Tanzanian Royalty Exploration Corporation Gratefully Acknowledges and Accepts the Resignation of Joseph K. Kahama

February 9th, 2016

TORONTO, ONTARIO–(Marketwired February 9, 2016) – On 6 February 2016, Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company”) received and immediately accepted the resignation of Joseph K. Kahama, Chairman of the Board.

 

Mr. Kahama “Joe” has been involved with Tanzanian Royalty and its predecessors in interest since 1997.  His contributions are acknowledged.  “My resignation as Chairman of the Board comes after deep and lengthy thoughts…”  Joe has been considering this move and we mutually agree with this parting of the ways as he follows his personal interests and we pursue our goals of success for Tanzanian Royalty.

 

We understand Joe’s dedication and commitment to the United Republic of Tanzania, and honor his patriotism to his homeland.  As a corporation, there is often a divergence of interest between government and corporate interests.  Although the path of business and government is intended to be mutually beneficial, conflicts can and do occur, and allegiances and alliances may then differ.  Our goal is for the highest good for Tanzanian Royalty and its shareholders.  As in all things, change is sometimes necessary and growth can be uncomfortable.  We will move ahead with positive and continued dedication to our commitment to the success of Tanzanian Royalty.

 

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