Mr. James Sinclair reports

TANZANIAN ROYALTY ANNOUNCES MICHAEL E. MARTIN AS HEAD OF INVESTOR RELATIONS

Michael E. Martin has accepted the position of head of investor relations for Tanzanian Royalty Exploration Corp. Mr. Martin has a distinguished career in the financial services industry that spans more than 37 years. He has extensive experience and knowledge in the precious metals and mining industries. In addition to these specializations, he has a broad base of general experience as a licensed financial adviser.

Mr. Martin has had a successful and distinguished career from a young age. Early in Mr. Martin's career, he was a registered representative, Series 7, financial principal of a boutique brokerage firm specializing in mining and resource investment and achieved a management position. The firm was a formidable trader of over-the-counter (OTC) gold mining companies and served many European banks, mutual funds, financial institutions, broker dealers and high-net-worth individuals around the world. Thereafter, Mr. Martin's career opportunities expanded and changed when he moved to Toronto, which was rapidly becoming a global mining industry centre. Mr. Martin ran a sizable and successful trading operation as part of the international trading desk for a large integrated Canadian brokerage firm. Mr. Martin returned to New York to work for another boutique firm, where he remained for over 20 years. There, he continued to evolve a metal-and-mining-focused business, providing mining analysis and commentary for the firm and his clients. During this period, Mr. Martin was often quoted in the press by Bloomberg News, The New York Times and other publications. Most recently, Mr. Martin has worked as a financial adviser for Oppenheimer & Co. and Westport Capital Markets.

Mr. Martin is a highly regarded and respected financial adviser and analyst, and the company is pleased to welcome him to its corporate team.

We seek Safe Harbor.