Tanzanian Gold Announces Registered Direct Placement of Common Shares

Tanzanian Gold Announces Registered Direct Placement of Common Shares in the amount of $1,111,500

FOR IMMEDIATE RELEASE June 26, 2019

TORONTO, June 26, 2019 (GLOBENEWSWIRE) — Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce the entering into subscription agreements for the registered direct placement of 1,916,379 common shares at US$0.58 per share raising $1,111,500 in the aggregate with certain investors. The Company has continued to raise funds as needed to expand our gold deep drilling program now in phase II and the Ultra Deep drilling in Phase III.

190626 TNX News Release