TANZANIAN ROYALTY SUCCESSFULLY STARTS IRRIGATION OF PAD #1 OF 4, MARKING THE LAUNCH OF ITS FIRST GOLD PROCESSING OPERATION

April 16th, 2015

Toronto, Ontario – (Marketwired – April 16, 2015,) – Tanzanian Royalty Exploration Corporation (TNX.TO)(NYSE MKT:TRX) is pleased to offer the following update on its showcase Buckreef project in the United Republic of Tanzania:

Explains President and CEO James Sinclair, “On April 16, 2015, we initiated the process of
production at our initial target on the Buckreef prospect. I cannot over-state the importance of
this. The transition from just an exploration firm also to a producing enterprise is one of those
rare events in our industry of late. From this day forward we are progressing to a production
operation; as well as, of course, an exploration one.”

“Nor will we be content to rest on our laurels. In the days, weeks, and months ahead, we
anticipate exploration and development of at least four upcoming projects at this same site before
ultimately turning our focus to the much larger Buckreef Main Zone. Careful forwardmanagement
of cash flow — from one site serially to another — should leave the Company
fiscally fit for its development, at that future stage.”

 

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