Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Reports High Grade Results From Kigosi Project

    Vancouver (ots/PRNewswire) - Tanzanian Royalty Exploration Corporation is pleased to announce that  impressive assay results have been returned from six, shallow reverse  circulation drill holes completed late last year on its Luhwaika prospect  within the Kigosi Project Area in the Lake Victoria goldfields of Tanzania.

    "These results confirm our high initial expectations for the Kigosi property and we are confident they will provide a basis for further successes in the coming months," said the Company's President, John Deane.

    The Luhwaika prospect is hosted within the Kigosi-Miyabi greenstone belt near the dominant Kigosi-Haneti litho-tectonic boundary. This geological boundary is seen as an important regional control for gold mineralization and has been compared to the Cadillac fault zone in the Abitibi Greenstone Belt  of Canada, historically a major gold producing region. The Miyabi gold  project of Golden Eagle Resources is situated within the same geological  boundary to the southeast of the Company's Luhwaika/Igunda workings.

    Overview

    As reported previously, the Phase 1 RC drill program at Kigosi is focusing on an area immediately adjacent to artisanal workings at both the Luhwaika and Igunda prospect areas. However, because of heavy rains access to the Igunda prospect is not possible at the present time so the drill program is currently restricted to three 800 meter-spaced traverse lines within the Luhwaika Prospect. The aim of this phase of drilling is to test the strike continuity of the Luhwaika reef system which has never been drilled in the past.

    The Luhwaika workings are the largest in the entire project area, with sporadic artisanal activity spread along a strike length of approximately 1,200 meters. The gold mineralization is spatially related to a granite-greenstone contact and appears to be hosted by zones of stockwork granite and a highly altered quartz-sericite schist.

    "To my knowledge, there has never been a significant gold depositdiscovered in Tanzania that didn't have artisanal workings associated  with it so we are off to a very good start," said Jim Sinclair, Chairman and  CEO of Tanzanian Royalty.

    As observed from shallow (up to 20 meters deep) artisanal shafts, it appears that at least two sub-parallel zones exist, namely the Luhwaika Main Reef and the Luhwaika West Reef. These zones are confirmed by soil  geochemical data which extended the Luhwaika mineralization to over 3.0  kilometers along strike in a north-northwesterly direction. Please refer to  the following link  h ttp://www.tanzanianroyaltyexploration.com/i/maps/LuhwaikaIgunda-Geo.j pg for  a map showing the Luhwaika reef.

    Wall rock alteration adjoining the reef includes silicification, sericitization and sulphidation (predominantly pyrite). Local zones of  intense hematization can be observed, separated by quartz stockwork and  veined biotite-granite containing up to 15% pyrite disseminations.

    The results presented below are highlights of 15 shallow RC holes totaling 596 meters drilled along a single traverse line. Drilling was  stopped to allow for the year-end break in fieldwork and will recommence  within the next two weeks.

    "I have to congratulate our exploration staff who managed to complete this initial phase of drilling in what can only be described as a highly unusual rainy season. It's a testament to their desire to make Kigosi an outstanding success that they completed this amount of work under such  adverse conditions," Sinclair said.

@@start.t1@@        Luhwaika Main Reef - Kigosi Project Area
        Hole No.                From         To        Intercept         Gold         including
                                      (m)         (m)          (m)              (g/t)
        KG20RC-008            16.00      18.00         2.00              6.13
        KG20RC-009              0.00        4.00         4.00              3.03
        KG20RC-009            17.00      18.00         1.00              1.11
        Luhwaika West Reef - Kigosi Project Area
        Hole No.                From         To        Intercept         Gold         including
                                      (m)         (m)          (m)              (g/t)
        KG20RC-011            23.00      26.00         3.00              3.51        1m 8.90g/t
        KG20RC-012              9.00      11.00         2.00              5.76
        KG20RC-012            17.00      18.00         1.00              8.15
        KG20RC-013B          34.00      37.00         3.00            11.63
        KG29RC-014            50.00      53.00         3.00              4.04@@end@@

    Drilling within the Luhwaika Main Reef, indicates the reef to be flat, with a gentle dip towards the southwest and a true thickness of 1-2 meters. Mineralization is hosted by a sheared, highly silicified and sericitized granite, with gold values ranging from 1.11 to 6.13 g/t.

    The Luhwaika West Reef, which sub-outcrops approximately 200 meters to the southwest of the Luhwaika Main Reef, is essentially a mineralized quartz vein, dipping 30 degrees to the southwest, with a true thickness of 2-3  meters and with gold values ranging from 3.51 to 11.63 g/t.

    As stated by John Deane, "we are highly encouraged by the drill results received so far and we look forward to resuming this drill program by the end of this month, weather and access permitting."

    Analysis

    Fire assay with flame AAS finish was conducted by Humac Laboratories in Mwanza, Tanzania. Duplicates and Standards were inserted in the sample stream sent to Humac, and subsequent analysis shows the standards to fall within analytically acceptable (5% standard deviation) limits.

    Qualified Person

    The Company's Qualified Person is Mr. Peter Chadwick, M.Sc. University  of Cape Town, a registered scientist with SACNASP (Reg. No. 400082/93) and a Fellow of the Society of Economic Geologists with 23 years post-graduate experience. Mr. Chadwick personally undertook and managed the Kigosi drill program, in addition to the geological logging and sampling of the rock chips.

    Respectfully Submitted,

    "James E. Sinclair"

    James E. Sinclair

    Chairman and Chief Executive Officer

    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

Contact:
For further information: Investor Relations at +1-800-811-3855; Visit
our website: www.TanzanianRoyaltyExploration.com



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