According to James E. Sinclair, President and CEO, "Mineral rich developing countries are quite properly seeking a greater participation in wealth generating sectors of their economies. In fact, some countries have already incorporated their levels of participation in mining legislation. On the other hand, free market methods enable companies like Tanzanian Royalty to recognize through negotiations the host country's work input and its ongoing task of interacting with local stakeholders regarding the presence of exploration and mining-related activity and the net benefit this activity represents to the community as a whole."Tanzanian Royalty has already broken new ground in its relationship with the Tanzanian government vis-à-vis its development agreement for the advanced-stage Buckreef Gold Project which has been constituted as a 55/45 joint venture with Stamico. “Our latest joint venture with the government for Kigosi recognizes that the Tanzanian government and its citizens want to be meaningful equity participants in the development of the nation’s mineral resources. We genuinely value our relationship with the government and the Tanzanian people and are honored to have them participate on this basis,” he adds. Qualified Person The Company’s Qualified Person, Mr. Peter Zizhou, has reviewed and approved the contents of this news release. Mr. Zizhou is the General Manager (Exploration & Administration) of Tanzanian Royalty Exploration Corporation Limited. He has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000) and is a registered scientist with SACNASP (Reg. No.400028/08) . Respectfully Submitted, “James E. Sinclair” President and CEO For further information, please contact Investor Relations at 1-800-811-3855 Visit our website: www.TanzanianRoyalty.com The Toronto Stock Exchange and NYSE Amex Equities 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.