Investor Presentation 2014 1 www.tanzanianroyalty.com Draft By - PowerPoint PPT Presentation

Draft By Avise Analytics P Ltd. Explore Discover Develop Investor Presentation 2014 1 www.tanzanianroyalty.com

Draft By Avise Analytics P Ltd. Executive Summary Undeveloped Gold Deposits of East Africa A world class gold deposit Nyanzaga Buckreef Rwama • Amongst a world known gold belt • Situated around Lake Victoria Significant Ikungu • Surrounded by major producers Gold Deposits Tulu Kapi • Extensive geological studies Saza-Makongolosi Manica • Comparable area to Barricks Bulyanhulu Advanced Pickstone • Multiple projects advancing towards commercial Stage Projects production Mikei Golden Ridge Independent Project Singida Controlled by Major Nyakafuru • Multiple licenses for diversified exploration Miyabi Exploration • Prime areas for gold mineralisation Initiatives 2 1.5 1 0.5 0 • Ongoing exploration studies Open Pit Resource Moz (M+I), 0.5g/t cut off 2

Draft By Avise Analytics P Ltd. Our Projects - Advanced Buckreef 3 rd largest gold producing area • • 2.42 Moz Resource Tanzanian Royalty have a number • Medium grade orogenic deposits of advanced stage projects that • Fully licensed for production have undergone extensive • Plant nearing completion geological studies Itetemia • Borders Bulyanhulu mine • Previous exploration by Barrick • Vast potential on Golden Horseshoe Reef (GHR) • Preliminary Economic Assessment Advanced Stage Projects in progress • Environmental license in progress Kigosi Collaboration with Stamico has • Small scale artisinal workings allowed significant exploration • 8 years of exploration efforts • Environmental Impact Study conducted • Fully licensed for mining ( final process de gazetting in progress) 3

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Buckreef Re-development Project  Located in the LVG – the third largest gold producing region of Africa  Hosted by steeply dipping NE/SW trending brittle-ductile sheer zone  Structural similarities to that of the Canadian Shield and Yilgarn Craton (Australia) Buckreef location  Fully licensed for production and plant nearing completion Buckreef Project includes two potential mining area • Buckreef Mining Area (BRMA) which includes  Buckreef Prospect  Eastern Porphyry Projects  Tembo Prospect  Bingwa Prospect • Buziba-Busolwa Mining Area (BZMA) Specific projects 4

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Exploration and Drilling Iamgold Corp verified recent drilling data. In total, exploration included:  30,000 soil samples taken  202,000m of RC drilling  124,000m of AC drilling  28,000m of diamond core drilling Phase Explorer Date Type Number of Drillholes Length (m) Reverse Circulation 162 12,429 Drilling programme detailed 1 to 4 Spintex Pre 2005 Diamond Drilling 18 15,860 Reverse Circulation 377 36,274 5 to 6 EAM 2005 Diamond Drilling 16 1,879 Extensive drilling undertaken over the Reverse Circulation 146 16,235 6 EAM 2005 Diamond Drilling 11 1,401 past decade Reverse Circulation 359 38,487 6 IAMGOLD 2007 Diamond Drilling 17 1,993 Previous exploration phase 1-6 5

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Detailed Drilling programme: Exploration Summary for Buckreef Prospect 1992 to 2009 Year Geochemistry Sampling Programme Drilling Geophysics Soil Rock Termite RAB AC RC DD Samples Samples Samples Holes Holes Metres Holes Metres Holes Metres Holes Metres 1992 - - - 3 66 - - - - - - 1993 - - - - - 105 1,576 - - - - 1994 - - - - - 110 1,619 49 2,981 - - 1995 - - - - - 732 9,906 115 7,333 25 4,532 Ground magnetics and trenching 1996 505 191 - 15 122 297 3,584 31 1,148 - - 1997 1,486 269 - 1,300 47,061 484 7,403 382 29,428 - - 1998 2,152 314 - - - - - 7 653 - - 1999 12,807 772 - 602 16,803 43 1,744 - - - - 2000 3,477 230 - 1,253 31,073 - - 96 9,252 3 249 2001 - - - - - - - - - - - 2002 2,718 35 - 19 789 486 14,233 79 8,200 8 1,539 2003 1,738 - - - - 1 26 6 542 - - 2004 4,245 204 - 130 3,033 535 14,684 385 25,743 54 11,976 IP completed by Search Geophysics 2005 289 - - - - 969 32,827 467 50,943 51 7,077 2006 129 - - - - 130 4,222 234 23,316 8 1,116 2007 - - - - - 498 17,600 391 32,839 14 1,166 4 blocks Ground IP survey completed 2008 - 13 481 - - 550 14,912 107 10,255 12 809 2 blocks Ground Gravity survey completed 2009 - - - - - - - - - - - Total 29,546 2,028 481 3,322 98,497 4,940 124,336 2,349 202,183 175 28,464 6

