Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Chairman Completes Fifth Tranche of C$3 Million Private Placement and C$1 Million Private Placement

    Vancouver, Canada (ots/PRNewswire) -

      Trade Symbol:
      TSX:  TNX
      AMEX: TRE

    Tanzanian Royalty Exploration Corporation confirms that the fifth tranche of the private placement by James E. Sinclair, Chairman and CEO,  announced on May 2, 2006 and the $1,000,000 private placement by Mr.  Sinclair, announced on May 3, 2006 have now closed.

    Inclusive of the proceeds of the fifth tranche and the $1 million private placement, Mr. Sinclair's total share placements to date aggregate  over C$10.2 million.

    The private placement common shares are subject to certain mandated  hold periods and resale restrictions and the certificates representing such  shares are legended accordingly. No warrants, options or other rights have  been issued or granted in connection with this placement.

    Respectfully Submitted,

    "James E. Sinclair"

    James E. Sinclair

    Chairman and Chief Executive Officer

    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.

    To request a free copy of this organization's annual report, please go  to http://www.newswire.ca and click on Tools for Investors.

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

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

Weitere Meldungen: Tanzanian Royalty Exploration Corporation

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