Tanzanian Royalty Announces Grade Control Drilling Results for Mining Production from Buckreef South Pit

September 8th, 2014

Tanzanian Royalty Exploration Corporation is pleased to report the results of 250 grade control drill holes completed on the Buckreef South Pit at its Buckreef Re-development Gold Project in Tanzania. In addition to the previously announced exploration and development drilling results on the grade control drilled area, these results provide detailed data required for mapping and identifying the highest grade mine material for excavation and supply to the heap leach extraction plant.

The updated drilling occurred within the Buckreef South Block. Each hole was completed to a depth of 20m and drilled on ten meters by five meters spacing to provide better grade control in the identified mineralized area. Samples were taken every metre down each hole. Approximately 70% of the total holes drilled had a mineralized intercept grading greater than 0.5g/t Au. The drilling confirmed two distinct mineralized zones termed as Buckreef South Zone One and Zone Two with an average grade of 3.16g/t Au and 5.31g/t Au respectively over average mineralized intersection widths of 7.65m and 10.5m respectively.

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