Andrew Cheatle – Welcomed to Board of Directors of Tanzanian Gold Corporation

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company”) is pleased to announce the nomination and acceptance by Andrew Cheatle, P.Geo., MBA, ARSM for appointment to the Board of Directors of Tanzanian Gold Corporation.

Director Cheatle is a world-renowned purpose driven achiever in the mineral resources industry with significant knowledge and experience in gold mining endeavours. He is respected, admired and highly sought after by mining companies, investors, industry specialists, financial analysts, governments, and private enterprise for his valuable insights, contributions, and active participation in all areas of mining and mineral resource development. Andrew possesses advanced academic excellence, background, skills, experience, and abilities which are inimitable in mineral resources. His presence and participation on the Board of Directors will be of inestimable value as the Company rapidly advances the success of the Buckreef Project on its path in becoming a world class mine.

“In joining Tanzanian Gold Corporation’s Board of Directors, with the Chairmanship of Mr. Jim Sinclair, Officers and international team, I am delighted to become a member of a purposeful, driven team advancing the Company and its Buckreef Gold Project. The Company, along with its Joint Venture partner STAMICO, is in an exciting phase, and has the potential to substantially grow the gold mine for the benefit of all stakeholders for decades to come.” said Director Cheatle.

Director Cheatle is an experienced geoscientist, seasoned CEO and director within the mining industry at present, and acclaimed former Executive Director (CEO) of the Prospector’s and Developers Association of Canada (PDAC). As a professional geoscientist and graduate of the Royal School of Mines, Imperial College, London, his 30-plus-year international career has encompassed both the senior and junior mining sectors. Based in London (UK) and Toronto (Canada), he is a sought-after advisor to the minerals industry, specializing in technical assessments, corporate development, and investments. Andrew sits on the Board of Directors at Condor Gold Plc and Troilus Gold Corp. In his current capacities, Mr. Cheatle is actively involved in executive level engagements, holding several C-Suite positions, technical assessments of and for merchant banks subsidiary companies which include extensive marketing and financing, mergers and acquisitions (Bonikro Gold Mine with Allied Gold Corp.), and the successful implementation of mine and geological teams in West Africa which resulted in 4 additional years of mine life and production of 500,000 additional ounces of gold. Among his other notable assignments is his capacity as CEO of Unigold Inc. and African Gold Group. Andrew is well known on the mining investment circuit through presenting, moderating at industry leading summits, which includes the Precious Metals Summit, Canadian Mining Symposium 121, and media participation such as The Northern Miner and Business News Network. Andrew’s communications persona and skills create receiver-centered communications and understandings whether the communications are among investors, stakeholders, artisanal miners, or audiences of the World Bank or the United Nations.