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 m.martin@tanzanianroyalty.com
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.
