Tanzanian Royalty Exploration Corporation's Board of Directors announced the selection of Stamico and Coreworthy to complete Phase One of its planned Three-Phase Drill Program. Total meters to be drilled in all Phases is expected to amount to approximately 30,000. The Three-Phase Drill Program is being planned and directed by Ulrich Rath, Chair of its Technical Committee. 1) Phase One will be approximately 4,500m of infill drilling designed to upgrade existing inferred ounces within the proposed open pit and to begin testing of the deep contact below the open pit. 2) Phase Two will continue to delineate and test the continuity and extent of the deep contact; and 3) Phase Three work will be based upon information received from Phases One and Two. This Three-Phased drilling program has been designed to add significant overall value as well as to improve the already robust economics of the Buckreef Project. Funding requirements for the drill program are budgeted per Phase. The Company is raising capital for Phases Two and Three. Use of funds will be strictly limited to authorized, approved and necessary expenses. The company does not require large financing. The results will drive future development, demonstrate value added improvements in project economics and gain critical insight into the potential underground resource which makes this program extremely accretive in nature. The Company has complied with the bidder pre-qualification process as required by the 2018 Tanzanian local content regulations, and has tendered Requests for Proposal (RFP's) to qualified drilling contractors. With this selection of the contractors by the Board of Directors, Parts B and C of the 2018 local content regulations can be completed and submitted. After approval by the Mining Commission, Phase One of the program can proceed. Planned mobilization by both contractors to the site will be on or before January 25, 2019. The proposed work is to take approximately 45 days to complete. Delays to the start of this timeline, if any, would be attributable to additional requirements by the Mining Commission. In the Canadian NI 43-101 report Virimai recommended an infill drilling program. This critical first Phase itself has two purposes. Within the currently conceived open pit, this program will upgrade the mineable ounces, moving as much as possible of the current inferred resources to the measured and indicated categories and move some indicated resources to measured resources. Most importantly, high priority will be given to conduct drilling to confirm the previously known strong intersections and grades from deep holes and begin to test the deposit at depth and for potential as an underground mine.