Tanzanian Royalty Chairman and CEO Agrees to New CDN$3 Million Private Placement Subscription Agreement

Vancouver, Canada (ots/PRNewswire) - Tanzanian Royalty Exploration
Corporation is pleased to report that, following the completion in
January, 2007 of the 8th tranche of the current Private Placement
Subscription Agreement dated January 13, 2005 (the " Current
Agreement"), James E. Sinclair, Chairman and CEO of the Company, has
confirmed his intention to continue his regular investments in
Tanzanian Royalty by entering into a new Private Placement
Subscription Agreement with the Company (the "New Agreement") under
which he will subscribe for common shares of the Company for an
aggregate CDN$3,000,000. Under the New Agreement, Mr. Sinclair has
agreed to subscribe for eight (8) quarterly tranches of CDN$375,000
each, commencing February 1, 2007.

The pricing of each quarterly tranche will be based on the
weighted average trading price of the Company's common shares for
the last five consecutive trading days of each quarterly period.
Consistent with the Current Agreement, no warrants, options or other
rights are to be issued or granted, the placement common shares will
be subject to certain mandated hold periods and resale restrictions
and the certificates representing such shares will be legended
accordingly.

The new private placement and each of the quarterly tranches will
be subject to regulatory and stock exchange approval.

According to Mr. Sinclair, "My ongoing market-priced investments
in Tanzanian Royalty will ensure the company remains adequately
financed while pursuing its objective of becoming one of the world's
premium royalty companies with investment income from gold and other
mineral producing assets in the Republic of Tanzania."

Tanzanian Royalty Exploration is a unique, publicly-traded,
financial minerals exploration company whose business strategy is to
develop royalty income under partnership arrangements from its world
class gold, diamond and nickel assets in the Lake Victoria
Greenstone and Kabanga/Kagera Nickel Belts of Tanzania.

Respectfully Submitted,

"James E. Sinclair"

Chairman and Chief Executive Officer

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.

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

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