Trade Symbol: TSX: TNX AMEX: TRE VANCOUVER, June 22 /PRNewswire-FirstCall/ -- Tanzanian Royalty announces that Mr. James E. Sinclair, Chairman and CEO, will make an interest free advance to the Corporation of $1,500,000, having advanced today $1,100,000, and a further $400,000 to follow by June 29, 2007. As previously announced, Mr. Sinclair has agreed to purchase common shares of the Corporation representing an aggregate value of $3,000,000. Such shares are to be purchased in eight quarterly tranches of $375,000 each, the first tranche of which completed on May 28, 2007. Including this $1,500,000 advance, Mr. Sinclair's interest free advances to the Corporation total $3,117,000 which is to be applied towards the aggregate $3,000,000 private placement and an interest free loan in the amount of $117,000. 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 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 a more information concerning these risks, uncertainties, and other factors. CONTACT: Investor Relations at 1-800-811-3855, Visit our website: http://www.tanzanianroyaltyexploration.com/ DATASOURCE: Tanzanian Royalty Exploration Corporation CONTACT: Investor Relations at 1-800-811-3855, Visit our website: http://www.tanzanianroyaltyexploration.com/

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