Trade Symbol: TSX: TNX AMEX: TRE VANCOUVER, Feb. 5 /PRNewswire-FirstCall/ -- Tanzanian Royalty Exploration Corporation announces that Mr. James E. Sinclair has agreed to provide C$1 million by way of a private placement with the proceeds being applied to general working capital. Mr. Sinclair has agreed to purchase 167,196 common shares at a purchase price of $5.981 per share for proceeds totaling $1,000,000. The price reflects the greater of the weighted average trading price of the Company's shares for the five consecutive trading days ended February 4, 2008 of $5.981 and the closing price on February 4, 2008 of $5.80. In addition, Tanzanian Royalty advises that Mr. James E. Sinclair is proceeding with the fourth tranche of the private placement announced on August 10, 2006 whereby Mr. Sinclair agreed to purchase common shares of the Corporation representing an aggregate value of $3,000,000. Such shares are to be purchased in 8 quarterly tranches of $375,000 each, commencing February 1, 2007. The fourth tranche of the Placement will consist of 61,871 common shares of the Corporation having a purchase price of $6.061 per share for proceeds totaling $375,000. The purchase price reflects the greater of the 5-day weighted average trading price of the Company's shares for the quarterly period ended January 31, 2008 of $6.061 and the closing price on January 31, 2008 of $5.93. The placement common shares are subject to certain mandated hold periods and the certificates representing such shares are legended accordingly. No warrants, options or other rights have been issued or granted in connection with these placements. The private placements are 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 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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