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Tanzanian Gold Announces Closing of the Sale of $1,530,700 in Common Shares

TORONTO, May 03, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that it has completed the sale of 2,316,084 common shares raising $1,530,700 in the aggregate previously announced in its press release of April 30, 2019.  The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project.

Respectfully Submitted,

“James E. Sinclair”

James E. Sinclair
Executive Chairman

For further information, please contact Michael Martin, Investor Relations, m.martin@tangoldcorp.com, 860-248-0999, or visit the Company website at www.tangoldcorp.com  

PO Box 577        Bay Adelaide Centre, East Tower
U.S.A.  06784    22 Adelaide Street West, Suite 3400
Sherman, CT      Toronto, Ontario M5H 4E3 Canada
U.S.A.  06784    Toll Free (844) 364-1830
investors@tangoldcorp.com    www.tangoldcorp.com