Tanzanian Royalty Exploration Corporation

Buckreef Gold Mine Pours Gold - Seite 2

As of the 31^st December 2015, operating management advises that heap leach pads #1, #2 & #3 hold resources amounting to approximately 20,932t @ 2.29g/t (1,542 ozs); 12, 944t @ 2.78g/t (1,156 ozs) and 12,088t @ 3.64g/t (1,417 ozs) respectively. Operating management further advises that:

• As of the 31^st December 2015, a total of approximately 73,710t @ 1.39g/t (3,300 ozs) (HG & LG) is stockpiled at the ROMPAD (excludes resources partially leached on heap leach pads).
  
  
• The cumulative total mined to date (ROMPAD including resources shifted to heap leach pads) as of 31st December 2015 is approximately 119,726 tonnes averaging 1.86 g/t Au for a combined global total of 7,161 ounces gold so far mined to date.
  
  
• The flood pond and drainage works around the Buckreef South pit will commence shortly to protect the mining pit from water ingress during the approaching future wet seasons.
  
  
• Mining activities continue to advance northern half of the South pit with resources being stockpiled ready for processing.
  
  
• Work is continuing to progress on the final designs of the new CIL plant
  
  
• Initial mine development targeted oxide & transition resource material on the Buckreef South Prospect (SW-extension of Buckreef Main Mega Pit).
  
  
• Initial pilot pit design covers a deposit strike length of 300m.
  

James Sinclair, TRX President and CEO, further stated, "A tremendous amount of work has been accomplished at Buckreef during the past eight months, which is a credit to the talent, capability and focus of TRX management, staff, consultants and contractors who have worked as a close-knit team with the objective of achieving gold production as quickly and safely as possible. TRX and members of the local communities are looking forward to celebrating the mine commissioning in June this year."

Qualified Person

The qualified person for Tanzanian Royalty Exploration Corporation is Mr. Peter Zizhou, Acting General Manager, Exploration and Administration. Mr. Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000), is a registered scientist with SACNASP (Reg. No. 400028/08) and has reviewed and approved the contents of this news release.