·      Drill core (half) sampled and assayed at 1m with max. 1.5m and min. 0.5m intervals based on visually observed geology and mineralisation.

·      Reverse circulation (RC) samples of 1 m drill length taken at cyclone and riffle split to achieve a representative sub-sample of approximately 2-3kg analysis.

·      Core and RC samples are processed using industry standard practices of drying, crushing, splitting and

Pulverization, then 50g fire assayed with                 AAS finish for gold at the SGS Mwanza (Tanzania) and SGS Johannesburg (South Africa).

·      Diamond core drilling; All holes are collared using

HQ and lately triple tube is used to maximise core recovery in the weathered zone, drill hole diameter is usually

reduced to NQ when the hole enters fresh rock. NQ core routinely oriented by Reflex core orientation tools.

·      Reverse circulation (RC) using a 5.5 inch face sampling hammer

·      Core recovery is recorded as a measure of the drill run against the actual core in tray, and stored in an acQuire

software database. Triple tube is used to maximise core recovery in the weathered zone. The average core recovery equates to approximately 97%.

·      RC drill chip samples of 1m were weighted and weight recorded to determine weight was within a satisfactory range.

·      The geologist logs the diamond drill core for lithology, alteration, structure, mineralisation and geotechnical parameters. All core is logged and photographed after marking up metre intervals and prior to cutting and sampling. Logging data are entered into the acQuire database via a Panasonic Toughbook laptop computer on site.

·      RC drill chips were logged for lithology, alteration and mineralization type and a small sample kept from each metre in plastic chip trays as a logging record.

·      All of diamond drill and RC holes are geologically logged in entirety.

·      Core samples are half core and sawn. Split line in consistent orientation with respect to orientation marks.

·      Dry RC samples are riffled and sub-sampled, while wet are tube sampled.

·      Sample preparation (drying, crushing, splitting and pulverising) is carried out by SGS Mwanza and SGS Jo'burg using industry standard protocols:

o  Kiln dried at 95 deg C.

o  Entire sample crushed to sub 2mm to minimize bias.

o  Riffle split 800g to 1kg sub-sample.

o  Sub-sample pulverised to 90% passing 75um, monitored by sieving.

o  Aliquot selection from pulp packet.

·      Aggregated half core; Entire 2-3kg sample pulverized at laboratory prior to fire assay in order to minimize bias.

·      Drilling planned orthogonal to the strike of structures / lithologies in order to maximize representativity.

·      Quality Control (QC) samples are inserted at a rate of 1 in 20. All standards used are Certified Reference Materials (CRM). The insertion of QC (CRM, blanks and duplicates) is under the control of the geologist after logging.

·      The sampling protocols are adequate to ensure representativity of orogenic, shear-zone-hosted quartz-carbonate vein subtype mineralisation.

·      All diamond core and RC samples are assayed for gold by 50g Fire Assay with AAS finish.

·      Core and chip samples were shipped for preparation and analysis at SGS Mwanza and SGS Johannesburg SA (between April and Oct 2017). The documentation regarding sample analyses is well documented.

·      Given the occurrence of coarse gold, Screen Fire Assays (SFA) or  Gravimetric checks are routinely undertaken.

·      The QA/QC with CRMs, blanks, quartz flush checks and grind checks routinely monitored. The coarse duplicates from crush residue, and pulp duplicates from pulp residues were regularly monitored to test the quality of sub sampling stages. Blank and CRM results are reviewed on receiving assays and any failure triggers investigations. Regular communication was had with analytical Laboratories.

·      Umpire analyses were undertaken at ALS  Johannesburg Laboratories for approximately 10% of samples selected from the total. Results show a reasonable  correlation with the original samples.

·      The QAQC procedures and results show acceptable levels of accuracy and precision, hence the sample data was used for the Mineral Resource Estimate.

·      There are strong visual indicators at West Kenya Project for high grade mineralisation observed in drill core and significant intersections are visually validated against drill core, check calculated by alternative company personnel.

·      To date no holes have been twinned.

·      All assay data is stored in the acQuire database in an as received basis with no adjustment made to the returned data.

·              Drill collars have been surveyed in by differential GPS (Leica GNSS receivers) by a registered survey contractor except for holes after LCD0323 that are recent or in progress holes that are estimates by handheld GPS only.

·             Down hole surveys are recorded at 12m intervals by using a Reflex digital downhole survey camera tool, holes drilled between 2016 and 2017 were gyroscope surveyed. 

·              Drillholes surveyed in UTM Coordinates System Arc 1960.

·      Surface topography in the West Kenya Project is based on a combination of DGPS surveyed ground pick-ups and DEM data from air surveys. DEM data is levelled by ground surveyed points.

·      Drillhole spacing was generally at 20-30m at Bushiangala and 30 to 50m at Isulu deposits.

·      The data spacing is sufficient to establish the degree of geological and grade continuity appropriate for Indicated Mineral Resource classification.

·      All samples were composited to 1m length, with a minimum allowable length of 0.5m.

