Tanzanian Royalty Exploration Corporation Provides Update on its Buckreef Re-development Project in Tanzania

April 16th, 2014

Tanzanian Royalty Exploration Corporation is pleased to provide an update on its Gold Mine
Development activities at its Buckreef Re-development Gold Project, located in the Lake
Victoria Goldfield of Tanzania. Construction activities began at Buckreef in December 2013,
immediately following the approval of the project Environmental Impact Study by National
Environmental Management Council (NEMC) with substantial progress to date.

 

The civil construction contract was awarded to Yale-Constech Company Limited. Yale-Constech
provides construction and mining services to the mining industry in Tanzania, including African
Barrick Gold at three of its mines in Tanzania.

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