Buckreef Gold Project Not Effected by New Laws in Tanzania

August 11th, 2017

TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) announces that it is not affected by new laws in Tanzania.

“The new mining laws in Tanzania appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not nationalization.” stated James E. Sinclair, Executive Chairman.

Jim Sinclair co-authored a book titled “BOOM,” written in the 1990s with Mr. F. Vogl, former Director of Communications for the World Bank. “Boom” outlines the authors’ prediction for the economic development of China, Tanzania and India as those countries move into the modern Global economy. Many of the new laws adopted in Tanzania (and elsewhere) were outlined in the book. The authors’ premise, which is being borne out in present legislative trends states that to participate in the development of a foreign economy investing companies must enter into mutually beneficial contracts.

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