Tanzanian Royalty Drill Program Confirms Anomalous Gold Values at Luhala Over 1,200 Metres of Strike Length

Vancouver, Canada (ots/PRNewswire) - The Company is pleased to
announce that assay results have been received from the last phase of
drilling on its Luhala Gold Project in Tanzania. The assays confirm
that the Main Zone at Luhala hosts anomalous gold values along a
strike length of 1,200 metres, excluding a zone some 200 metres wide
where a barren dyke cuts across the mineralised trend.

"The Company is highly encouraged by the geographical extent of
the gold values encountered so far and we remain confident that
further drilling will enhance and expand the mineral potential that
we have already identified," said John Deane, president.

The last phase of drilling at Luhala, which the Company now refers
to as the "Phase 5" drill program, was completed in March 2006 and
included 12 Reverse Circulation (RC) holes representing some 689
metres of drilling. Eleven holes were drilled on the Main Zone at
Kisunge Hill and one hole at the recently discovered Kiginga anomaly.

"We consider Luhala a core property and are pulling out all the
stops to ensure it's being evaluated in a timely and methodical
fashion as we certainly don't want to miss anything," said the
Company's Chairman and CEO, Jim Sinclair.

"Our broadly focused exploration programs in Tanzania, which
involves the search for gold, base metals and diamonds, are certainly
drawing the attention of major companies - not to mention others
within our peer group - whose land positions simply can not compete
with ours," he added.

The holes in the Kisunge Main Zone were designed to intersect and
test the gold potential in the most prospective stratigraphic package
(rock unit) at a shallow depth as no trenching had been conducted in
this area before to establish near surface mineral potential.

One hole was drilled on each fence at right angles to the strike
of the zone at intervals of approximately 100 metres. Two holes were
drilled on one fence to determine the dip of the mineralisation which
is believed to be a moderate -35 degrees. It has further been
established that east-west reverse faulting has uplifted this
mineralisation which was once part of the Kisunge Main Zone.

Significant assays from the drill program are presented in the
following tables. Because of the nature of such drilling techniques,
it is not possible to determine the true width and orientation of the
mineralised intersections reported in this release. A map showing the
location of the various zones at Luhala is available at the following
link: http://www.tanrange.com/i/pdf/2006-03-22_NR.pdf

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Kisunge Main Zone
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Hole No. From To Intercept Gold Including
(metres) (metres) (metres) (g/t)
-------------------------------------------------------------------------
LRC-104 32 40 8 1.10
-------------------------------------------------------------------------
LRC-105 14 18 4 2.23
-------------------------------------------------------------------------
LRC-108 3 7 4 1.98
-------------------------------------------------------------------------
LRC-109 2 13 11 1.48 3m @
2.44 g/t
-------------------------------------------------------------------------
LRC-110 4 10 6 1.49 3m @
3.29 g/t
-------------------------------------------------------------------------
LRC-111 5 15 10 1.22 2m @
2.69 g/t
-------------------------------------------------------------------------
LRC-112 8 10 2 1.09
-------------------------------------------------------------------------
LRC-113 21 26 5 1.27
-------------------------------------------------------------------------
LRC-114 20 31 11 2.72 4m @
5.69 g/t
-------------------------------------------------------------------------

Kiginga Discovery:

One hole was drilled on the newly discovered Kiginga anomaly to
determine the strike direction of the mineralisation which has now
been confirmed as north-northwest with a sub-vertical dip. Although
there are at least five other zones to test at Kiginga, heavy rains
temporarily delayed drilling of these targets. At least four holes
are planned to evaluate the Kiginga mineralisation when ground
conditions dry out.

-------------------------------------------------------------------------
Kininga Anomaly
-------------------------------------------------------------------------
Hole No. From To Intercept Gold Including
(metres) (metres) (metres) (g/t)
-------------------------------------------------------------------------
LRC-103 28 32 4 0.98 1m @
2.09 g/t
-------------------------------------------------------------------------

Future Plans

The Company plans to evaluate the depth extent of the Kisunge Main
Zone wherever conditions allow for the positioning of its RC drilling
rig. Poor ground conditions within the project area precludes
drilling beyond a depth of 80 metres. Diamond drilling will be
required to drill beyond this depth, however, the Company expects it
will be able to drill another 12 RC holes on the Kisunge Main Zone
before a decision will have to be made about the diamond drill.

Qualified Person

The Company's Qualified Person is Mr. John Deane, the President of
Tanzanian Royalty Exploration Corporation Limited. He has a M.Sc.
from the University of Cape Town (1993) and is a registered scientist
with SACNASP (Reg. No.400005/05).

Analysis

Fire assay with flame AAS finish was conducted by SGS Laboratories
in Mwanza, Tanzania. Duplicates and Standards were inserted in the
sample stream sent to SGS. The duplicates have a positive correlation
coefficient of 98.4%. In addition, all of the standards fall within
the acceptable (5%) margins of error.

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.

Copyright (c) 2006 TANRANGE EXPLORATION (TNX) All rights reserved.

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 or visit our website:
www.TanzanianRoyaltyExploration.com; To request a free copy of this
organisation's annual report, please go to thttp://www.newswire.ca
and click on Tools for Investors