Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Reports Discovery of Higher Grade Zone at Luhala Gold Project

    Vancouver, Canada (ots/PRNewswire) - The Company [TSX:TNX; AMEX:TRE]  is pleased to report that the Phase 7  drill program was completed on its Luhala Gold Project in August.  According  to Tanzanian Royalty Chairman and CEO, Jim Sinclair, "The latest results confirm our most optimistic expectations for Luhala and leave open the  opportunity to expand known zones of gold mineralization down dip and along  strike."

    "Clearly, we are entering a new phase of exploration at Luhala which,  coupled with our exploration successes elsewhere in the Lake Victoria  Greenstone Belt, points to a banner year for the company."

    The Phase 7 program consisted of nine diamond drill holes representing  ome 991 metres of drilling, all of which tested the eastern limb of the  Kisunge Main Zone.

    Final assay results for these holes are presented below:

    Kisunge Main Zone Eastern Limb:

@@start.t1@@      ------------------------------------------------------------------------
      Hole          From          To      Intercept          Gold                 Including
                         (m)         (m)          (m)         (grams/tonne)
      ------------------------------------------------------------------------
      LKD-08      45.20        66.65        21.45              0.60         1.50m @ 2.07 g/t
      ------------------------------------------------------------------------
      LKD-09      48.25        49.25         1.00              2.34
      ------------------------------------------------------------------------
      LKD-10      54.80        60.30         5.50              1.14         1.30m @ 3.22 g/t
                      63.00        67.50         4.50              1.97         2.40m @ 2.77 g/t
      ------------------------------------------------------------------------
      LKD-11            -              -              -                  -
      ------------------------------------------------------------------------
      LKD-12      54.00        63.10         9.10              1.22          2.44 @ 3.90 g/t
      ------------------------------------------------------------------------
      LKD-13      15.00        18.00         3.00              1.05
                      42.30        50.70         8.40              4.35          3.0m @ 7.89 g/t
      ------------------------------------------------------------------------
      LKD-14    118.50      123.50         5.00              0.56
      ------------------------------------------------------------------------
      LKD-15      36.60        39.67         3.07              6.87        1.44m @ 10.95 g/t
      ------------------------------------------------------------------------@@end@@

    The true width varies from 70-100% of intercept length.

    Holes LKD-08, 9, 10, 11 and 14 were drilled to test a thick, high grade  zone intersected previously in shallow RC holes and obtain an azimuth and  plunge to the mineralized shoot. Drilling has indicated that this gold shoot  has a shallow plunge with a northerly azimuth. Hole LKD-09 defines the  southern cut-off to the mineralization, and LKD-11 marks the northern cut- off, suggesting a strike length of at least 150 metres.

    Drill holes LKD-12, 13, 15 and 16 were drilled south of the above-noted  mineralization in an  area where RC drill rig access was not possible due to  the steepness of the  hill. Higher grade gold intersections (between 3.90g/t  and 10.95g/t) were  obtained along a strike of some 150 metres, with the zone  being open in both northerly and southerly directions. The trend of this  mineralization appears to be north-south but the plunge is unknown.

    Drill hole LKD-16 was collared at the same location as LKD-13 but with a  vertical dip. The purpose of this hole was to obtain the dip to the  mineralization which was determined to be quite shallow at approximately  -10 degrees to the east.

    Invaluable structural information was obtained from this diamond drilling program and due to the shallow dip to the gold-bearing body the  Company is planning an additional RC drill program that will commence in the  next few weeks. This program will test the depth extensions to this  higher-grade zone obtained in this drilling on the Kisunge Main Zone eastern  limb, as well as the depth extensions to the southern limb of the Main Zone.

    Holes are also planned to test the depth extensions of known mineralization on the Shilalo West and Shilalo South hills. The new Kiginga  Anomaly is also now accessible and will also be further drill tested.

    The RC drill is currently testing aeromagnetic anomalies in the Lunguya,  Ushirombo and Ushirombo West Project Areas as part of our kimberlite  exploration program. This work is expected to be completed by mid-September  2006.

    Qualified Person

    The Company's Qualified Person is Mr. John Deane, the President of Tanzanian Royalty Exploration Corporation Limited. He has an M.Sc. from the  University of Cape Town (1993) and is a registered scientist with SACNASP  (Reg. No.400005/05).

    Analysis

    Fire assay with flame AAS finish was conducted by Humac Laboratory in  Mwanza, Tanzania. Standards were inserted in the sample stream sent to Humac.  Duplicates of selected pulps from the mineralized zones have been forwarded  to SGS laboratory in Mwanza, and results are pending. Results from the  Standards indicate that 95% of the standards fall within 10% standard  deviation limits.

    Respectfully Submitted,

      "James E. Sinclair"
      James E. Sinclair
      Chairman and Chief Executive Officer

    Please see a diagram of the Luhala Project Area - Kisunge Hill by clicking below:

    http://files.newswire.ca/508/Luhala_Gold_Project.pdf

    Visit our website: www.TanzanianRoyaltyExploration.com

    The Toronto Stock Exchange and American Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of  this release.

    Cautionary Note to U.S. Investors - The United States Securities and  Exchange Commission permits U.S. mining companies, in their filings with the  SEC, to disclose only those mineral deposits that a company can economically  and legally extract or produce. We use certain terms on this news release,  such as "measured", "indicated", and "inferred" "resources" that the SEC  guidelines strictly prohibit U.S. registered companies from including in  their filings with the SEC. U.S. Investors are urged to consider closely the  disclosure in our Form 20-F, File No. 0-50634, which may be secured from us,  or from the SEC's website at http://www.sec.gov/edgar.shtml.

ots Originaltext: Tanzanian Royalty Exploration Corporation
Im Internet recherchierbar: http://www.presseportal.ch

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For further information: Investor Relations at +1-800-811-3855



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