralization (predominantly disseminated pyrite 1-3%). The mineralized zones are presented by moderately to sub-vertical dipping quartz veins hosted by granodioritic rocks. The deposit depicts relatively higher-grade westerly plunging shoots which have potential to host significant economic mineralization and will be the target of forthcoming phases of exploration drilling. The structure drilled and modelled so far at Luika covers a strike extent of approximately 0.3 km. The ongoing drilling campaign at Luika is targeting the westerly plunging shoot between levels 740mRL and 525mRL, which had not been previously drill tested. The ongoing drilling program at Luika has been designed with drilling centre spacing of 40 - 50 m, up to the level 525mRL, which is the equivalent of the spacing applied for the indicated resource category for Luika orebody. Porcupine South is located about 22 km to the east of the NLGM processing plant. The Northern Trend of Porcupine South strikes northwest - southeast. Gold mineralization is associated with quartz veins hosted by a shear zone at the granite - granodiorite contact and steeply dips to the northeast. Higher gold mineralization grades in the Northern Trend appear to be closely associated with quartz veining, strong silica and albite alteration and pyrite stringers and massive bands. The Northern Trend drilled and modelled so far covers a strike extent of approximately 0.5 km. The drilling program that was completed in Fourth Quarter 2020 was designed to test the mineralized structure to level 1120mRL (120m vertical depth). Drilling on the target will resume in Second Quarter 2021 and will test the westerly strike continuity and potential high-grade plunging shoots of the mineralized structures. Six diamond core holes have been drilled so far during the ongoing Luika drilling program, which commenced in January 2021, for a total of 2,593 m. These holes were collared on surface (approximately 1,000mRL), inclined at between minus 43° and 85° with depths ranging from 323 m to a maximum of 498 m down the hole. At Luika the reported results are over a strike length of 100 m. It is estimated that the true widths of the mineralized zones are about 85% - 95% of the intersected widths in the drillholes. At Porcupine South, assay results for five drill holes (two RC holes, two DD tails to RC pre-collars, and one DD hole) which were part of the Fourth Quarter 2020 drilling campaign were received in January 2021. Isulu and Bushiangala Drilling Campaign: The West Kenya Project spans 1,162 km, representing the majority of the highly prospective and underexplored greenstone Archaean Busia-Kakamega Gold Belt in western Kenya. This is the northernmost greenstone belt in the prolific Lake Victoria Goldfield, which hosts world-class gold deposits such as those at North Mara and Geita gold mines. The size of the belt is analogous to well-known prolific greenstone belts in Canada and Australia (including Val-d-Or district Abitibi, Canada and Kalgoorlie district WA, Australia). Several gold prospects exist across the project area at various stages of exploration. At present, drilling is focused on the Islulu and Bushiangala deposits, with the aim of upgrading ounces from the project's NI43-101 compliant Inferred Mineral Resource Estimate into the Indicated Resource category. The gold mineralization is hosted by sheared pillowed to massive basalts, bounded between ultramafic volcanics and polymictic conglomerates on one side and carbonaceous mudstones and sandstones on the other side. The deposits occur within the Liranda Corridor area, a 12 km structural trend located on the eastern limb of a broad synclinal structure intruded in the centre by granitoids and dioritoids, termed the Kakamega Dome. The north-western limb of the Dome hosts the highly perspective and underexplored Rosterman target (located 8 km from the Isulu and Busiangala deposits), which was the largest colonial gold mine in Kenya, producing approximately 260 Koz @ 12.3 g/t Au in the pre-independence period. Mineralization is associated with quartz, quartz-carbonate veinlets within the mineralized shear zones ranging from 0.5 m to 10 m in true width. Sulphide mineralization is present in the form of pyrite, pyrrhotite, sphalerite, arsenopyrite, and molybdenite. The mineralization style is classified as orogenic, shear-zone-hosted quartz-carbonate vein subtype. The strike lengths of the steeply-dipping zones vary between 350 m and 650 m. Phase 1 of the ongoing diamond drilling campaign at the project commenced in late December 2020 and is designed to infill two modelled zones at Isulu (IZ1.0 and IZ3.0) and three modelled zones at Bushiangala zones (BZ1, BZ2 and BZ3). This is being carried out with spacing of 40 m at Isulu and 30 m at Bushiangala, up to a depth of 150-200 m from surface, and is targeting both oxides and sulphides within these zones. Assay results have been received for the first seven diamond drill holes, which is covering only a limited portion of the tested mineralized zones (a strike length of 75 m for Isulu and 35 m for Bushiangala). It is estimated that the true widths of the mineralized zones are approximately 60 to 70% of the widths intersected in the drill holes. Cornpatch West Drilling Campaign: Cornpatch West is located about 6.3 km to the northwest of the planned site for the Singida Gold Mine processing plant, and is within one of the three existing Mining Licences. It is one of seven shear zone related gold deposits contributing to the mineral resource at Singida. Cornpatch West is the westernmost of these deposits, with gold mineralization localized along a moderate to steep dipping, southeast - northwest striking brittle-ductile structure within basaltic and meta-sedimentary host rocks. Gold mineralization at Corpatch West is closely associated with quartz veining, silicification, and significant percentages (3 - 15%) of pyrite, pyrrhotite, arsenopyrite, and chalcopyrite alteration. Sulphides occur as disseminations, blebs, and stringers filling fractures in quartz veins.