Shanta Gold Limited updated on the construction progress at the Singida Gold Project ("Singida") in Central Tanzania. Singida Project Update Highlights: Project construction remains on track for first production in early 2023, adding a second revenue stream across the portfolio and further strengthening diversified portfolio of assets in East Africa; Strong results from grade control drilling programme further increase confidence in the strength of the production profile at Singida; Grade Control drilling completed at Gold Tree deposit; A total of 1,515 meters ("m") of grade control drilling complete phase one drilling program including; Hole SGTGC3: 11m @ 6.64 Au g/t from 10m; Hole SGTGC7: 10m @ 6.8 Au g/t from 16m; Hole SGTGC12: 14m @ 8.68 Au g/t from 16m; Including 1m @ 20.60 g/t from 24m and 1m @ 47.60 g/t from 26m; Hole SGTGC20: 8m @ 24.89 Au g/t from 22m;? Including 1m @ 10.12 g/t from 24m and 1m @ 182.90 g/t;? Updated reserves at Gold Tree deposit expected in First Quarter 2022;? Crushing Circuit design and manufacturing completed with Metso Group, shipment started in September with expected site delivery in November and December 2021; Grinding & Gravity Circuit mill manufacturing ongoing with NCP in South Africa; Mill site civil works to start December 2021; Mill site installation planned May 2022; Mining: Open pit mining operations commenced at Gold Tree pit on 15th September 2021; Had the first successful Gold Tree open pit blast on 15th October 2021; Stockpiling of ore is underway; Tailings Storage Facility Dam Design is completed, all permits received, and approval has been granted by the regulators to commence construction; and Key infrastructure including bulk power, water, buildings, fencing are progressing on track.