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Tanzanian Royalty Receives Assay Results From MDN for Mnezeki
Project in Tanzania
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Tanzanian Royalty Exploration Corporation ("Tanzanian Royalty") is
pleased to announce that MDN Inc. ("MDN") has released further assay
results from its Mnezeki Project in the Tulawaka area of Tanzania which
is held under option from Tanzanian Royalty.

A total of 1,736 meters of RC drilling and 1,252 meters of RAB drilling
have been completed on the Mnezeki Project. The table below shows
certain encouraging results in addition to re-analysis (with asterisks)
of several holes completed in 2006 which had produced low grade
results.

Hole No From To Length Grade
(Meters) (Meters) (Meters) g/t gold
NPRAB-26 37 45 8 2.41
50 51 1 1.97
NPRAB-29 6 7 1 2.09
MKRC-06* 14 15 1 1.04
MKRC-09* 5 7 2 8.1
MKRC-13* 51 52 1 1.73
MKRC-20* 43 44 1 2.4
MKRC-26 51 52 1 1.56
MKRAB-08* 23 24 1 1.93
*Re-analyzed drilling results from 2006

Because of the nature of RC and RAB drilling it is difficult to
accurately determine the true width and orientation of the mineralized
intercepts in the preceding table.

Drilling was carried out on two adjacent licenses located on the
Mnezeki project which covers 109.8 km2 and is located approximately 20
km east of the Tulawaka Gold Mine. Although the results remain
preliminary, they show the presence of gold deposits of potential
significance, says MDN.

All samples were analyzed by fire assay at the SGS laboratories in
Tanzania, certified under international standards. A rigorous program
of analytical grade verification implemented by

MDN included 12% control samples. Drilling was carried out under the
management of geologist Laurent Millo, and supervised by geologist
Dominique Fournier, Ph.D., who acted as a qualified person in
accordance with NI 43-101.

Respectfully Submitted,

"James Sinclair"

James E. Sinclair
Chairman and Chief Executive Officer

For further information, please contact Investor Relations at
1-800-811-3855 Visit our website: www.TanzanianRoyaltyExploration.com

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.

Certain information presented in this release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on numerous assumptions, and involve known and
unknown risks, uncertainties and other factors, including risks
inherent in mineral exploration and development, which may cause the
actual results, performance, or achievements of the Company to be
materially different from any projected future results, performance, or
achievements expressed or implied by such forward-looking statements.
Investors are referred to our description of the risk factors affecting
the Company, as contained in our Form 20-F, File No. 0-50634, for a
more information concerning these risks, uncertainties, and other
factors.
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