Tanzanian Gold Announces Drill Results Below Buckreef Open Pit Bottom

Tanzanian Gold Announces Drill Results Below Buckreef Open Pit Bottom Intercepts of 38.7m @ 5.2g/t Au including 4m @ 18.1g/t

FOR IMMEDIATE RELEASE September 26, 2019

TORONTO, September 26, 2019 (GLOBENEWSWIRE) — Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce further assay results from its on-going Phase II drill program at its Buckreef Project to define potential mineralized zones below the open pit as reported and published in the June 2018 Pre-Feasibility 43-101 Technical Report.

The significant intercepts reported today occur approximately 200m below the open pit bottom as follows:

 Hole L19.5-1 intersected 38.7m of gold mineralization grading @ 5.2g/t Au from 464.3m to 503m including

 3m grading @ 7.8g/t Au from 476m including:  1m grading @ 11.5 g/t at 477m; and

 8m grading @ 12.5g/t Au from 481 to 489m including  4m grading at 18.1g/t Au from 482m; and

 3m grading @ 9.2g/t Au from 500m to 503m
The intersections reported here are a down-hole length and may not represent true width but the

true width is estimated to be 50 – 60%.