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Actionable news in TRX: TANZANIAN ROYALTY EXPLORATION CORPORATION,

Tanzanian Royalty Exploration: News Release Dated May 13, 2015

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Connecticut Office:

Form 20-F, File No. 001-32500

PO Box 577

Trade Symbol:

Sherman, CT 06784

Tel: (860) 364-1830

NYSE MKT: TRX

Fax: (860) 364-0673

Toronto Office:

Suite 4400, Scotia Plaza

40 King Street West

Toronto, Ontario M5H 3Y4

Toll free: 1-844-364-1830

Website:

www.TanzanianRoyaltyExploration.com

: investors@TanzanianRoyalty.com

Tanzanian Royalty Exploration Corporation Validates Heap Leach Process at Buckreef South Pit Gold Mine

Tanzanian Royalty Exploration Corporation (the Company) is pleased to announce today that assay results from leachant (pregnant solution) collected from its heap leach pads and the pregnant leachate solution (PLS) holding pond at its Buckreef South Pit mine processing plant returned highly encouraging results from the mineralizations response to heap-leaching. Assay results from Pad 2 are summarized in the chart below:

The Company found that the permeability and leaching degree of the pad material was improved by mixing river sand with the mineralized material on the pad. The assay results for samples collected from Pad 1 returned moderate values ranging from 0.3mg/l to 0.8mg/l over a 20 day period. This is attributed to the intensely clayey nature of the leach materials, hence the decision to improve permeability and percolation on Pad 2.

The Company has also commenced pumping and eluting the pregnant solution (leachant) generated from Pad 1 through the carbon elution columns, marking our second progressive step towards gold recovery on the Buckreef Gold project. Six (6) samples of the loaded carbon collected from Columns 1 to 6, respectively, returned assays as summarized in the table below:

Head Grade (PLS-mg/l)

Discharge Grade (BLS-mg/l)

SAMPLE_ID

ASSAY (g/t)

4-May-15

It is notable that the head grade (mg/l) from the pregnant leach solution in the PLS pond increases as the leaching progresses, and the discharge grade (mg/l) from the carbon columns into the barren leach solution (BLS) indicates >98% capture from the PLS.

Truck-stacking of material on Pad 3 (of 4) commenced on 6

May 2015 and is in progress. The strategy of the Company is to fill all four pads now at Buckreef, taking...


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