Doubling of Gold Mineral Resources Confirmed

VANCOUVER, British Columbia, June 23, 2020 (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX: TNX); (NYSE American: TRX) (the “Company”) is pleased to announce that it has filed a National Instrument 43-101 Independent Technical Report entitled “Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa” (the “Report”). This Report follows the Company’s release of March 17, 2020 that announced a doubling of Resources in the Measured and Indicated Categories as well as highlighting the upside potential in Exploration Targets. The Report has been filed on SEDAR and is available on the Company’s website.

The new Estimated Mineral Resources

The Estimated Mineral Resources released today at a cut-off grade of 0.4 g/t Au are set out below:

Prospect

Measured

Indicated

Inferred

Total Measured + Indicated

Tonnes

Grade

In Situ Content

Tonnes

Grade

In Situ Content

Tonnes

Grade

In Situ Content

Tonnes

Grade

In Situ Content

(Mt)

Au (g/t)

Au (Oz)

(Mt)

Au (g/t)

Au (Oz)

(Mt)

Au (g/t)

Au (Oz)

(Mt)

Au (g/t)

Au (Oz)

Buckreef

19.98

1.99

1,281,160

15.89

1.48

755,120

17.82

1.11

635,540

35.88

1.77

2,036,280

Notes and Key Assumptions: