Tanzanian Gold Announces US ATM Offering of Up to US$3.0 Million

TORONTO, May 3, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company”) announces that under its base shelf prospectus dated September 5, 2018, it may distribute common shares from time to time through R. F. Lafferty & Co., Inc. (the “Agent”), as agent or as principal, pursuant to a sales agreement currently in effect with the Agent for the distribution of the offered shares in the United States up to the aggregate sales amount of US$3.0 million, in accordance with the terms of the sales agreement with the Company. The offering is being made in the United States under the terms of a registration statement on Form F-3 (SEC File No. 333-226949) filed and effective with the United States SEC, and a prospectus supplement dated May 2, 2019.

190503 TNX News Release