Tanzanian Royalty Exploration Corporation Force Majeure – Where from here? Progress Report

March 3rd, 2016

Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company”) is providing the following progress report with respect to the recent force majeure notice it issued to Stamico.

Force Majeure describes a clause in a contract whereby circumstances arise producing a situation known as “Force Greater” than one party has the ability to correct in the normal course of business. Currently, the situation at hand is our business relationship with our joint venture partner, the State Mining Company of Tanzania, which is owned by the Treasury of Tanzania. The trigger for Force Majeure was a significant increase in the number of illegal miners that entered our property. We maintain that there is a direct connection between the increase in the illegal occupation of property under our license and a speech made in the village by the Deputy Minister for Mining. It is our opinion that the Deputy Minister speaks for the Minister who in turn speaks for the government. As such we take seriously such statements made as a statement representing the leadership of Tanzania.

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