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Tanzanian Royalty Exploration Corporation

Tanzanian Royalty's RC Drill Program Completed at Luhala - Diamond Drilling Contracts Sent Out for Tender

Vancouver, Canada (ots/PRNewswire)

Tanzanian Royalty Exploration
Corporation is pleased to announce that all  assay results have been
received from the Phase 6 drill program completed in  April on its
Luhala Gold Project in the Lake Victoria Greenstone Belt of
Tanzania.
This latest phase of drilling included 15 Reverse Circulation (RC)
drill  holes representing some 986 metres of drilling.
All the RC holes were drilled in the Main Zone as no access was
available  to further test the Kiginga Anomaly, a new discovery, due
to heavy rainfall.   Three holes were drilled on the eastern limb of
the Main Zone and 12 holes on  the southern limb.
"We are enormously pleased with the broad distribution of gold
values  identified at Kisunge and intend to vigorously pursue further
delineation of  the mineralized zones discovered there to date," said
Tanzanian Royalty  Chairman and CEO, Jim Sinclair.
Recent assays for the Kisunge Main Zone include the following:
    Kisunge Main Zone
    Hole No.	 From 	To 	Intercept 	Gold 			Including
    			(metres) (metres) (metres) (grams/tonne)
    LRC-115 	  51 		59 	   8 		  1.06
    LRC-116 	  45 		49 	   4 		  0.78 	1m (at) 1.45 g/t
    LRC-117 	  37 		40 	   3 		  0.99
    LRC-119 	  10 		18 	   8 		  1.91 	6m (at) 2.35 g/t
    LRC-120 	  19 		24 	   5 		  1.91 	4m (at) 2.29 g/t
    LRC-121 	  10 		13 	   3 		  1.82 	2m (at) 2.39 g/t
    LRC-122 	  21 		24 	   3 		  1.08
    LRC-123 	  16 		18 	   2 		  1.09
    LRC-126 	  32 		43 	  11 		  1.38 	5m (at) 2.33 g/t
    LRC-127 	  1 		11 	  10 		  1.31 	3m (at) 2.50 g/t
    LRC-127 	  53 		55 	   2 		  1.26
    LRC-128 	  17 		21 	   4 		  1.43 	2m (at) 2.36 g/t
Because of the nature of such drilling techniques, it is not
possible to  determine the true width and orientation of the
mineralized intersections  reported in this release.
It has now been determined that the southern limb to the Main Zone
represents a thinner, lower grade portion of the gold mineralization
established there to date, with the higher grades typically being
around the 2g/t level. This mineralization extends for a strike of
approximately 200  metres, according to Tanzanian Royalty President,
John Deane, who adds: "It  has further been established that the main
ore shoot on the Main Zone is on  the eastern limb."
Deane also notes that the strike length of this shoot is unknown
as  access in the south is limited and "diamond drilling will be
required to  confirm any extension in this direction." The known
strike length to date is  approximately 200 metres, with grades and
thicknesses of up to 29 metres  averaging 2.66 g/t including 13
metres averaging 3.77 g/t. This limb is known to dip steeply at
approximately 65 degrees, however, the plunge of the ore shoot has
yet to be determined.
To view a copy of the map, please visit
http://files.newswire.ca/77/Luhala.doc
Future Plans
Due to the shallow dip of the southern limb, further RC drilling
will be  conducted to test the down-dip extension to the
mineralization. Diamond  drilling will be required on the eastern
limb to test the strike of the  mineralization to the south, and to
drill a series of shallow (150 metres) diamond drill holes to
determine the plunge to the shoot. This  drilling is expected to
begin in July after the rainy season is over.
Diamond drilling tenders have been sent out for a minimum of 1,000
metres  of NQ-sized core drilling at Luhala which could be expanded
depending on  results. In addition, the Company has sent out tenders
for approximately  1,700 metres of NQ core drilling on its Itetemia
property which adjoins  Barrick Gold's Bulyanhulu mine, one of the
largest underground gold producers  in the world.
Analysis
Fire assay with flame AAS finish was conducted by SGS Laboratories
in  Mwanza, Tanzania. Duplicates and Standards were inserted in the
sample stream  sent to SGS. The duplicates have a positive
correlation coefficient of 99.2%.   In addition, 95% of the standards
fall within the acceptable (5%) margins of  error.
Qualified Person
The Company's Qualified Person is Mr. John Deane, the President of
Tanzanian Royalty Exploration Corporation Limited. He has a M.Sc.
from the  University of Cape Town (1993) and is a registered
scientist with SACNASP   (Reg. No.400005/05).
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.
For further information: Investor Relations at +1-800-811-3855;
Visit our  website: www.TanzanianRoyaltyExploration.com;
To request a free copy of this organization's annual report,
please go to  http://www.newswire.ca and click on Tools for
Investors./

Contact:

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

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