VANCOUVER, Aug. 10 /CNW/ - The Company is pleased to announce the
appointment of Joseph K. Kahama as Senior Vice President of Tanzanian Royalty
A native of Tanzania, Mr. Kahama has served as president and director of
the Company's wholly-owned subsidiary, Tanzania American International
Development Corporation 2000 Ltd., since 1997. In his capacity as president,
Mr. Kahama has been responsible for corporate administration and also for
maintaining good relations with government, vendors, and the Company's various
business partners in Tanzania.
Mr. Kahama is a councilor at the Tanzania Chamber of Energy & Minerals
(TCME) where he represents the Company and its various Tanzanian subsidiaries.
In 2007, he was appointed to the Tanzania National Business Council (TNBC) and
the Local Investors Roundtable (LIRT) whose Chairman is the President of the
United Republic of Tanzania, Honourable Jakaya M. Kikwete. In 2006, Mr. Kahama
was appointed as a member and advisor to the China Africa Business Council
(CABC) which is headquartered in Beijing, Peoples Republic of China.
"We are delighted to have Mr. Kahama playing a senior role in the parent
company at this critical juncture in its history," said Tanzanian Royalty
Chairman and CEO, Jim Sinclair. "His knowledge of Tanzania - and more
specifically with the nation's growing relationship with the People's Republic
of China - is formidable to say the least and will serve the company well in
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
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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 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 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 a
more information concerning these risks, uncertainties, and other factors.
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