Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Prioritizes Exploration Targets in Kibara Nickel Belt

    Vancouver, Canada (ots/PRNewswire) -

    Trade Symbol:

    TSX:    TNX

    AMEX:  TRE

    The Company is pleased to report that it has prioritized exploration  targets on its holdings in the Kibara Nickel Belt in Tanzania following an  examination of historical data for the prospecting licenses.

    The Kibara belt hosts the Kabanga nickel deposit (Barrick Gold) which  was discovered by the United Nations Development Program (UNDP) during the  1970s. The discovery was made following a comprehensive geochemical and  geophysical program that identified a chain of coincident airborne magnetic  and geochemical anomalies within a 20-30 kilometre wide northeasterly  trending belt that extends for over 200 kilometres from Burundi in the  south, through western Tanzania, to Uganda in the north.

    In 2004, the Company recognized that base metal prices were set to move substantially higher and applied for open ground within the Kibara  nickel belt that was considered to be a favorable host for magnetic  anomalies.

    The Company's seven prospecting licenses represents a combined area of  4,434 square kilometers within the Kibara Fold Belt of northwestern  Tanzania. One of the Company's prospecting licenses is located within a  zone of two parallel magnetic highs that extends down to the Kabanga Nickel  deposit, while another license hosts a 50 kilometre long magnetic anomaly  with a geophysical signature of similar intensity to Kabanga. Moderate  nickel-in-soil anomalies are evident on some of the properties as well.

    "Tanzania's nickel potential is world class and the country's proximity to Asian markets will be a major driver of this segment of its  minerals industry for many years to come," said Jim Sinclair, Chairman and  CEO of Tanzanian Royalty. "The Company's nickel holdings will account for a  major part of our exploration budget in the years ahead and we are  optimistic that our exploration efforts will produce tangible results for  shareholders," he added.

    For further details on these properties and information on other projects in the Company's exploration portfolio, please visit our website  at: www.tanzanianroyaltyexploration.com.

    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

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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