Tanzanian Royalty Awarded Environmental Impact Assessment Certificate for Buckreef Project

Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) is pleased to
announce that Buckreef Gold Company Limited has been awarded the Environmental
Impact Assessment Certificate for its Buckreef Gold Project in Tanzania.


Receipt of this Certificate is the final approval necessary and confirms that
all requirements for mining on the Buckreef Gold Mine project area have been
fulfilled.


Buckreef Gold Company Limited is a joint venture company owned by Tanzanian
Royalty Exploration Corporation and the State Mining Corporation (STAMICO),
representing the Government of The United Republic of Tanzania.


"As a shareholder you may be asking yourself, 'what does this achievement mean
and what importance does it have?' Well, this achievement means that your
Company is making material progress on the critical development path at Kigosi."


The Environmental Impact Assessment Certificate was issued and signed by The
Minister of State, Vice-President's Office-Environment, The Honourable Eng. Dr.
Binilith Satano Mahenge (MP) and was received on the 27th of May, 2014. The
process of obtaining an Environmental Impact Assessment Certificate is complex
and involves multiple independent consultants, stakeholders and institutions,
which have all given their stamp of approval for production at the Buckreef
site, including .the professional national environmental body and the National
Environment Management Council ("NEMC").


In a message to shareholders, Mr. Joseph Kahama, Chairman and COO (Tanzania)
said: "Your Company takes great pride in being partners with STAMICO in the
Buckreef Project and plans to make every effort to continue its advancement to
production and returning value to all its shareholders. I look forward to
exciting times ahead and to keeping you abreast of developments as we move
steadily forward."


Respectfully submitted,

Joseph Kahama, Chairman and Chief Operating Officer (Tanzania)

The Toronto Stock Exchange and NYSE MKT LLC 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 SEC filings. You
can review and obtain copies of these filings from the SEC's website at
http://www.sec.gov/edgar.shtml.


This news release contains certain forward-looking statements and
forward-looking information. All statements, other than statements of historical
fact, included herein are forward-looking statements and forward-looking
information that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents filed from
time-to-time with the British Columbia, Alberta and Ontario provincial
securities regulatory authorities.


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 SEC filings, including our annual report on Form 20-F and Registration
Statement on Form F-10, as amended, for more information concerning these risks,
uncertainties, and other factors.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tanzanian Royalty Exploration Corporation
Investor Relations
1-844-364-1830
www.TanzanianRoyalty.com