Officer/Director Profiles

Jim Sinclair
Position: President, CEO & Director

Mr. Sinclair provides Tanzanian Royalty Exploration with the strategy for its corporate growth and is primarily responsible for providing the leadership necessary for the Company to complete its evolution into a gold producer and royalty company.

Mr. Sinclair became Chairman and CEO of Tanzanian Royalty Exploration following a Special Meeting of Shareholders held in April 2002 in which shareholders voted 98% in favour to approve a transaction for Tan Range to acquire Tanzanian American Development, a Tanzanian gold exploration company managed by the Sinclair family.

Mr. Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. His past experience includes that of founder of the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York, Kansas City, Toronto, Chicago, London and Geneva, were sold in 1983. Mr. Sinclair served as a Precious Metal Advisor to Hunt Oil and the Hunt family from 1981 to 1984 for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker. Mr. Sinclair was a general partner and member of the executive committee of two New York Stock Exchange firms and also President of Sinclair Global Clearing Corporation (Commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies). Mr. Sinclair was President of James Sinclair Financial Research SARL in Luxembourg. Mr. Sinclair held the position of Chairman of Sutton Resources from 1989 to 1995.

Jim Sinclair is the author of numerous magazine articles and three books, which deal with a variety of investment subjects, including precious metals, trading strategies and geopolitical events and their relationship to world economics and the markets.

Joseph Kahama
Position: Chairman, Chief Operating Officer (Tanzania)

Joseph Kahama became a director of Tanzanian Royalty Exploration Corporation in February 2008. Mr. Kahama has served as Senior Vice President of the Corporation since July 2007. A native of Tanzania, Mr. Kahama has served as president and director of the Company’s wholly-owned subsidiary, Tanzania American International Development Corporation 2000 Ltd. (“Tanzam 2000″), since 1997. In his capacity as president of Tanzam 2000, Mr. Kahama has been responsible for corporate administration and also for maintaining good relations with government, vendors, and the Company’s various business partners in Tanzania . Mr. Kahama is a councilor at the Tanzania Chamber of Energy & Minerals (TCME) where he represents the Company and its various Tanzanian subsidiaries. In 2007, he was appointed to the Tanzania National Business Council (TNBC) and the Local Investors Roundtable (LIRT). In 2006, Mr. Kahama was appointed as a member and advisor to the China Africa Business Council (CABC) which is headquartered in Beijing, Peoples Republic of China. In addition, Joseph Kahama is Chairman of The Kahama Foundation, a not-for-profit organization which enables, fosters and nurtures business entrepreneurship, modern management practices and ethical leadership in business and cooperatives. Mr. Kahama is also a Trustee and Founding member of The Mawalla Chair for Legal and Business Studies, an academic endowment covering five universities in Tanzania. Mr. Kahama is also author of a Book called “SIR GEORGE: A Thematic History of Tanzania Through His Fifty Years of Public Service”, printed in 2010.

Dr. Norman Betts, PhD, FCA
Position: Director, Chairman Audit and Compensation Committee

Dr. Betts is an Associate Professor, Faculty of Business Administration, University of New Brunswick (UNB) Canada and is a Fellow of the New Brunswick Institute of Chartered Accountants (FCA). He also serves as a director and chair of the Audit Committee of Minacs Worldwide Inc. and Slam Exploration Ltd. in addition to being a director and member of the Audit Committee of Tembec Inc. and the New Brunswick Power Corporation. He is a co-chair of the Board of Trustees of the UNB Pension Plan for Academic Employees and is a director of the Nature Conservancy for the Atlantic region. A former Finance Minister and Minister of Business with the Province of New Brunswick, Dr. Betts was awarded a PhD in Management from the School of Business at Queen’s University in Kingston, Ontario in 1992.

Anton Esterhuizen BSc (Hons) MSc (Mineral Exploration)
Position: Director, Chairman Technical Committee

Mr. Esterhuizen is an experienced geologist working extensively in Africa. Among his career highlights, he is credited with the discovery and evaluation of the Xstrata Group’s world-class, high-grade Rhovan vanadium deposit in South Africa, the re-evaluation of the sizeable Burnstone gold deposit, also in South Africa, and a number of Tanzanian gold deposits, including the Tulawaka deposit, which attracted major players into Tanzania. He is responsible for the discovery of a number of titanium-zirconium mineral sand deposits including the world class Corridor Sands deposit in Mozambique and the Kwale deposit in Kenya. At present, Mr. Esterhuizen is Managing Director of Pangea Exploration (Pty) Limited in Johannesburg and a director of NWT Uranium Corp. Mr. Esterhuizen is a fellow of the Geological Society of South Africa and the first recipient of the Des Pretorius Memorial Award for outstanding work in economic geology in Africa. He also received the Dreyer Award from the Society for Mining Metallurgy and Exploration Inc. for outstanding achievements in applied economic geology.

Dr. William M. Harvey BA, PhD,
Position: Director, Member Audit and Compensation Committee

Dr. Harvey will provide the social service programs for the benefit of the stakeholders including the indigenous Tanzanians who are impacted by the corporate activities of Tanzanian Royalty.

