Tanzanian Royalty Announces Appointment of New CFO

TORONTO, ONTARIO–(Marketwired – Dec. 31, 2014) – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) is pleased to announce that Marco Guidi has been promoted to Chief Financial Officer of the Company. Mr. Guidi, a Chartered Accountant with both large and boutique accounting firm experience, has provided Corporate Controller accounting and other financial services to the Company for several years and is very familiar with its financial processes and controls. Mr. Guidi is well respected within the accounting industry and has existing working relationships with all of the Company’s independent accounting advisors, auditors and tax advisers. The Company welcomes Marco to its senior management team.