Message to Shareholders
My Dear Friends and Fellow Shareholders;
I am very pleased to report that Tanzanian Royalty Exploration Corporation’s Kigosi Project in Tanzania has been
granted a Mineral Rights and Mining License, through its wholly-owned subsidiary, Tanzania American
International Development Corporation 2000 Limited (“Tanzam”). The Mineral Rights and Mining License covers
the entire area applied for, 9.91 square kilometres of the Kigosi Project.
A particularly gratifying aspect of this project’s success is that it transcends the interests of one party and includes
those of multiple parties, all in a mutually interwoven form befitting a real partnership.
The Kigosi Project is one such project that has the potential to benefit its investors, including Company
shareholders, the people of Tanzania through the State Mining Corporation (“Stamico”) and more immediately, the
hosting communities and Bukombe District. Stamico holds a 15% interest in the profits of the Kigosi Project.