Tanzanian Royalty Announces the Selection of Consulmet for Construction and Management of the Kigosi and Bingwa/Tembo Gold Mining Projects

June 25th, 2013

Tanzanian Royalty Exploration Corporation is pleased to announce that having concluded
the selection process, they have informed Consulmet Metals (Pty) Limited of South
Africa (“Consulmet”) of the award of the contracts for Kigosi and Bingwa/Tembo for
plant construction and management on a turnkey basis. Bingwa and Tembo are prospects
located within the area covered by the Buckreef Mining Licence.
The Company is adequately financed to begin construction on the properties and there
will be no equity or debt offering, and no forward sale of gold, in order to launch these
projects.

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