Down to $1.59 at one point with CIBC and Anonymous doing all the damage with over 6200 trades so far, mostly by computers. Opened at $3.58. Unbelievable !!!

Tanzanian Royalty Comments on Recent Trading Action in Company's Shares

November 10, 2011

Tanzanian Royalty Exploration wishes to report that there is no particular event other than a technical market situation that can explain the recent trading action in the Company's shares.

The Company is responding to a request from the Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the Toronto Stock Exchange (TSX) following recent trading activity.

Respectfully Submitted,

James E. Sinclair

President and Chief Executive Officer

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

visit our website: www.TanzanianRoyalty.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.