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Tanzanian Royalty Exploration Corp
Symbol TNX
Shares Issued 108,088,296
Close 2016-02-08 C$ 0.295
Market Cap C$ 31,886,047
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Tanzanian Royalty's Kahama quits as chairman

2016-02-09 08:34 ET - News Release

Mr. James Sinclair reports

TANZANIAN ROYALTY EXPLORATION CORPORATION GRATEFULLY ACKNOWLEDGES AND ACCEPTS THE RESIGNATION OF JOSEPH K. KAHAMA

On Feb. 6, 2016, Tanzanian Royalty Exploration Corp. received and immediately accepted the resignation of Joseph K. Kahama, chairman of the board.

Mr. Kahama has been involved with Tanzanian Royalty and its predecessors in interest since 1997. His contributions are acknowledged. "My resignation as chairman of the board comes after deep and lengthy thoughts." Mr. Kahama has been considering this move and the company agrees with this parting of the ways as he follows his personal interests and the company pursues its goals of success for Tanzanian Royalty.

The company understands Mr. Kahama's dedication and commitment to the United Republic of Tanzania, and honours his patriotism to his homeland. As a corporation, there is often a divergence of interest between government and corporate interests. Although the path of business and government is intended to be mutually beneficial, conflicts can and do occur, and allegiances and alliances may then differ. The company's goal is for the highest good for Tanzanian Royalty and its shareholders. As in all things, change is sometimes necessary and growth can be uncomfortable. The company will move ahead with positive and continued dedication to its commitment to the success of Tanzanian Royalty.

The company takes this opportunity to wish Mr. Kahama well in his future endeavours, whether those opportunities are in government or the private sector, and the company trusts that he will bring the same abilities he provided to Tanzanian Royalty to whatever position he embraces.

We seek Safe Harbor.

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