Mining License Renewal at the Buckreef Project for a period of 10 years

October 25th, 2016

TORONTO, ONTARIO–(Marketwired October 18, 2016) – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company”) is providing the following report with respect to the Mining License Renewal for the Buckreef Project for a renewal period of 10 years.

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