Connecticut Office: Toronto Office:
CONNECTICUT OFFICE: TORONTO OFFICE:
PO Box 577 82 Richmond Street East
Sherman, CT Toronto, Ontario
U.S.A. 06784 Canada, M5C 1P1
Phone: 1.844.364.1830 Toll Free: 1.844.364.1830
Fax : 1.860.799.0350
www.tanzanianroyalty.com
Tanzanian Royalty announces Michael E. Martin as
head of Investor Relations
FOR IMMEDIATE RELEASE January 16, 2018
TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE
MKT:TRX) (the “Company’) is pleased to announce Michael E. Martin has accepted the
position of head of Investor Relations for the Company. Mr. Martin has a distinguished career in
the Financial Services Industry, which spans more than thirty-seven (37) years. He has extensive
experience and knowledge in the precious metals and mining industries. In addition to these
specializations, he has a broad base of general experience as a licensed Financial Advisor.
Mike has had a successful and distinguished career from a young age. Early in Mike’s career, he
was a Registered Representative, Series 7, financial principal of a boutique brokerage firm
specializing in mining and resource investment and a chieved a management position. The f irm
was a formidable trader of Over -The-Counter (OTC) gold mining companies, and served many
European Banks, mutual funds, financial institutions, broker -dealers and high net -worth
individuals, worldwide. Thereafter, Mike’s career opportunities expanded and changed when he
moved to Toronto, which was rapidly becoming a global mining industry center. Mike ran a
sizeable and successful trading operation as part of the international trading desk for a large
integrated Canadian brokerage firm. Mike returned t o New York to work for another boutique
firm where he remain ed for over twenty (20) years. There, he continued to evolve a metal and
mining focused business providing mining analysis and commentary for the firm and his clients.
During this period, Mike wa s often quoted in the press by Bloomberg News, The New York
Times and other publications. Most recently, Mike has worked as a Financial Advisor for
Oppenheimer & Co. and Westport Capital Markets.
Mike is a highly regarded and respected financial advisor a nd analyst, and the Company is
pleased to welcome him to our corporate team.
For more information and updates, please see the Company website at:
www.tanzanianroyalty.com
Respectfully Submitted,
"James E. Sinclair"
James E. Sinclair
Executive Chairman
For further information, please contact Investor Relations:
1-844-364-1830
Cautionary Note Regarding Forward-looking Statements
Certain of the statements made herein may contain forward -looking statements or information within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, but not always, for ward-
looking statements and forward -looking information can be identified using words such as " plans" , " expects" , " is expected" , " budget" ,
" scheduled" , " estimates" , " forecasts" , " intends" , " anticipates" , or " believes" or the negatives thereof or variations of such words and phrases
or statements that certain actions, events or results " may" , " could" , " would" , " might" or " will" be taken, occur or be achieved. Forward-
looking statements or information herein include, but are not limited to the Positive Feasibility Study on Buckreef.
Forward-looking statements and forward -looking information by their nature are based on assumptions and involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement s of the Company
to be materially different from any future results, performance or achievements expressed or implied by such forward -looking
statements or information. We have made certain assumptions about the forward -looking statements and information and even
though our management believes that the assumptions made and the expectations represented by such statements or information
are reasonable, there can be no assurance that the forward -looking statement or information will prove to be
accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or
information. These risks, unc ertainties and other factors include, among others, the following: gold price volatility;
discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining
operational and development risk; litigati on risks; regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic clim ate;
dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral
claims or property, as well as those factors discussed in the sections entitled " Forward-Looking Statements" and " Risk Factors" in
the Company's Form 20-F Annual Report dated November 25, 2016.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the
forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward -
looking statements and information continually as conditions change and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
Cautionary Note Regarding Mineral Reserves and Mineral Resources
The terms " Mineral Reserve" , " Proven Mineral Reserve" and " Probable Mineral Reserve" used in this release are Canadian mining
terms as defined in accordance with National Instrument 43 -101 – Standards of Disclosure for Mineral Projects under the
guidelines set out in the Canadian Institute of Mini ng, Metallurgy and Petroleum (the " CIM" ) Standards on Mineral Resources and
Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM. These
definitions differ from the definitions in the United States Securities Exchange Commission (" SEC" ) Guide 7. In the United States,
a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the
time the mineral reserve determination is made.
The terms " Mineral Resource" , " Measured Mineral Resource" , " Indicated Mineral Resource" , " Inferred Mineral Resource" used in this
release are Canadian mining terms as defined in accordance with National Instruction 43 -101 – Standards of Disclosure for
Mineral Projects under the guidelines set out in the CIM Standards. Mineral Resources which are not Mineral Reserves do not
have demonstrated economic viability.
For a detailed discussion of Buckreef resource and reserve estimates and related matters see the Company's reports, including
the Form 20-F Annual Report dated November 25, 2016 and technical reports filed under the Company's name at our website at:
www.TanzanianRoyalty.com.
Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources
Note to U.S. Investors. While the terms " mineral resource" , " measured mineral resource," " indicated mineral resource" , and " inferred
mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United
States and normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information
contained in this report concerning descriptions of mineralization and resources under Canadian standards may not be
comparable to similar information made public by U.S companies in SEC filings. With respect to " indicated mineral resource" and
" inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic
and legal feasibility. It cannot be assumed that all or any part of an " indicated mineral resource" or " inferred mineral resource" will
ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all mineral deposits in these
categories will ever be converted into reserves.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the
forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward -
looking statements and information continually as conditions change and you are referred to the full discussion of the Company's
business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.