Trade Symbol: TSX: TNX AMEX: TRE VANCOUVER, Dec. 6 /PRNewswire-FirstCall/ -- Tanzanian Royalty is pleased to announce that The Scowcroft Group has agreed to assist the Company in regard to identifying and negotiating partnership arrangements with qualified third parties for its gold and base metal exploration assets in the Republic of Tanzania. The Scowcroft Group is managed directly by Brent Scowcroft, former National Security Advisor to President George H.W. Bush and Gerald Ford. The company's principals bring extensive experience in business and government, coupled with extraordinary regional expertise in Asia, Latin America, Africa, Western and Eastern Europe, Russia, and the Middle East. Additional information on the Scowcroft Group and its principals is available on the company's website at: http://www.scowcroft.com/. According to Tanzanian Royalty Chairman and CEO, James E. Sinclair, the Scowcroft Group will provide guidance and research assistance relating to negotiations that have been taking place with one or more parties. In addition, Scowcroft will assist in searching out Asian, Middle Eastern and other companies that are interested in the gold and nickel production potential of Tanzania. Scowcroft has also agreed to assist Tanzanian Royalty in determining suitable financing options for the exploration and development of its Kigosi Project which recently returned some of the best gold values ever reported from the Lake Victoria Goldfields of Tanzania. "We are delighted that an advisory group of Scowcroft's caliber has agreed to take on this assignment," Sinclair said. "At the same time, we recognize that they are uniquely qualified to advise the Company with respect to the cultural nuances that are so important in concluding mutually beneficial partnerships with corporate entities from regions that are actively seeking to develop new sources of supply for key industrial commodities." Respectfully Submitted, "James 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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