Tanzanian Royalty Clarifies Bloomberg News Service Article

SOUTH SURREY, BC, Apr 10 (MARKET WIRE) --
Tanzanian Royalty (AMEX: TRE) (TSX: TNX) would like to clarify some erroneous
information that appeared in an article carried by Bloomberg news service on
April 4, 2008 pertaining to its exploration activities in Tanzania.

Tanzanian Royalty has no intention whatsoever of raising capital through a
public share offering. In fact, the Company's Chairman and CEO, James E.
Sinclair, has stated publicly his intention to finance the Company through
ongoing private placements for as long as required.

The Company is continuing to discuss business opportunities with potential
royalty
partners for its strategically located land portfolio in the Lake Victoria
Greenstone Belt of Tanzania.

"At the present time, four entities have concluded Confidentiality
Agreements (CAs) with
the Company that will allow them to review technical data on our entire land
portfolio in Tanzania," Sinclair noted.

In addition, five other entities have signed CAs for specific projects, with
many
of the confidentiality agreements covering the same projects. (For a map showing
specific projects that are subject to CAs please visit the Projects Section of
the Company's website at: www.tanzanianroyalty.com).

"Although we are working hard to develop the mineral potential on our entire
portfolio of properties in Tanzania, we are focusing most of our fiscal
resources on our core project, Kigosi, which we consider to be the most
attractive gold exploration project in Tanzania at the present time," Sinclair
said.

Sinclair also confirmed that Tanzanian Royalty is being "courted by some
well-heeled mining entities" which in large part is due to its long and
successful track record in Tanzania which includes a sensitivity to the needs
of indigenous Tanzanians and the environment in which they work and live."

Respectfully Submitted,

"James Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer

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

Visit our website: www.TanzanianRoyaltyExploration.com

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 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.
0-50634. 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
involveknown and unknown risks, uncertainties and other factors, including risks
inherent in mineral exploration and development, which may cause the
actualresults, 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. 0-50634, for a more information concerning these risks, uncertainties,
and
other factors.

Distributed by Filing Services Canada and retransmitted by Marketwire

Connecticut Office:
93 Benton Hill Road
Sharon, CT 06069
Tel: (860) 364-1830
Fax: (860) 364-0673

Vancouver Office:
Suite 404 - 1688 152nd Street
South Surrey, BC V4A 4N2
Toll Free: 1-800-811-3855
Email: Email Contact
Website: www.TanzanianRoyaltyExploration.com
Tel: (604) 536-7873
Fax: (604) 536-2529

Form 20-F, File No. 0-50634
Trade Symbol:
TSX: TNX
AMEX: TRE

Copyright 2008, Market Wire, All rights reserved.

-0-