The Company is pleased to announce that its Chairman and COO (Tanzania), Joseph K. Kahama, has been elected to Chair the Tanzania Chamber of Minerals & Energy whose mandate is to represent the interests of private participants in the Tanzanian minerals sector.
With close to 60 members, the Chamber includes a broad spectrum of players in the Tanzanian mining industry including some of the largest international mining companies in the world. As the official voice for the industry, the Chamber plays a pivotal role within the sector as a mediator between the mining investment community and key stakeholders, most notably the Government of Tanzania and the public. All mining majors operating in Tanzania are members of the Chamber and international oil companies developing the nation’s offshore gas and oil resources are expected to expand the organization in the coming years.
According to James E. Sinclair, President and CEO of Tanzanian Royalty, “The appointment reflects the high regard in which Joseph is held in his native Tanzania and continues a family legacy of public service that began with his father, Sir George Kahama, who served his government in various capacities including Ambassador to China.”
“We are justifiably proud to have a senior executive with our Company hold such a position and recognize that Joseph’s ability to engage with government, industry and other stakeholders will be beneficial to everyone concerned. Joseph has been a driving force behind our corporate philosophy of constructive engagement with the government and the people of Tanzania. And there is no better example of this than our partnership with the State Mining Corporation of Tanzania (Stamico) to explore and develop the 2.1 million ounce Buckreef Gold Project which is scheduled for commercial production in 2014.”Respectfully Submitted, James E. SinclairPresident and Chief Executive Officer For further information, please contact Investor Relations at 1-800-811-3855Visit our website: www.TanzanianRoyalty.com The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and do not accept responsibilityfor the adequacy or accuracy of this release