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TORONTO, Oct 11, 2019 (GLOBE NEWSWIRE via COMTEX) — Intercept of 31.0m @ 2.5 g/t; including 1.0m @ 11.9 g/t and 1.0m @ 15.5 g/t Au

TORONTO, Oct. 11, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s (TNX) TRX, -4.17% (the “Company’s”) Board of Directors is admiring to advertise added appraisal after-effects from its advancing Phase II assignment affairs at its Buckreef Project to ascertain abeyant mineralized zones beneath the accessible pit as appear and appear in the June 2018 Pre-Feasibility National Instrument 43-101 Abstruse Report, and to extend the mineralization to the Northeast.

The cogent intercepts appear today are alfresco the accessible pit on the aftermost filigree band and announce that the Buckreef Mineralized Zone is still accessible to the Northeast.

The intersections appear actuality are a down-hole breadth and may not represent authentic amplitude but the authentic amplitude is estimated to be 50 – 60%.

Mr. Jim Sinclair, Chairman (TRX) commented, “We are admiring with these after-effects as they acquire accepted our above-mentioned acceptance that the Buckreef Mineralized Zone is still accessible to the Northeast. Once we complete the aftermost date of Phase II that is currently targeting the aerial brand amount beneath the accessible pit basal we will be advancing aback to the Northeast Extension to assay how far the Buckreef Mineralized Zone extends above aperture L 25-1.”

Sample Protocol QA/QC

The sample alternation of aegis is managed by the Buckreef abstruse aggregation beneath the administration of Anthony Minde. Gold analyses appear in this absolution were performed by accepted blaze appraisal application a 50-gram allegation with diminutive assimilation accomplishment (0.01ppm LLD) and a gravimetric accomplishment for assays greater than 10 grams per tonne. All assays were performed by Nesch Mintech Laboratory in Mwanza. Sampling and analytic procedures are accountable to a absolute affection affirmation and affection ascendancy program. The QAQC affairs includes alike samples, blanks and analytic standards.

Intervals of amount to be analyzed are breach in bisected with a automatic amount cutter, with one bisected beatific to the Laboratory for geochemical assay and the absolute bisected kept in accumulator for approaching advertence and uses. Nesch Mintech Laboratory is ISO 90001 and 17025 accepted and employs a Laboratory Advice Management System for sample tracking, affection ascendancy and reporting.

Qualified Person

The Company’s Qualified Person, Mr. Peter Zizhou, has advised and accustomed the capacity of this account release. Mr. Zizhou has a Master of Science (Exploration Geology) amount from the University of Zimbabwe (2000) and is a registered able accustomed scientist with SACNASP (Reg. No. 400028/08).

Respectfully Submitted, James E. Sinclair Executive Chairman

For added information, amuse acquaintance Michael Martin, Investor Relations, [email protected], 860-248-0999, or appointment the Aggregation website at www.tangoldcorp.com

The Toronto Stock Exchange and NYSE MKT LLC acquire not advised and do not acquire albatross for the capability or accurateness of this release

Cautionary Note to U.S. Investors – The United States Balance and Exchange Commission banned acknowledgment for U.S. advertisement purposes to mineral deposits that a aggregation can economically and accurately abstract or produce. We use assertive agreement on this account release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, “measured”, “indicated”, or “inferred” which may not be constant with the assets definitions accustomed by the SEC. U.S. Investors are apprenticed to accede carefully the acknowledgment in our SEC filings. You can analysis and access copies of these filings from the SEC’s website at http://www.sec.gov/edgar.shtml

This account absolution contains assertive advanced statements and advanced information. All statements, added than statements of absolute fact, included herein are advanced statements and advanced advice that absorb assorted risks and uncertainties. There can be no affirmation that such statements will prove to be accurate, and absolute after-effects and approaching contest could alter materially from those advancing in such statements. Important factors that could account absolute after-effects to alter materially from the Company’s expectations are appear in the Company’s abstracts filed from time-to-time with the British Columbia, Alberta and Ontario bigoted balance authoritative authorities.

Certain advice presented in this absolution may aggregate “forward-looking statements” aural the acceptation of the Private Balance Litigation Reform Act of 1995. Such advanced statements are based on abundant assumptions, and absorb accepted and alien risks, uncertainties and added factors, including risks inherent in mineral analysis and development, which may account the absolute results, performance, or achievements of the Aggregation to be materially altered from any projected approaching results, performance, or achievements bidding or adumbrated by such advanced statements. Investors are referred to our description of the accident factors affecting the Company, as independent in our SEC filings, including our anniversary address on Form 20-F and Registration Statement on Form F-10, as amended, for added advice apropos these risks, uncertainties, and added factors.

(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.

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