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Drilling programmes conducted on BRMA Exploration and Drilling The TRX exploration programmes post 2009, have included drilling and geochemical sampling so that the total drilling undertaken for the four prospects is summarized as follows:  Buckreef Prospect: 684 drillholes for 97,287m  Tembo Prospect: 74 drillholes for 5,713m  Bingwa Prospect: 136 drillholes for 12,537m and  Eastern porphyry: 80 drillholes for 10,814m 7

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Au Grade (g/t) Resource Grade Buziba & Busolwa The 2014 BRMA Measured Mineral Resources are 9.91Mt at a grade of 1.81g/t Au for Prospects 0.58Moz contained metal, which represents an increase of 169% over the 2012 estimate of 0.34Moz. The 2014 BRMA Indicated Mineral Resources are 14.87Mt at a grade of 1.40g/t Bingwa Prospect for 0.67Moz contained metal, which represents an increase of 300% over the 2012 estimate of 0.22Moz. Tembo Prospect Measured + Indicated resource of Total Buckreef project + 2.425Moz Au Eastern Porphyry Buckreef Prospect Current NI43-101 Total Buckreef Project Mineral Resource Estimate for the BRMA and BZMA at 0.5g/t Au Cut-off Grade – Jan 2014: 0.0 1.0 2.0 3.0 Inferred Measured + Indicated Contained Au (Moz) Tonnes Au Grade Contained Au Grade Contained (mt) (g/t) Au (Moz) (g/t) Au (Moz) 1.4 1.2 BRMA Buckreef Prospect 7.528 1.33 0.322 1.53 1.085 1.0 BRMA Eastern Porphyry 1.239 1.39 0.055 1.18 0.042 0.8 BRMA Tembo Prospect 0.267 1.93 0.016 1.71 0.011 0.6 BRMA Bingwa Prospect 0.312 1.29 0.013 2.26 0.108 0.4 TOTAL BRMA 9.345 1.36 0.408 1.56 1.246 0.2 BZMA Buziba & Busolwa 14.350 0.90 0.415 1.04 1.179 Prospects 0.0 TOTAL Buckreef Project Buckreef Eastern Tembo Bingwa Buziba & 23.695 1.08 0.823 1.26 2.425 (BRMA+BZMA) Prospect Porphyry Prospect Prospect Busolwa Prospects 8

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef 9

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Buckreef Estimated over 1,400m of and depth of 575m below surface using the MIK technique. Cutoff grade of 0.5 results in a Measured/Indicated contained Au (moz) of 0.563 10

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Itetemia Location: Situated 90Km SW of Mwanza adjacent to Barrick's Itetemia Project Bulyanhulu Mine property (World’s largest underground gold producers) TRX (via Tancan) STAMICO Ownership 90% 10%  Geological similarities to the Bulyanhulu deposit located only 5 km to the west.  NI43-101 Mineral Resource for the Itetemia Project 1.0g/t cut-off at January 31,2012: Indicated: 266,000 oz | Inferred: 156,000 oz  Economic assessment report completed in 2010 confirms open pit mining potential Itetemia Location  Preliminary Economic Assessment in progress  Environmental Assessment in progress The most advanced project within Itetemia The Golden Horseshoe Reef (GHR) Resource Grade NI43-101 Mineral Resource Statement for the Itetemia Project 1.0g/t cut-off at 31st January 2012 Volume TONNES Au Grade Contained m 3 (t) (g/t) Au (Oz) Main Lode Indicated 816,000 2,390,000 3.14 241,000 1.92 25,000 Football Lode 141,000 409,000 TOTAL INDICATED 957,000 2,799,000 0.96 266,000 Main Lode Inferred 355,000 1,053,000 3.68 125,000 2.57 31,000 Football Lode 128,000 380,000 Specific projects TOTAL INFERRED 483,000 1,433,000 3.39 156,000 11

Draft By Avise Analytics P Ltd. Advanced Stage Projects - Itetemia Exploration and Drilling . At GHR, towards the end of 2007  2,543m had been drilled in 22 RC holes  10,209m in 41 diamond core holes DRILLING RC DC Period Holes Meters Holes Meters Interval (m) Notes 1995 4 374 - - 0.5 TR-3 May - Oct, 1996 - - 12 3,584 Oct,1995 - July, 1996 39 3,596 - - 3.0 RC-18 Oct,1995 - July, 1996 66 2,188 - - 1.0 9.0 RC-43 14 1,350 8.0 RC-45 Aug - Nov, 1998 - - 3.0 RC-61 & 62 14 831 5.0 RC-65 & 66 Extensive drilling undertaken at GHR 21 2,032 Aug,1997 - May,1998 - - 2 282 4 1,558 Jun - Aug, 2000 - - 12 2,377 2008 10 N/A 8 N/A 12