Tanzanian President Jacaya Kikwete Speaks on the Tanzanian Minerals Industry In Pretoria, South Africa

Vancouver, Canada (ots/PRNewswire) - Tanzanian President Jacaya
Kikwete played the leading role in the Government of Tanzania as
Minister of Energy and Minerals in the early 1990s in opening his
country to foreign direct investment in the mining sector and in
encouraging international companies to make long-term investment
commitments to his country. That initiative has attracted many
companies and yielded significant benefits for them and the people of
Tanzania. But, as the President has indicated in his latest speech,
it is important for companies to abide by all contracts undertaken
and to adhere to the laws of Tanzania. This includes, of course, the
payment of all appropriate taxes and the pursuit of all legal and
ethical actions that combine to demonstrate good corporate
citizenship.

Our company supports the President's stand. We see it as a
fundamental pillar of our governance approaches that we demonstrate
a solid long-term commitment to the peoples of the countries in
which we operate and that this comprehensively include adherence to
all of their laws and fiscal regulations. We are proud of our
relationship with the peoples of Tanzania and of the excellent ties
that have been forged with the government that reflect our
commitment to the highest standards of business ethics.

We interpret the President's most recent comments as being
supportive of international investment and the activities of mineral
exploration and production companies that act as we do in full
accord with the laws of Tanzania. We believe that companies that
take this approach will benefit in Tanzania.

President Kikwete's remarks under the headline "Fairness in Mining
Guaranteed -JK" can be reviewed on the web at:
http://www.ippmedia.com/ipp/guardian/2006/04/08/63820.html

Respectfully submitted,

James E. Sinclair, Chairman & CEO

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.

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

Contact:
For further information: please contact 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.