Tanzanian Royalty Exploration Corporation - Viyonza Property

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Viyonza Property

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Viyonza Property

NEW HIGH-GRADE GOLD INTERSECTIONS AND MINERALIZED ZONES DISCOVERED AT VIYONZA PROJECT IN TANZANIA

MDN recently announced some high-grade gold intersections from a drill program on the Viyonza project 15 km north of the Tulawaka Gold Mine in Tanzania which is the subject of a royalty agreement with Tanzanian Royalty. According to MDN, the project operator, "These results clearly indicate the continuity of the mineralized horizons, opened laterally and at depth."

A program consisting of 1,434 metres in 10 diamond drill holes ("DD") holes, 2,000 metres in 20 reverse circulation drill holes ("RC") holes, 2,296 metres in 48 rotary air blast drill holes ("RAB") was completed in September and October at Viyonza to define the mineralization in "Block A" and better understand the controlling geological structures. The RC and RAB holes respectively increased the size of the gold discovery in Block A and identified new gold structures at distances of 3 and 4 km.

Main mineralized zone in Block A

Primary gold mineralization in block A is dominantly hosted by quartz veins associated to sulphides within shear zones dominantly in the gabbro and in mafic tuff close to a granodiorite intrusion. Visible gold was seen in holes NTDD-03 and NTDD-04. Mineralization is steeply dipping and true thicknesses of the intersections are 90% or more of the intersected lengths. Best results are listed in the table below.

Drill hole	From (m)	To (m)	Intersected Width (m)	Grade (g/t Au)	Location and comments
NTDD-01	32.00	34.00	2.0	9.91	Block A - Section 400W: twinning NTRAB-14
and	72.60	73.00	0.4	1.89	New intersection at depth
NTDD-02	37.00	37.50	0.5	7.40	Block A - Section 400 W
and	82.00	83.00	1.0	1.24	Extension at depth
NTDD-03	1.00	4.30	3.3	4.47	Block A - Section 400W: twinning NTRAB-16
and	28.80	29.50	0.7	22.00	Extension at depth
NTDD-04	41.80	42.30	0.5	22.90	Block A - Section 450 W
NTDD-05	47.00	49.29	2.29	19.39	Block A - Section 450 W
including	47.00	48.00	1.0	*39.70*	-
NTDD-06	70.00	71.30	1.3	8.17	Block A - Section 450 W
NTDD-07	6.00	7.00	1.0	1.72	Block A - Section 350 W
NTDD-08	16.50	17.00	0.5	1.72	Block A - Section 350 W
NTDD-10	61.00	63.00	2.0	1.02	Block A - Section 350 W
NTRC-60	0.00	1.00	1.0	1.34	Block A – Section 250 W
NTRC-75	95.00	97.00	2.0	17.00	Block A - Section 500 W
including	95.00	96.00	1.0	*32.90*	-
NTRC-76	59.00	65.00	6.0	1.07	Block A - Section 500 W

New mineralized zones

At 400m NW of the Main Zone, drill holes NTRC-70 and NTRC-71 intersected several mineralized zones including one at 11.60 g/t Au over 1 m. RAB drillings were used to test other targets. They identified two new gold structures. At 3.2 km northeast of the main zone, drill hole NTRAB-36 intersected 6.06 g/t Au over 5m including 24.6 g/t Au over 1m. Best results are listed in the table below.

Drill hole	From (m)	To (m)	Intersected Width (m)	Grade (g/t Au)	Location and comments
NTRC-70	50.00	51.00	1.0	1.38	Block A – West extension – section 850 W
and	67.00	68.00	1.0	7.45	-
and	74.00	75.00	1.0	4.55	-
and	81.00	82.00	1.0	2.75	-
NTRC-71	37.00	38.00	1.0	11.60	Block A – West extension – section 850 W
and	98.00	99.00	1.0	1.28	-
NTRAB-36	11.00	16.00	5.0	6.06	Block B – 3.2 km NE of Main Zone
including	14.00	15.00	1.0	*24.60*	-
NTRAB-57	34.00	41.00	7.0	2.60	Block D – 4.0 km SE of Main Zone

The discovery of these new zones gives a new perspective as to the importance of the Viyonza mineralization. The results of the 2007 program, combined with the two previous drilling programs on Viyonza in 2006 (see November 15 press release) and in 2005 (see October 18 press release), justify a follow-up drilling program at the beginning of 2008. Before that, a fill-in soil geochemistry survey will be completed.

Samples were analyzed by fire assay at the SGS laboratories in Tanzania, certified under international standards. A rigorous program of analytical grade verification implemented by MDN included 12% control samples. Technical information in this release was reviewed by geologist Dominique Fournier, Ph.D., who acted as a qualified person in accordance with NI 43-101.