Tanzanian Royalty Signs Kigosi Access Agreement

December 12th, 2012

Tanzanian Royalty Exploration Corporation (the “Company”) is pleased to announce the signing
of an Agreement for the Access and Mineral Operations at the Kigosi Project (the “Agreement”).
The Agreement has been signed by the Ministry of Natural Resources and Tourism and by the
Company. The Kigosi Project is a joint project comprising State Mining Corporation (“Stamico”)
on behalf of The Government of The United Republic of Tanzania with 15% and the Company,
where the Company also represents its underlying contracts with local Tanzanian companies.

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