Tanzanian Royalty Has Retained Venmyn Rand Limited to Prepare Mineral Resource Block Models and Updated Mineral Resource Statements for Tanzanian Royalty’s Buckreef Project in Tanzania

October 19th, 2012

Venmyn Rand (Pty) Ltd. (Venmyn) has been retained by Tanzanian Royalty Exploration
Corporation to prepare Canadian National Instrument (NI 43-101) compliant Mineral Resource
block models and Mineral Resource estimates for its Buckreef Project in Tanzania. Venmyn has
previously prepared N143-101 Independent Technical Reports (ITR) and a Preliminary Economic
Assessment (PEA) on the Buckreef Project, which have been published on the System for
Electronic Document Analysis and Retrieval (SEDAR). The PEA has formed the basis of a
planned Preliminary Feasibility Study (PFS).


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