High Copper and Silver Values Compliment Previous Trenching Results From Tanzanian Royalty's Kibara Project

Vancouver, Canada (ots/PRNewswire) - Further assay results have
been received from an extensive trenching program carried out during
February and March on the Company's Kibara Gold Project in northern
Tanzania.

The latest results enhance and compliment the gold grades reported
in the Company's News Release of March 27, 2006 with the addition of
high copper and silver values.

"What we find intriguing about these trenching results is the
strong gold-copper-silver association and their proximity to a
potentially large porphyry intrusive that may have played a role in
the dissemination of high gold, copper and silver values in the
area," said the Company's president, John Deane.

As reported in the earlier news release, approximately 160 metres
of trenching, comprising 16 trenches, was completed during February
on the eastern side of the Nyakona Hill discovery near where several
grab samples in 2005 returned values up to 6.0 g/t gold and 13%
copper.

Samples were taken from 16 trenches at Nyakona Hill, each of which
contained quartz veining and/or gossanous (weathered) rock with
malachite (copper carbonate hydroxide) staining. The veins range from
a few centimetres to 30 centimetres in thickness and form a zone that
is approximately 10 metres wide. They are hosted within a southwest
trending volcanic sequence of rocks (tuff) that have a shallow dip to
the southeast. Trenching to date has exposed the vein system over a
distance of 180 metres and has identified a quartz feldspar porphyry
intrusive in close proximity to the system.

"The grade of the latest assays are consistent with past results
in terms of their overall significance, however, the silver values
are a very pleasant surprise and are obviously important from an
economic standpoint in this period of rising silver prices," noted
the Company's Chairman and CEO, Jim Sinclair.

"Also, it's important to keep in mind that in many of the world's
largest mineral belts, copper and silver are by-products of gold
mining and visa versa. So we are definitely looking in an exciting
environment from both a geological and an economic perspective," he
added.

The Kibara Project consists of four prospecting licenses totalling
some 377.6 square kilometres and is located within the southwest
extension of the Musoma-Mara greenstone belt of north-western
Tanzania. Producing gold mines within this belt include the North
Mara (Barrick) and Buhemba (Meremeta Ltd).

"We have good reasons to focus our exploration efforts on these
belts because their brief discovery history is unfolding similar to
that of major greenstone belts in Canada and Australia where numerous
precious and base metal deposits were found along established trends
for well over a century," said Deane.

The Kibara project area hosts a variety of rock types including
metavolcanics, BIF (Banded Iron Formation), metasediments and
granite. Gold mineralisation can be found associated with
Kavirondian-age metasediments in addition to narrow quartz veins and
stringers within a volcanic host.

"There appears to be a structural relationship to the
mineralisation at Nyakona Hill and the strong gold-copper-silver
association is especially intriguing because it's geologically
analogous to Barrick's Bulyanhulu mine and the Chocolate Reef deposit
in Tanzania," Deane observed.

In addition to the gold values reported previously, highly
significant copper and silver assay results were recently received
from the trenching program. Seventeen samples returned values greater
than 1% Cu; nine samples returned values greater than 5% Cu; and four
values were above 10% Cu (10.2; 13.5; 15.0; 27.4). Silver values
ranged from detection levels to 87 g/t (2.5 oz/ton).

All results reported from the quartz vein/gossan with malachite
staining proved to be anomalous. The hangingwall and footwall rock
samples were also slightly anomalous, suggesting that footwall
alteration (a sign of hydrothermal activity) has taken place outside
the vein structure which is significant in the context of the
potential size of the mineralised system.

For comparative purposes, the table below outlines all significant
gold assays reported earlier from the trenching program along with
the copper and silver values which were not available for the
previous Kibara news release.

Table 1: Significant Results from Kibara Trenching
-------------------------------------------------------------------------
Trench ID Sample Gold Copper Silver Remarks
No. (g/t) (%) (g/t)
-------------------------------------------------------------------------
KB132TR09 J-8102 3.4 9.20 6.6 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR05 J-8105 5.02 7.55 11.35 Quartz vein/gossan with
malachite/boxworks
-------------------------------------------------------------------------
KB132TR05 J-8107 10.2 6.01 8.85 Gossan with malachite
-------------------------------------------------------------------------
KB132TR04 J-8110 3.6 2.79 5.15 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR03 J-8113 1.55 10.45 15.05 Quartz vein/gossan
-------------------------------------------------------------------------
KB132TR03 J-8115 1.22 10.8 2.3 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR16 J-8120 5.78 27.14 33.3 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR02 E-10946 14.8 29.15 11.25 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR02 E-10949 1.34 9.50 3.25 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR12 J-4938 3.24 15.1 10.95 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR12 J-4939 2.38 13.55 9.65 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR12 J-4942 1.46 4.07 2.95 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR14 J-4949 3.65 1.61 14.3 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR14 J-4950 1.74 0.64 0.9 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR08 E-12302 1.31 5.34 4.3 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR13 E-12306 2.03 8.3 63.5 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR13 E-12307 2.33 0.18 17.7 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR13 E-12308 5.53 22.5 87.0 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR15 E-12310 4.55 10.0 24.1 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------
KB132TR15 E-12311 2.89 1.07 5.05 Quartz vein/gossan
with malachite
-------------------------------------------------------------------------

Biogeochemistry Program Completed

The Company recently completed a large regional biogeochemistry
(BGC) program over the project area to help fingerprint the extent of
this mineralised zone and facilitate a decision on drilling. These
results should be available in the next few months.

Qualified Person

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

Analysis

Base metal samples were analysed by conventional Atomic Absorption
techniques while gold samples were analysed by fire assay with an
Atomic Absorption finish. All analyses were undertaken by Humac
Laboratories in Mwanza, Tanzania.

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 US Investors - The United States Securities and
Exchange Commission permits US 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 US registered
companies from including in their filings with the SEC. US 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:
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