Tanzanian Royalty to Prepare 43-101 Compliant Technical Reports for Kibara and Lunguya

• Press Release
• Source: Tanzanian Royalty Exploration Corporation
• On 4:33 pm EDT, Thursday September 24, 2009

SOUTH SURREY, British Columbia--(BUSINESS WIRE)--The Company wishes to report that it has retained the services of an independent consultancy to prepare National Instrument 43-101 compliant technical reports for its Kibara and Lunguya gold properties in the Lake Victoria Greenstone Belt of Tanzania.

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Both properties are located in geological environments that are known to host significant gold deposits including producing mines. The 43-101 compliant technical reports will be utilized to guide aggressive exploration programs on the properties in the coming months.

Just recently, the Company filed a 43-101 compliant technical report for its Ushirombo project which is available on SEDAR via the following link: http://www.sedar.com/issuers/company_issuers_t_en.htm.

For further information, please contact Investor Relations at 1-800-811-3855

Visit our website: www.TanzanianRoyaltyExploration.com

The Toronto Stock Exchange and NYSE Amex Equities 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 limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 001-32500. You can review and obtain copies of these filings 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. 001-32500, for more information concerning these risks, uncertainties, and other factors.

Tanzanian Royalty Exploration Corporation
Connecticut Office:
Tel: (860) 364-1830
Fax: (860) 364-0673
or
South Surrey Office:
Toll Free: 1-800-811-3855
Tel: (604) 536-7873
Fax: (604) 536-2529
investors@TanzanianRoyaltyExploration.com
www.TanzanianRoyaltyExploration.com