TANZANIAN ROYALTY EXPLORATION RETAINS PORTER, LEVAY & ROSE AS ITS INVESTOR RELATIONS COUNSEL

October 27th, 2016

Toronto, Ontario – October 27, 2016 – Tanzanian Royalty Exploration Corporation (TSX: TNX) (NYSE MKT: TRX) (the “Company”), a mineral resource company that engages in the acquisition, exploration, and extraction of gold and other natural resources in Tanzania, Africa, announced today that Porter LeVay & Rose has been retained as its investor relations counsel.  Porter, LeVay & Rose (“PLR”) is a premier, full-service investor relations firm located in New York, New York.  PLR has 45 years of experience representing public and private companies in investor relations and corporate communications in the USA and abroad.

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