Tanzanian Royalty Announces Potential Tungsten (W) Occurrences In North- West Tanzania From Licence Held by North West Base Metals (NWBM), A Subsidiary of TRX

Tanzanian Royalty Exploration Corporation is pleased to announce that
assay results from 23 grab samples from trenches and rock outcrops in a
recent reconnaissance visit to licence held by North West Base Metals
(NWBM), a subsidiary of TRX, confirms the area to be potential for
base-metal mineralization of tin, tungsten, wolframite and lithium
minerals.

Sampling confirmed significant tungsten oxide ("WO₃′) values
? best results include:

• 
  J.3301: Weighted average 0.40% WO₃ from quartz vein lode
  
• 
  J.3308: Weighted average 0.24% WO₃ from mica granite
  
• 
  J.3309: Weighted average 0.11% WO₃ from quartz vein lode
  
• 
  J.3313: Weighted average 0.06% WO₃ from quartz vein in
  trench
  
• 
  J.3318: Weighted average 0.08% WO₃ from meta-sediments on
  granite contact
  
• 
  J.3322: Weighted average 0.06% WO₃ from quartz vein lode
  
• 
  J.3323: Weighted average 0.16% WO₃ from quartz vein lode
  

The mineralization is found in the Kyerwa Tin fields of Northwest
Tanzania in the Karagwe-Ankolean Precambrian Belt around mica rich
intrusive granites. The Kyerwa Tin fields are approximately 8 km wide
and 48 km long within the Karagwe-Ankolean, phyllite-sericite
schist-quartzite, metasediments belt.

The sedimentary features of Karagwe ? Ankolean rocks reflect
shallow-water deposition; low-grade metamorphism has converted many of
these units to sericite schists and quartzites. Mica rich granite
complexes intrude rocks of this system, and host tin and tungsten
mineralization in veins within alteration haloes which surround the
intrusive.

Cassiterite (tin oxide) veins are associated with the granites, but
occur mostly in the surrounding country rocks. The deposits are both
hydrothermal and pegmatitic; hydrothermal deposits contain most of the
tin, and pegmatitic deposits contain some columbite-tantalite (coltan)
and beryl.

Mr. Joseph K. Kahama, Chairman and Chief Operating Officer (Tanzania)
commented, 'We are excited to see the results with significant amounts
of tungsten (W) and other base metals from a few reconnaissance grab
samples collected from different areas on the licence, increasing our
confidence in the resource potential for the highly prized base metals
these licences in the Kyerwa area may possess.'

Sample Protocol and QA/QC

The samples chain of custody is managed by the Buckreef technical team
under the supervision of Anthony Minde. Base metal analysis reported in
this release was performed by the induced coupled plasma (ICP90A)
analytical method which is a technique for the determination of elements
in samples based on atomic emission spectrometer (AES), where an
inductively coupled plasma (ICP) is generated by directing the energy of
radio frequency generator into a suitable gas, in this case, ICP-argon
(ICP90A). All assays were performed by SGS Laboratory in South Africa.
Sampling and analytical procedures are subject to a comprehensive
quality assurance and quality control program. The QA-QC program
includes duplicate samples, blanks and analytical standards.

SGS laboratory is ISO 90001 and 17025 accredited and employs a
Laboratory Information Management System for sample tracking, quality
control and reporting.

Qualified Person

Phillip Kaniki Bsc. Geology is a qualified person registered as a
Chartered Professional member of the Australasian Institute of Mining
and Metallurgy MAusIMM CP (Geo) (Reg. No 221963/07) and has reviewed the
technical information that this press release contains.

Respectfully submitted,

Joseph Kahama

Chairman and Chief Operating Officer (Tanzania)

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

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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
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forward-looking information. All statements, other than statements of
historical fact, included herein are forward-looking statements and
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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
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in mineral exploration and development, which may cause the actual
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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 Corporation

James Sinclair,
1-800-811-3855