Dr. Harvey is presently a consultant and technical expert to a variety of research centres and state and federal programs in the United States. He is a consultant to: National Drug Information Centre for Families in Action; American Institute of Research; Office of Juvenile Justice & Delinquency Prevention; National Institute on Drug Abuse; and National Institute on Alcoholism and Alcohol Abuse. He is involved in the formulation of new programs and policies aimed at the betterment of society. The Sinclair family has already made a significant donation to a private trust, The Tanzanian Relief Fund, which in turn has funded the hospital at the Bulyanhulu gold mine in Tanzania. Dr. Harvey will expand the role which Tanzanian Royalty has at the local level to ensure that stakeholders interests are addressed.

Ulrich Rath B.Sc.(Hon), M.Sc.(Geol)
Position: Director, Member Audit and Compensation Committee and Technical Committee

Mr. Rath has a wide range of experience in the mining industry, and has specific experience in North America, South America including Argentina, Chile and Peru and in South Africa. Mr. Rath was until recently the President and CEO and Director of Chariot Resources Ltd., a junior resource company focused on the exploration, acquisition and development of copper and precious metal mineral deposits in the Andes region of Latin America. He was formerly CEO and director of Compania Minera Milpo a medium sized Peruvian zinc mining company. Mr. Rath was also formerly Vice-President, Corporate Development, for Rio Algom Ltd. from December 1992 to October 1998. Rio Algom Ltd. was a U.S. reporting issuer, whose common shares were listed on the American Stock Exchange. Mr. Rath has a B.Sc. (Hon) from Concordia University in Montreal and an M.Sc. (Geology) from the University of Alberta.

Rosalind Morrow LL.B
Position: Director

Rosalind Morrow is a partner with Borden Ladner Gervais LLP in Toronto where she practices Corporate and Securities Law. Her practice includes a special emphasis on financial services and communications sector financings and acquisitions, project and government financings and corporate governance. She is also a member of the firm’s Securities and Capital Markets Law Group.

She advises issuers, underwriters and investors in connection with debt and equity offerings and investments, including domestic and trans-border public offerings and private placements, capital restructurings and corporate and securities law compliance.

In addition, she also represents government and private sector corporations, investors and lenders (including bank syndicates) in connection with debt offerings, project financings and public-private partnerships.

Ms. Morrow was seconded to the Ontario Securities Commission in 1988-90 as staff counsel in the corporate finance, enforcement and take-over bid branches where she participated in a number of important policy initiatives.

She graduated from the Faculty of Law, University of Toronto in 1982 and was called to the Ontario Bar in 1984.

Abdulkarim Hamisi Mruma, PhD., M.Sc. (Geology), B.Sc. (Geology)
Position: Director, Member of the Technical Committee

Dr. Mruma is a graduate of the University of Dar es Salaam where he currently serves as a Professor of Geology. His post graduate studies included research sabbaticals at universities and government institutions in Germany, Belgium, Zimbabwe and Finland. He has authored numerous technical reports on various geological topics and contributed to several technical and non-technical journals on a broad range of geology and industry-related subjects. The list of publications includes UNESCO Magazine, Journal of African Earth Sciences, and the Tanzanian Journal of Earth Sciences. In addition to his academic duties, Dr. Mruma is Chief Executive Officer of the Geological Survey of Tanzania, a position he has held since October 2004. He also serves as a Board member of both Williamson Diamonds Limited and the State Mining Corporation (STAMICO) of Tanzania, the Company’s joint venture partner for the Buckreef Gold Mine Re-development Project. Dr. Mruma acts as National Coordinator of International Geological Correlation Programs and International Year of Planet Earth Programs. He is also a member of the Research and Development Advisory Committee on Natural Resources – Tanzania Commission for Science and Technology (COSTECH).

Steven van Tongeren, B.Sc., CPA
Position: Chief Financial Officer

Mr. Van Tongeren holds a Bachelor of Science degree from the State University of New York and is a Certified Public Accountant. He completed Executive Finance Management Training at INSEAD France, one of the world’s leading and graduate business schools. He has extensive international experience having lived and worked in various countries. Mr. Van Tongeren was Executive Director, Finance for a London Stock Exchange listed restaurant group operating throughout Europe. He successfully brought the privately held company to full public listing and went on to complete major fund raising for the company’s rapid international expansion. He acted as Vice President, Finance and Administration, for PolyGram Video and later as Manager of World-Wide Consolidation and Reporting for Polygram International BV. In that capacity he was responsible for preparing all consolidated world-wide financial reporting for one of the world’s major record and film entertainment companies with subsidiaries in 34 countries. He served as European and South African Financial Director for the Borden Food Inc. International packaging group with manufacturing and sales operations throughout Europe and South Africa . Mr. Van Tongeren has worked as Senior Operations Auditor for Gulf & Western Inc. where he was responsible for domestic and international company audits and special project due diligence.