Tanzanian Gold Corporation

Tanzanian Gold Corporation has announced and welcomed Stephen Mullowney, CPA, CA, CFA as chief executive officer.

Tanzanian Gold will also continue focussing on creating exploration opportunities at Buckreef, with a variety of planned drilling programs.

"We're are going from an exploration company to meaningful production. What we're trying to do is grow in progressive steps." - Jim Sinclair

"We have grown our resource base at very low cost, increased the scale and scope of what we now feel will be the next major gold mine in Tanzania."

Tanzanian Gold Corporation, or Tangold, has doubled its mineral resources in the measured and indicated categories at its Buckreef gold project in Tanzania.

Tanzanian Gold Corporation has reached commercial gold production level at the oxide ore processing plant at the Buckreef gold project in Tanzania.

Tanzanian Gold Corporation has engaged PricewaterhouseCoopers Corporate Finance to assist in securing project financing for construction of two gold mining projects at Buckreef, in Tanzania.