News Release – June 6, 2019

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Tanzanian Gold Announces Further Results From Drilling Below Pit Bottom Highlights Include 63m @ 4.8 g/t Au incl 22m @ 9.3 g/t Au that incl 2m @ 31.1 g/t Au.

TORONTO, June 6, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s, (TSX: TNX) (NYSE American: TRX) (the “Company’s”) Board of Directors is pleased to announce results from the third hole, Hole L19-2, of the Phase II drilling program. The objective of Phase II is to identify gold mineralization in the range of 50 to 200m below the pit bottom of the open pit that is the basis of the 43-101 compliant Prefeasibility Study dated June 26, 2018. The two previous drill holes in Phase II are Holes 13-3 and U22-1. All three holes have encountered significant mineralized widths that include notable intersections of high grade.

Notable intercepts in the third hole are:

Hole L19-2

ο 63.0m grading @ 4.8 g/t Au from 357m to 420m; including
o 1.0mgrading@7.4g/tAustartingat360m,
o 4.0mgrading@5.9g/tAustartingat369m,
o 22.0mgrading@9.3g/tAustartingat387m;including, 
ο 6.0m grading @ 18.9 g/t Au that including,
ο 2.0m grading @ 31.1 g/t Au.

The intersections reported here are down-hole length and may not represent true width but the true width is estimated to be 50 – 60%.

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            Highlight AGM 2019                          Buckreef  Amended 43-1010