Buckreef Gold Project Supports Proposed Legislative Trends in Tanzania

July 5th, 2017

Tanzanian Royalty Exploration Corporation (hereinafter, the “Company” or “Tanzanian Royalty”) (TSX:TNX)(NYSE MKT:TRX) announces that it is not effected by legislative trends in Tanzania.   Jim Sinclair co-authored a book titled “BOOM,” written in the 1990s with Mr. F. Vogl, former Director of Communications for the World Bank. “Boom” outlines the authors’ prediction for the economic development of China, Tanzania and India as those countries move into the modern Global economy. Many of the legislative changes presently proposed in Tanzania (and elsewhere) were outlined in the book. The authors’ premise, which is being borne out in present legislative trends, states that to participate in the development of a foreign economy investing companies must enter into mutually beneficial contracts.


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