Re: News Release - Thursday, December 06, 2007
Title: Scowcroft Group to Assist Tanzanian
Royalty with Negotiations
Tanzanian Royalty is pleased to announce that The
Scowcroft Group has agreed to assist the Company in regard to identifying and
negotiating partnership arrangements with qualified third parties for its gold
and base metal exploration assets in the Republic of Tanzania.
The Scowcroft Group is managed directly by Brent Scowcroft, former National
Security Advisor to President George H.W. Bush and Gerald Ford. The company's
principals bring extensive experience in business and government, coupled with
extraordinary regional expertise in Asia, Latin America, Africa, Western and Eastern Europe, Russia,
and the Middle East. Additional information on
the Scowcroft Group and its principals is available on the company's website
at: http://www.scowcroft.com.
According to Tanzanian Royalty Chairman and CEO, James E. Sinclair, the
Scowcroft Group will provide guidance and research assistance relating to
negotiations that have been taking place with one or more parties. In addition,
Scowcroft will assist in searching out Asian, Middle Eastern and other
companies that are interested in the gold and nickel production potential of Tanzania.
Scowcroft has also agreed to assist Tanzanian Royalty in determining suitable
financing options for the exploration and development of its Kigosi Project
which recently returned some of the best gold values ever reported from the
Lake Victoria Goldfields of Tanzania.
"We are delighted that an advisory group of Scowcroft's caliber has agreed
to take on this assignment," Sinclair said. "At the same time, we
recognize that they are uniquely qualified to advise the Company with respect
to the cultural nuances that are so important in concluding mutually beneficial
partnerships with corporate entities from regions that are actively seeking to
develop new sources of supply for key industrial commodities."
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.
Copyright � 2007 TANZANIAN ROYALTY EXPLORATION
CORPORATION (TNX) All rights reserved. For more information visit our website
at http://www.tanzanianroyaltyexploration.com/
or send email to info@tanzanianroyaltyexploration.com
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