Mr. James Sinclair reports

TANZANIAN ROYALTY ANNOUNCES CLOSING OF THE SALE OF $281,000 IN COMMON SHARES

Tanzanian Royalty Exploration Corp.'s board of directors has completed the sale of 625,557 common shares, raising $281,000 in the aggregate, previously announced in its press release of Feb. 27, 2019.

The proceeds from the sale of common shares will be used in furtherance of the company's three-phase drill program at the Buckreef project.