Tanzanian Royalty Announces Closing of the Sale of $281,000 in Common Shares

Tanzanian Royalty Announces Closing of the Sale of $281,000 in Common

Shares

TORONTO, March 04, 2019 -- Tanzanian Royalty Exploration Corporation's (TSX:TNX) (NYSE AMERICAN:TRX) (the

"Company’s”) Board of Directors is pleased to announce that it has completed the sale of 625,557 common shares raising

$281,000 in the aggregate previously announce in its press release of February 27, 2019.

The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the

Buckreef Project.

Respectfully Submitted,

"James E. Sinclair"

James E. Sinclair

Executive Chairman

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

visit the Company website at www.tanzanianroyalty.com  

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.TanzanianRoyaltyExploration.com