Tanzanian Royalty Changes NYSE-AMEX Trading Symbol to TRX to Avoid Confusion with Other Listed Company

Tanzanian Royalty Exploration Corporation wishes to announce that it has received approval to change its NYSE-AMEX trading symbol from TRE to TRX. The change will be implemented in order to avoid confusion with the Toronto Stock Exchange (TSX) listed Sino-Forest Corporation whose trading symbol is also TRE. There is no connection whatsoever between Tanzanian Royalty and Sino-Forest Corporation.

The change will take effect June 15, 2011 after which the company’s trading symbol on the NYSE-AMEX will be TRX. The trading symbol on the TSX will remain the same, namely TNX.

Respectfully Submitted,

Joseph KahamaChairman and Chief Operating Officer (Tanzania)

For further information, please contact Investor Relations at 1-800-811-3855

Visit our website: www.TanzanianRoyaltyExploration.com

The Toronto Stock Exchange and NYSE Amex Equities 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 limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 001-32500. You can review and obtain copies of these filings 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 No. 001-32500, for more information concerning these risks, uncertainties, and other factors.