Tanzanian Royalty Exploration Corporation

2018 - Good Political and Economic Climate for Investing in Tanzania

TORONTO, March 13, 2018 (GLOBE NEWSWIRE) -- Tanzanian Royalty Exploration Corporation (hereinafter, "The Company") (TSX:TNX) (NYSE MKT:TRX) is pleased to take this opportunity to provide information regarding the investment climate in the mining industry in the United Republic of Tanzania.

"The political and economic climate of Tanzania is exceptionally good for investors in Tanzanian Royalty Exploration Corporation," stated James E. Sinclair, TRX Executive Chairman. "The climate is favourable for responsible companies who have partnered in mining endeavours with Tanzania. Our Company partnered with Tanzania through our Joint Venture Agreement with STAMICO, the mining agency for the government, a decade ago. The Company entered into the Agreement long before sharing in mining operation profits was required by Tanzania. We were ahead of the curve. We more than complied long before laws were enacted in Tanzania regarding mining profits," said Sinclair.

The background for The Company's successes where other mining companies are struggling and failing is due to a number of economic and political changes. The new government of Tanzania, as of November 2015 elected President John Magufuli who has a staunch anti-corruption agenda. Honourable President Magufuli is receiving worldwide recognition for his advancements in bringing Tanzania into 21st Century business and industry, by establishing laws and regulatory standards for Tanzania to benefit from commercial activity within its borders. New laws and regulations benefit the nation and its people, but also benefit industry operating within its borders. Written laws are preferable to common and changeable understandings. Understandings can change from administration to administration, but written laws are not as flexible. President Magufuli is finally disposing of Colonialism in addition to eliminating corruption. Magufuli is a member of the CCM Party which has ruled Tanzania since Julius Nyerere. Thus far, in the Magufuli administration, more than 12,000 employees have been removed for cause, and these dismissals include the heads of Ministries.

"President Magufuli's achievements are producing miracles in Tanzania, not only with new laws and regulations which protect government and industry, but also by Magufuli's active involvement in the development of industry. Tanzania is welcoming international investment as President Magufuli stamps out corruption and dishonesty from the system," stated James Sinclair, TRX Acting Chief Executive Officer.