Tanzanian Royalty Chairman, Joseph K. Kahama, Chosen to Lead Prestigious Industry Association

The Company is pleased to announce that its Chairman and COO (Tanzania),
Joseph K. Kahama, has been elected to Chair the Tanzania Chamber of
Minerals & Energy whose mandate is to represent the interests of private
participants in the Tanzanian minerals sector.

With close to 60 members, the Chamber includes a broad spectrum of
players in the Tanzanian mining industry including some of the largest
international mining companies in the world. As the official voice for
the industry, the Chamber plays a pivotal role within the sector as a
mediator between the mining investment community and key stakeholders,
most notably the Government of Tanzania and the public. All mining
majors operating in Tanzania are members of the Chamber and
international oil companies developing the nation′s offshore gas and oil
resources are expected to expand the organization in the coming years.

According to James E. Sinclair, President and CEO of Tanzanian Royalty,
'The appointment reflects the high regard in which Joseph is held in his
native Tanzania and continues a family legacy of public service that
began with his father, Sir George Kahama, who served his government in
various capacities including Ambassador to China.?

'We are justifiably proud to have a senior executive with our Company
hold such a position and recognize that Joseph′s ability to engage with
government, industry and other stakeholders will be beneficial to
everyone concerned. Joseph has been a driving force behind our corporate
philosophy of constructive engagement with the government and the people
of Tanzania. And there is no better example of this than our partnership
with the State Mining Corporation of Tanzania (Stamico) to explore and
develop the 2.1 million ounce Buckreef Gold Project which is scheduled
for commercial production in 2014.?

Respectfully Submitted,

James E. Sinclair

President and
Chief Executive Officer

For further information, please contact Investor Relations at
1-800-811-3855

Visit our website: www.TanzanianRoyalty.com

The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and
do not accept responsibility

for the adequacy or accuracy of this
release

Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission limits disclosure for U.S. reporting purposes to
mineral deposits that a company can economically and legally extract or
produce. We use certain terms on this news release, such as 'reserves?,
'resources?, 'geologic resources?, 'proven?, 'probable?, 'measured',
'indicated', or 'inferred' which may not be consistent with the reserve
definitions established by the SEC.U.S. Investors are urged to
consider closely the disclosure in our SEC filings.You can
review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml

This news release contains certain forward-looking statements and
forward-looking information. All statements, other than statements of
historical fact, included herein are forward-looking statements and
forward-looking information that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time-to-time with the British Columbia, Alberta and Ontario provincial
securities regulatory authorities.

Certain information presented in this release may constitute
'forward-looking statements? within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on numerous assumptions, and involve known and
unknown risks, uncertainties and other factors, including risks inherent
in mineral exploration and development, which may cause the actual
results, performance, or achievements of the Company to be materially
different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements.
Investors are referred to our description of the risk factors affecting
the Company, as contained in our SEC filings, including our annual
report on Form 20-F and Registration Statement on Form F-10, as amended,
for more information concerning these risks, uncertainties, and other
factors.

Tanzanian Royalty Exploration

David Duval, 1-800-811-3855

Investor
Relations

Email: investors@TanzanianRoyalty.com

Website:
www.TanzanianRoyaltyExploration.com

or

Connecticut
Office

Tel: 860-364-1830

Fax: 860-364-0673

or

South
Surrey Office

Toll Free: 1-800-811-3855

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