Mr. James Sinclair reports

TANZANIAN GOLD CLARIFIES DISCLOSURE

Tanzanian Gold Corp.'s board of directors wishes to retract in its entirety, as a result of a review by staff of the Ontario Securities Commission (OSC), the disclosure of unclassified resources included in the company's press release of Feb. 14, 2020, regarding the Buckreef project. Unclassified resources are not a CIM (Canadian Institute of Mining, Metallurgy and Petroleum) category of mineral resources, and such disclosure is contrary to paragraphs 2.2(a) and 2.3(1)(a) of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

For information in respect of the company's Buckreef project, please refer to the company's technical report dated June 26, 2018, available under the company's profile at SEDAR, rather than the prior release. The company is very pleased with the progress and outcome of its 2019 drilling program at the Buckreef project and looks forward to providing revised disclosure within approximately 14 working days.

We seek Safe Harbor.