Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Chairman to Proceed With Sixth Tranche of CDN$3 Million Private Placement

    Vancouver, Canada (ots/PRNewswire) - Tanzanian Royalty Exploration Corporation advises that Mr. James E.  Sinclair will proceed with the sixth tranche of the private placement  announced on January 13, 2005 (the "Placement") whereby Mr. Sinclair agreed  to purchase common shares of the Corporation representing an aggregate  value of CDN$3,000,000. Such shares are to be purchased in 8 quarterly tranches of CDN$375,000 each, commencing February 1, 2005, of which five  tranches have been completed to date.

    The number of shares comprising the sixth tranche of the Placement and  the price to be paid therefore will be determined on the basis of the  weighted average trading price of the Corporation's shares for the five  consecutive trading days ending July 31, 2006.

    In the interim Mr. Sinclair has agreed to make available to the Corporation an interest free advance of CDN$750,000, to be repaid upon the  completion of the remaining tranches of the Placement.

    All 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 the Placement. Each tranche is subject to regulatory approval.

    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 US Investors - The United States Securities and Exchange Commission permits US 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 US registered companies from  including in their filings with the SEC. US 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.


    Trade Symbol:

    TSX:  TNX


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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