Tanzanian Royalty Reports Significant New Intersection of High Grade Gold Mineralization at Eastern Porphyry Prospect, intersects 11m @ 9.82g/t Au, including 3m @ 28.53g/t Au

Tanzanian Royalty Exploration Corporation is pleased to report that
diamond drilling at Eastern Porphyry prospect at the Buckreef Gold
Project in Tanzania has recorded a significant new intersection of gold
mineralization in drill hole BMDD202. This drill hole intersected four
new mineralization zones on the target area.

The best intercept from that hole includes 12.22m @ 6.20g/t Au from
99.78m, including 2m @ 31.75g/t Au; 6m @ 1.46g/t Au from 103m; 3m @
6.74g/t Au from 165m, including 2m @ 9.67g/t Au and 11m @ 9.82g/t Au
from 186m, including 3m @ 28.53g/t Au.

The Eastern Porphyry target is located approximately 800m east of
Buckreef Main Zone. Gold mineralizations at Eastern Porphyry occur in a
sequence of fine grained basalts to medium grained dolerites. This mafic
package has been intruded by a series of porphyritic felsic dykes. The
dykes are typically pink in colour and possess both quartz and feldspar
phenocrysts phases in a fine-grained ground mass. The target area has
been partially drilled and drilling continues at this zone.

The intersection reported here is a core down - holes length and may not
represent true width but the true width is estimated to be 50 ? 60%.

'The latest assays indicating the discovery of additional gold
mineralized veins at the Eastern Porphyry system continue to reinforce
our belief that the prospect has significantly more potential as we
continue to discover high grade gold mineralized vein systems near
surface and at depth. Not only are the grades at the vein system
significant but their NE-SW orientation is new, opening up the potential
for other veins of similar strike,' commented Mr. Joseph K. Kahama,
Chairman and Chief Operating Officer (Tanzania). 'The Eastern Porphyry
vein system is one of the potentially significant discoveries made this
year in terms of gold grade, intercept width, strike length and the
potential for extensions with further drilling'.

Sample Protocol and QA/QC

The samples 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 SGS
Laboratory in Mwanza. Sampling and analytical procedures are subject to
a comprehensive quality assurance and quality control program. The QA-QC
program includes duplicate samples, blanks and analytical standards.

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

SGS 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).

Respectfully Submitted,

Joseph Kahama

Chairman and Chief
Operating Officer (Tanzania)

For further information, please contact Investor Relations at
1-800-811-3855

Visit our website: www.TanzanianRoyalty.com

The Toronto Stock Exchange and NYSE MKT LLC have not reviewed and do not
accept responsibility for the adequacy

or accuracy of this release

Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission limits disclosure for U.S. reporting purposes to
mineral deposits that a company can economically and legally extract or
produce. We use certain terms on this news release, such as 'reserves?,
'resources?, 'geologic resources?, 'proven?, 'probable?, 'measured',
'indicated', or 'inferred' which may not be consistent with the reserve
definitions established by the SEC.U.S. Investors are urged to
consider closely the disclosure in our SEC filings.You can
review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml

This news release contains certain forward-looking statements and
forward-looking information. All statements, other than statements of
historical fact, included herein are forward-looking statements and
forward-looking information that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time-to-time with the British Columbia, Alberta and Ontario provincial
securities regulatory authorities.

Certain information presented in this release may constitute
'forward-looking statements? within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on numerous assumptions, and involve known and
unknown risks, uncertainties and other factors, including risks inherent
in mineral exploration and development, which may cause the actual
results, performance, or achievements of the Company to be materially
different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements.
Investors are referred to our description of the risk factors affecting
the Company, as contained in our SEC filings, including our annual
report on Form 20-F and Registration Statement on Form F-10, as amended,
for more information concerning these risks, uncertainties, and other
factors.

Tanzanian Royalty Exploration Corporation

James Sinclair,
1-800-811-3855

Investor Relations

Email: investors@TanzanianRoyalty.com

www.TanzanianRoyalty.com

or

Connecticut
Office:

Tel: 860-364-1830

Fax: 860-364-0673

or

South
Surrey Office:

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Tel: 604-536-7873

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