Tanzanian Royalty Reports Historical Surface Rubble Pitting Results From Buckreef Gold Mine Re-development Project in Tanzania

Tanzanian Royalty Exploration is pleased to announce that it has
completed a detailed review of a previously completed but non-reported
reconnaissance pitting program on its Buziba West Prospect in northern
Tanzania.

Buziba West forms part of the Company′s recently acquired Buckreef Gold
Mine Re-development Project in Tanzania. The original pitting program
was conducted by the State Mining Corporation (Stamico) of Tanzania, the
Company′s joint venture partner in the advanced stage Buckreef Gold
Project.

The Buziba West surface rubble pitting program included 53 pits on a
spacing of 100 metres x 100 metres, covering a total area of 0.24 square
kilometres. Historical records indicate that the pitting program was
completed in 1986.

The program identified a potentially economic, sub-surface, high grade
gold-bearing quartz rubble bed that returned a weighted average sample
grade of9.23g/t goldwith an average thickness of
1.03 metres. The eastern extension of this surface rubble bed has yet to
be investigated.

The following table summarizes some of the significant fire assay
results from the historical pitting program:

A follow-up Phase 2 pitting program is planned and will comprise 50 pits
on a 200 metres x 200 metres spacing over an area of 1.5 square
kilometres. The program will attempt to establish the eastern extension
and possible continuity of the mineralized sub-surface quartz rubble bed
as part of the Company′s endeavors to generate near surface gold
resources of economic interest for near term extraction programs
employing modular style gravity-based recovery plants.

Qualified Person

The Company's Qualified Persons are Mr. Peter Tererai Zizhou, the
General Manager and Mr. Phillip Kaniki, the Resource Manager of
Tanzanian Royalty Exploration Corporation Limited. Mr. Zizhou has a
Master of Science (Exploration Geology)degree from the
University of Zimbabwe (2000) and is a registered scientist with SACNASP
(Reg. No.400028/08). Mr. Kaniki has a Bachelor of Science (Geology)
degree from the University of Dar es Salaam (1997) and is a registered
scientist with AusIMM (Reg. No.221963/07). Mr. Kanikihas
reviewed and validated the RC drill-hole data for this particular
prospect.

Analysis

There are no historical data on the QAQC control measures that were in
place at the time this exploration program was conducted. Hence these
results should be taken to be indicative rather than conclusive.

Respectfully Submitted,

Joseph Kulwa Kahama

Chairman and Chief Operating Officer

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

Visit our website: www.TanzanianRoyaltyExploration.com

The Toronto Stock Exchange and American Stock Exchange 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 permits U.S.mining
companies, in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or produce.We use certain terms on this news release, such as 'measured?,
'indicated?, and 'inferred? 'resources? that the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with
the SEC.U.S. Investors are urged to consider closely the
disclosure in our Form 20-F, File No. 0-50634, which may be secured from
us, or from the SEC′s website at http://www.sec.gov/edgar.shtml.

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 Form 20-F, File No. 001-32500, for more information concerning these
risks, uncertainties, and other factors.

Tanzanian Royalty Exploration

David K. Duval

Corporate Office:

Tel:
(860) 364-1830

Fax: (860) 364-0673

or

Vancouver Office:

Toll
Free: 1-800-811-3855

Tel: (604) 669-5598

Fax: (604) 669-8915

Email:
investors@TanzanianRoyaltyExploration.com

Website:
www.TanzanianRoyaltyExploration.com