Tanzanian Royalty's RC Drill Program Completed at Luhala - Diamond Drilling Contracts Sent Out for Tender

Vancouver, Canada (ots/PRNewswire) - Tanzanian Royalty Exploration
Corporation is pleased to announce that all assay results have been
received from the Phase 6 drill program completed in April on its
Luhala Gold Project in the Lake Victoria Greenstone Belt of
Tanzania.

This latest phase of drilling included 15 Reverse Circulation (RC)
drill holes representing some 986 metres of drilling.

All the RC holes were drilled in the Main Zone as no access was
available to further test the Kiginga Anomaly, a new discovery, due
to heavy rainfall. Three holes were drilled on the eastern limb of
the Main Zone and 12 holes on the southern limb.

"We are enormously pleased with the broad distribution of gold
values identified at Kisunge and intend to vigorously pursue further
delineation of the mineralized zones discovered there to date," said
Tanzanian Royalty Chairman and CEO, Jim Sinclair.

Recent assays for the Kisunge Main Zone include the following:

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Kisunge Main Zone
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Hole No. From To Intercept Gold Including
(metres) (metres) (metres) (grams/tonne)
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LRC-115 51 59 8 1.06
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LRC-116 45 49 4 0.78 1m (at) 1.45 g/t
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LRC-117 37 40 3 0.99
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LRC-119 10 18 8 1.91 6m (at) 2.35 g/t
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LRC-120 19 24 5 1.91 4m (at) 2.29 g/t
-------------------------------------------------------------------------
LRC-121 10 13 3 1.82 2m (at) 2.39 g/t
-------------------------------------------------------------------------
LRC-122 21 24 3 1.08
-------------------------------------------------------------------------
LRC-123 16 18 2 1.09
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LRC-126 32 43 11 1.38 5m (at) 2.33 g/t
-------------------------------------------------------------------------
LRC-127 1 11 10 1.31 3m (at) 2.50 g/t
-------------------------------------------------------------------------
LRC-127 53 55 2 1.26
-------------------------------------------------------------------------
LRC-128 17 21 4 1.43 2m (at) 2.36 g/t
-------------------------------------------------------------------------

Because of the nature of such drilling techniques, it is not
possible to determine the true width and orientation of the
mineralized intersections reported in this release.

It has now been determined that the southern limb to the Main Zone
represents a thinner, lower grade portion of the gold mineralization
established there to date, with the higher grades typically being
around the 2g/t level. This mineralization extends for a strike of
approximately 200 metres, according to Tanzanian Royalty President,
John Deane, who adds: "It has further been established that the main
ore shoot on the Main Zone is on the eastern limb."

Deane also notes that the strike length of this shoot is unknown
as access in the south is limited and "diamond drilling will be
required to confirm any extension in this direction." The known
strike length to date is approximately 200 metres, with grades and
thicknesses of up to 29 metres averaging 2.66 g/t including 13
metres averaging 3.77 g/t. This limb is known to dip steeply at
approximately 65 degrees, however, the plunge of the ore shoot has
yet to be determined.

To view a copy of the map, please visit
http://files.newswire.ca/77/Luhala.doc

Future Plans

Due to the shallow dip of the southern limb, further RC drilling
will be conducted to test the down-dip extension to the
mineralization. Diamond drilling will be required on the eastern
limb to test the strike of the mineralization to the south, and to
drill a series of shallow (150 metres) diamond drill holes to
determine the plunge to the shoot. This drilling is expected to
begin in July after the rainy season is over.

Diamond drilling tenders have been sent out for a minimum of 1,000
metres of NQ-sized core drilling at Luhala which could be expanded
depending on results. In addition, the Company has sent out tenders
for approximately 1,700 metres of NQ core drilling on its Itetemia
property which adjoins Barrick Gold's Bulyanhulu mine, one of the
largest underground gold producers in the world.

Analysis

Fire assay with flame AAS finish was conducted by SGS Laboratories
in Mwanza, Tanzania. Duplicates and Standards were inserted in the
sample stream sent to SGS. The duplicates have a positive
correlation coefficient of 99.2%. In addition, 95% of the standards
fall within the acceptable (5%) margins of error.

Qualified Person

The Company's Qualified Person is Mr. John Deane, the President of
Tanzanian Royalty Exploration Corporation Limited. He has a M.Sc.
from the University of Cape Town (1993) and is a registered
scientist with SACNASP (Reg. No.400005/05).

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.

For further information: Investor Relations at +1-800-811-3855;
Visit our website: www.TanzanianRoyaltyExploration.com;

To request a free copy of this organization's annual report,
please go to http://www.newswire.ca and click on Tools for
Investors./

ots Originaltext: Tanzanian Royalty Exploration Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Investor Relations at +1-800-811-3855; Visit
our website: www.TanzanianRoyaltyExploration.com