·      Drill holes are designed to intersect known mineralised features in a nominally perpendicular orientation as much as is practicable given the availability of drilling platforms. All drill core is oriented to assist with interpretation of mineralisation and structure.

·      There does not appear to be any bias between drilling orientation and assay results.

·      Samples are transported from drill site to the core shed by company personnel. On completion of cutting the core, the samples are dispatched by hired truck to the SGS Laboratory in Mwanza, Tanzania or by courier to SGS in South Africa Sample dispatches are reconciled against Laboratory samples received and discrepancies reconciled by geology staff.

·      The Western Kenya Project area is located in the County of Kakamega in western Kenya. The Isulu and Bushiangala prospects lie within the Liranda Corridor approximately 48 km north northwest of Kisumu City (Kenya's third largest City) and 30 km southwest of Kakamega town.

·      Isulu and Bushiangala deposits are situated within PL/2019/0225, granted 1^st Aug 2019 and covering 314.57 sq km. is wholly owned by Shanta Gold Kenya Ltd.

·      There are no material issues affecting the tenements.

·      Gold prospecting and small-scale mining commenced in the area by 1920s, as part of the Kakamega Gold Rush. The focus was on eluvial and alluvial gold and narrow high-grade veins. Most of this activity ceased in the 1950s. Between 1982-2000, the Bureau de Recherches Géologiques et Minières (BRGM) carried out gold and base metals exploration.

In 2003, AfriOre Ltd took up exploration licences, which included the Liranda Corridor. Their exploration focused on investigating known gold occurrences rather than following a grassroots approach.

In 2007 Lonmin Plc took over AfriOre Ltd, but exploration work was restricted to regional soil surveys in areas outside the Liranda Corridor area. Aviva Mining Ltd (Aviva) entered into a Joint Venture agreement with AfriOre in 2010. Aviva collected and collated all existing data into a single data set. They acquired regional airborne magnetics and radiometrics and combined them with existing BRGM data to create a seamless geophysical dataset. Regional mapping and prospect scale mapping was done and used together with historical data to reinterpret the geology. Extension and infill of existing soil grids was completed followed up by shallow diamond and RC drilling.

In late 2012 African Barrick Gold (now Acacia Mining Ltd) purchased Aviva Mining Ltd and commenced exploration activities and declared a maiden resource at Isulu and Bushiangala in 2017.

Shanta Gold took over the project in August 2020.

The Liranda Corridor is located on the eastern most margin of the Busia-Kakamega Belt. Here rocks form a broad synclinal structure intruded in the centre by granitoids and dioritoids, informally termed the Kakamega Dome. The Liranda Corridor is situated on the eastern limb of this synclinal structure within a 12 km structural zone known informally as the Liranda Corridor. Lithologies of the Isulu and Bushiangala prospects include sediments, iron-rich basalts, ultramafic volcanic rocks, gabbros, dolerites and small felsic intrusions. The mafic volcanic unit also includes thin layers of sulphidic carbonaceous interflow mudstone.

The Isulu and Bushiangala prospects mineralisation are classified as orogenic, shear-zone-hosted quartz-carbonate vein subtype. Mineralisation of this sub-type consists of quartz-carbonate veins and veinlet arrays associated with Mg-Fe carbonate alteration and sulphidation, which are developed within shear zones and their splays, within competent rock units. Mineralisation is concentrated in zones of enhanced fluid flow, such as jogs or changes in strike along the larger-scale fault zones.

·      The assay high grades used for this estimate were cut to 80 g/t for the mineralised veins and 3 g/t for the background mineralization at Isulu and  55 g/t for the mineralised veins and 2.5 g/t for the background mineralization at Isulu

·      Cut-off grades were applied after compositing of the raw assay data into 1m lengths.

·      Blank intervals contained within the mineralisation were treated as zero. Due to selective sampling of the core, blank intervals lying outside of the veins had a grade of 0.001 g/t Au applied to them.

·      The holes drilled varied between -44 and -80 degrees from surface, with the mineralisation being sub-vertical. It is estimated that the true widths of the mineralized zones are approximately 60-70% of the widths intersected in the drill holes.

·      No exploration results are reported in this release.

·      No exploration results are reported in this release.

·      No exploration results are reported in this release.

·      Data are stored in an SQL acQuire database. Assay and geological data are electronically loaded into acQuire and a validation process run. Regular reviews of data quality are conducted by site and management teams prior to resource estimation.

·      Site visits to the West Kenya Project were undertaken by the independent consultant Catherine Pitman of Adiuvare GE (Competent Person for the Mineral Resource estimate) in 2016, 2018 and 2019.

·      The level of confidence in the interpretations of the mineralised zones is reflected by the Mineral Resource classification.

·      Geological data from core and RC drilling provides the information for the deposits. The main mineralisation

zones were defined by the presence of gold values at cut-off of 0.5 g/t Au, as well as the presence of other indicators such as shear intensity, brecciation, sulphide content and alteration. The interpretations were completed along sections typically at spacings of 20m at Bushiangala

and 40m at Isulu. The interpretations were triangulated to form 3D solids (mineralised zones) using Leapfrog software.

