Tanzanian Royalty Exploration Corporation

Tanzanian Royalty Announces Second Quarter Startup for Kabanga Nickel Program

    Vancouver, Canada (ots/PRNewswire) -

    TSX: TNX


    The Company is pleased to announce that a decision has been made to  commence work on its extensive nickel holdings in Tanzania during the  second quarter of 2007. The decision coincides with an announcement by  Xstrata and Barrick to proceed with a pre-feasibility study for their  Kabanga Nickel Project which is situated within the same belt of rocks that  hosts Tanzanian Royalty's nickel licenses.

    "The spectacular grade and size potential of the Xstrata-Barrick Kabanga project speaks to the exploration potential of this world-class  nickel belt which from an exploration standpoint has barely been touched,"  said Tanzanian Royalty Chairman and CEO, Jim Sinclair.

    "Without a doubt, the timing of our acquisition program in the Kabanga  Nickel Belt was fortuitous and the decision by Xstrata-Barrick to proceed  to the next stage of development at Kabanga will undoubtedly focus world  attention on the entire belt."

    The Kabanga nickel deposit was discovered by the United Nations during  the 1970s 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, Tanzanian Royalty recognized that base metal prices were set  to move substantially higher and applied for open ground within the Kabanga  belt that was considered to be a favorable host for magnetic anomalies.

    The Company's seven prospecting licenses represent a combined area of  4,434 square kilometers within the Kabanga nickel belt. 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.

    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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