Tanzanian Royalty Announces 2019 Annual Meeting Presentation is Now Available on the Corporate Website

Tanzanian Royalty Announces 2019 Annual Meeting Presentation is Now Available

on the Corporate Website

TORONTO, March 11, 2019 (GLOBE NEWSWIRE) -- Tanzanian Royalty Exploration Corporation (hereinafter, “The Company”) (TSX:

TNX) (NYSE MKT:TRX) is pleased to announce that it has posted on the company website a video presentation from the 2019 AGM by

Ulrich Rath, Technical Director, about the Buckreef Project and the dual objective drill program currently underway.

Please follow the link below to view:

http://www.tanzanianroyalty.com/2019/03/11/agm-2019-video-playback/

Respectfully Submitted,

James E. Sinclair, Executive Chairman

Tanzanian Royalty Exploration Corporation

For further information, please contact Michael Martin, Investor Relations at 860-248-0999, email [email protected]

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, forward- 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, the timing and the results of the proposed drilling

program.

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 achievements 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, uncertainties 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; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of

sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; 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 29, 2018.

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 security’s 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 Mining, 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 29, 2018 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.

CONNECTICUT OFFICE:  TORONTO OFFICE:

PO Box 577 82 Richmond Street West

Sherman, CT Suite 208

U.S.A.  06784  Toronto, Ontario M5C 1P1

Fax: (860) 799-0350  Toll Free (844) 364-1830

[email protected]  www.tanzanianroyalty.com