Tanzanian Gold announces 4,291,000 ounces of gold contained in unclassified resources at the conclusion of its Phases 1 & 2 Resource Upgrade drilling along the 1.2km Buckreef Shear Zone - Seite 2

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
Mineral Resources reported inclusive of Mineral Reserves (although no Mineral Reserves are reported)
Cut-off Grades of 0.1g/t Au to 0.5g/t Au
Estimates in 10m (X) by 10m (Y) by 10m (Z) blocks constrained by topography only
Specific Gravity ranges 2.0 to 2.8
Inconsistencies in totals are due to rounding
55% attributable to TRX

Sample Protocol and QA/QC

The sample chain of custody is managed by the Buckreef technical team under the supervision of Anthony Minde. Gold analyses reported in this release were performed by standard fire assay using a 50-gram charge with atomic absorption finish (0.01ppm LLD) and a gravimetric finish for assays greater than 10 grams per tonne. All assays were performed by Nesch Mintech Laboratory in Mwanza. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QAQC program includes duplication to the samples, blanks and analytical standards.

Intervals of core to be analyzed are split in half with a mechanized core cutter, with one half sent to the Laboratory for geochemical analysis and the remaining half kept in storage for future reference and uses.

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

Qualified Person

The Company’s Qualified Person, Mr. Peter Zizhou, has reviewed and approved the contents of this news release.  Mr.  Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000) and is a registered professional natural scientist with SACNASP (Reg. No. 400028/08).

Virimai Projects have read and approved the contents of this press release and do hereby confirm that they are now actively engaged as the Qualified Person (QP) undertaking the NI43-101 Mineral Resource Update Technical Report following the completion of the two phases of resource upgrade drilling conducted as per their recommendations in the Pre-Feasibility report of June 2018.

Tanzanian Gold Corporation Executive Chairman, James Sinclair, commented “The numbers presented here today speak for themselves, and offer a first glimpse of some of the results of our year-long exploration and development program at Buckreef. This extensive and comprehensive program has been conducted with the most scientific of methods and at the highest of industry standards. This program would not be in place without critical, value added, financing completed in a year which has been fully transformational for our company. As we have said in the past, mines are not simply discovered – they are built. We will continue to build the Buckreef Mine toward the goal of world class status.”