Trade Symbol: TSX: TNX AMEX: TRE VANCOUVER, Nov. 5 /PRNewswire-FirstCall/ -- Tanzanian Royalty wishes to announce that the recent passing of a bill by the U.S. House of Representatives requiring hard-rock mining companies to pay non-profit based royalties on minerals extracted from public lands will have no material impact on the company whatsoever. The Company's mineral assets are located in Tanzania whose laws are designed to foster development of its mineral resources under a fiscal regime that returns real benefits to all stakeholders without compromising the country's environment. "Similar laws have been put forward in the United States many times before and it will face strong opposition in the Senate and a White House veto as well," noted Tanzanian Royalty CEO, Jim Sinclair. "The enactment of this shortsighted legislation would only serve to increase American dependence on foreign sources of industrial commodities just like the nation has for oil." Tanzanian Royalty has operated in the Republic of Tanzania for well over a decade and its exploration assets are located in some of the country's most prospective mineral belts. Tanzania sees the minerals industry as a key driver behind its efforts to improve the economic well being of its people at a time when demand for mineral commodities has reached historic levels. Respectfully Submitted, "James E. Sinclair" James E. Sinclair Chairman and Chief Executive Officer Visit our website: http://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 # 0-50634, which may be secured from us, or 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 # 0-50634, for more information concerning these risks, uncertainties, and other factors. CONTACT: Investor Relations at 1-800-811-3855 DATASOURCE: Tanzanian Royalty Exploration Corporation CONTACT: Investor Relations at 1-800-811-3855

Copyright