Trading on the American Stock Exchange (AMEX), Tanzanian Royalty Exploration Corporation is a financial gold company whose business strategy is to acquire royalty interests in gold production from their core assets. These assets are in the Lake Victoria Greenstone Belt of Tanzania. This Belt is considered prospective for precious metals, base metals, and diamonds. With a market capitalization of $241.60 million, the company has their corporate headquarters in Surrey, British Columbia.

Tanzanian Royalty’s strategy is to develop their licenses under royalty agreements with industry partners. They have royalty agreements with Barrick Gold and Northern Mining Explorations. The company is also the largest individual landholder in the Kabanga Nickel Belt of Tanzania. This Belt is home to the high-grade Kabanga Nickel Project, which is a joint venture between Xstrata and Barrick Gold.

Founded in 1990, the company was formerly Tan Range Exploration Corporation and changed their name to Tanzanian Royalty Exploration Corporation in 2006. They are today one of the largest landholders in the prolific Lake Victoria Greenstone Belt goldfield. Tanzanian Royalty has chosen to pursue royalty interests rather than percentage interests or participating interests in mineral projects because the latter are very high risk. Their royalty strategy can offer investors low-risk leverage to gold prices, limited shareholder dilution, and the potential to have their shares valued at a premium in the marketplace.

Tanzanian Royalty has highly qualified and experienced exploration staff, and their own rotary drilling rig. They also have a dedicated facility for the preparation of bio-geochemical samples. This innovative technology has the capability to detect mineral potential beneath deep overlays.

In July, the company announced that all assay results have been received from the Phase 6 Reverse Circulation drill program at Kigosi, which was completed on June 3, 2008. The Kigosi drill program continues to generate near surface, high-grade gold values in previously established gold shoots. Tanzanian Royalty believes that Kigosi represents another large gold belt in the Lake Victoria Goldfields of Tanzania.

James E. Sinclair, Chairman, and CEO, said, “The new target area adds an entirely new dimension to Kigosi which we intend to advance aggressively in the coming year. As an added bonus, it is highly encouraging to see a continuation of the high grade gold values we are encountering on other parts of the property which I feel is a testament to Kigosi’s bulk tonnage potential.”

Tanzanian Royalty Exploration Corporation continues to pursue their strategy of developing royalty income. They are engaging in the acquisition and exploration of natural resource properties while at the same time focusing on their gold properties in Tanzania. They believe the royalty treatment will further their business model and provide the profits their investors’ desire.

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