Press Release 27 February, 2019

February 27th, 2019

Tanzanian Royalty Announces Results From First Hole of Upgrade Drilling at Buckreef Intersects 8m @ 2.32g/t gold and 11m @3.06g/t Au.

TORONTO, Feb. 27, 2019 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation (hereinafter, “The Company”) (TSX: TNX) (NYSE MKT:TRX) is pleased to announce new assay results from its recently commenced infill reverse circulation (RC) drill program at the Buckreef Main prospect at its Buckreef Project, aimed at upgrading the known Mineral resources from Inferred to Indicated and Indicated to Measured categories within the open pit that is the basis for the June 2018 Pre-Feasibility 43-101 Technical Report.