Tanzanian Royalty Chairman to Proceed With Sixth Tranche of CDN$3 Million Private Placement

Vancouver, Canada (ots/PRNewswire) - Tanzanian Royalty Exploration
Corporation advises that Mr. James E. Sinclair will proceed with the
sixth tranche of the private placement announced on January 13, 2005
(the "Placement") whereby Mr. Sinclair agreed to purchase common
shares of the Corporation representing an aggregate value of
CDN$3,000,000. Such shares are to be purchased in 8 quarterly
tranches of CDN$375,000 each, commencing February 1, 2005, of which
five tranches have been completed to date.

The number of shares comprising the sixth tranche of the Placement
and the price to be paid therefore will be determined on the basis
of the weighted average trading price of the Corporation's shares
for the five consecutive trading days ending July 31, 2006.

In the interim Mr. Sinclair has agreed to make available to the
Corporation an interest free advance of CDN$750,000, to be repaid
upon the completion of the remaining tranches of the Placement.

All private placement common shares are subject to certain
mandated hold periods and resale restrictions and the certificates
representing such shares are legended accordingly. No warrants,
options or other rights have been issued or granted in connection
with the Placement. Each tranche is subject to regulatory approval.

Respectfully Submitted,

"James E. Sinclair"

James E. Sinclair

Chairman and Chief Executive Officer

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.

www.tanzanianroyaltyexploration.com

Trade Symbol:

TSX: TNX

AMEX: TRE

ots Originaltext: Tanzanian Royalty Exploration Corporation
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Investor Relations at 1-800-811-3855; Visit
our website: www.tanzanianroyaltyexploration.com