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Message: What's up with TNX?

November 10th, 2011

Tanzanian Royalty Exploration wishes to report that there is no particular event other than a technical market situation that can explain the recent trading action in the Company’s shares.

The Company is responding to a request from the Investment Industry Regulatory Organization of Canada (IIROC) on behalf of the Toronto Stock Exchange (TSX) following recent trading activity.

Respectfully Submitted,

James E. Sinclair

President and Chief Executive Officer

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