·      There are no alternative detailed interpretations of geology

using the current data.

·      The geology has guided the resource estimation, particularly the lithological and structural control.

·      Grade and geological continuity have been established by the existing 3D data. The continuity is well understood at Isulu, especially in relation to structural effects, while at Bushiangala, part of the deposit requires more data to be better understood.

·      The main zones of mineralisation at Isulu extend up to 240m along strike. The resource estimate (Phase 1) generally includes mineralisation down to 250m depth.

·      At Bushiangala the mineralisation extends over 270m along strike in the NNW-SSE trend and 150m along strike in the E-W trend. The resource estimate extends to a maximum depth of 250m.

·      Both deposits remain open along strike and at depth.

Grade estimation for each of the two prospects carried out using Micromine software to generate a block model; with the individual zones separated out for grade interpolation within each area. For each prospect, the following process was followed.

·      All the individual mineralisation zone wireframe solids were verified using Micromine® software

·      Drill data was de-surveyed and assessed for overlaps and outlier values

·      Individual assay samples were selected from within each zone

·      The selected samples were composited to 1m intervals

·      Statistical analysis was carried out to define capping levels

·      Gold values were adjusted for true absent or zero values

·      The block model used dimensions of:

o  X = 10 m

o  Y = 10 m

o  Z = 10 m

·      Each individual zone was filled with blocks using sub-cells down to 0.5 m in the east and north directions and 1 m in the vertical direction

·      Block grades and density values were estimated into each parent block within individual zones

·      Blocks falling within the modelled intrusives at Isulu had their grades set to zero

·      A default specific gravity using the mean value of 2.75 for Isulu and Bushiangala was used for fresh rock blocks that may not have been estimated.

·      At Bushiangala a default specific gravity value of 1.9 was applied to oxide rock due to a lack of SG data, with the same applied as a default for Isulu

All samples were composited to 1m length, with a minimum allowable length of 0.5m. Capping of the composites was carried out by zone for both Isulu and Bushiangala. The capping levels were assigned using log probability plots for the grade. The Table  below shows the value applied to each zone.

Estimation at Isulu and Bushiangala was carried out using Inverse Distance to the power of 2.

For Isulu the search ellipses were orientated with the primary axis along an azimuth of 060 with a plunge of 700 from horizontal for the mineralisation. The search ellipse radii were X=100 m; Y=40 m and Z=80 m. The search range factors were 0.5 for the first pass; 1 for the second pass and 2 for the third pass. Each vein was estimated independently.

For Bushiangala the primary search axis was orientated along an azimuth of 090, with a plunge of 700 from horizontal for the mineralisation. The search ellipse radii were X=100 m; Y=20 m and Z=75 m. The search range factors were 0.5 for the first pass; 1 for the second pass and 2 for the third pass. Each vein was estimated independently..

Resource classification was assigned according to the continuity of the mineralization, known geological controls and drill spacing.

In order to categorise the blocks into Indicated, Inferred and unclassified the following steps were completed:

·      All blocks outside of the modelled wireframes for both deposits were coded as unclassified;

·      Blocks that were estimated with an average distance of less than 40 m to the samples were coded as Indicated;

·      The models were visually inspected and both outlier and inlier values were adjusted so that the Indicated blocks were large continuous areas;

·      All the veins were statistically analysed for the percentage by tonnes that were classified and any vein which contained greater than 80% of one category was immediately classified as completely that category.

Each zone was divided into Oxide and Fresh rock using the Top of Fresh Rock surface..

·      Tonnages are reported on a dry basis.

·      The Mineral Resource reported cut-off grades of 1 g/t Au for the oxidised rock and 3 g/t Au for the fresh rock to reflect current commodity prices geometry of mineralised zones and comparison with the analogous operations.

·      Additional cut-off values have been included in order to assess the sensitivity of output ounces to change in the cut-off value.

·      Based on the currently identified mineralization, probable extraction is by various underground mining.

·      Mining factors such as dilution and ore loss have not been applied.

·      No metallurgical assumptions have been built into the resource models.

·      The Isulu and Bushiangala deposits are at an early stage of evaluation and environmental studies have not yet been undertaken.

·      Specific gravity sampling has continued through the life of the project, the measurements are carried out in accordance with site standard procedures for Specific Gravity. Intervals for bulk density determination are selected according to lithology/ alteration/mineralization type to best represent certain intervals as defined by the geologist. The measurements are performed on site by geologists or geological assistants as part of the logging process. Measurements are generally after every 20 metres or a change in lithology within the 20 metres and 1-metres interval for mineralized zones.

·      Classification for the Isulu and Bushiangala Mineral Resources is based upon the continuity of geology, mineralisation and grade, using drillhole data spacing and quality and estimation statistics.

·      The Mineral Resources are classified as Indicated and Inferred.

·      The classification considers all available data and quality of the estimate and reflects the Competent Person's view of the deposit.

·      The resource estimate (Inferred Category) has been reviewed by the Shanta staff Tanzanian Operations.