Proposed US Mining Law Reinforces Tanzanian Royalty's Strategy to Focus on Republic of Tanzania

    Trade Symbol:
    TSX: TNX
    AMEX:   TRE

    VANCOUVER, Nov. 5 /CNW/ - Tanzanian Royalty wishes to announce that the
recent passing of a bill by the U.S. House of Representatives requiring
hard-rock mining companies to pay non-profit based royalties on minerals
extracted from public lands will have no material impact on the company
    The Company's mineral assets are located in Tanzania whose laws are
designed to foster development of its mineral resources under a fiscal regime
that returns real benefits to all stakeholders without compromising the
country's environment.
    "Similar laws have been put forward in the United States many times
before and it will face strong opposition in the Senate and a White House veto
as well," noted Tanzanian Royalty CEO, Jim Sinclair. "The enactment of this
shortsighted legislation would only serve to increase American dependence on
foreign sources of industrial commodities just like the nation has for oil."
    Tanzanian Royalty has operated in the Republic of Tanzania for well over
a decade and its exploration assets are located in some of the country's most
prospective mineral belts. Tanzania sees the minerals industry as a key driver
behind its efforts to improve the economic well being of its people at a time
when demand for mineral commodities has reached historic levels.

    Respectfully Submitted,
    "James E. Sinclair"
    James E. Sinclair
    Chairman and Chief Executive Officer

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    The Toronto Stock Exchange and American Stock Exchange have not reviewed
    and do not accept responsibility for the adequacy or accuracy of this

    Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. We use certain terms on this news release,
such as "measured", "indicated", and "inferred" "resources" that the SEC
guidelines strictly prohibit U.S. registered companies from including in their
filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in our Form 20-F, File No. 0-50634, which may be secured from us,
or from the SEC's website at
    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 Form 20-F, File No. 0-50634, for
more information concerning these risks, uncertainties, and other factors.

For further information:

For further information: Investor Relations at 1-800-811-3855

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