SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the day of: August 24, 2007
Commission File Number 000-50634
TANZANIAN ROYALTY EXPLORATION CORPORATION
(Registrant's name)
93 Benton Hill Road
Sharon, CT 06069
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F P
Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):__
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___
No P
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Attached hereto asExhibit 1 and incorporated by reference herein is the Registrant's News Release dated August 24, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Tanzanian Royalty Exploration Corporation
(Registrant)
“James Sinclair”
Date: August 24, 2007
James E. Sinclair, Chief Executive Officer
Exhibit 1
Corporate Office:
Form 20-F, File No. 0-50634
93 Benton Hill Road
Trade Symbol:
Sharon, CT 06069
TSX:
TNX
Tel: (860) 364-1830
AMEX: TRE
Fax: (860) 364-0673
Vancouver Office:
Suite 1400 – 355 Burrard Street
Vancouver, BC V6C 2G8
Toll Free: 1-800-811-3855
Email:
investors@TanzanianRoyaltyExploration.com
Tel: (604) 669-5598
Website: www.TanzanianRoyaltyExploration.com
Fax: (604) 669-8915
News Release - August 24, 2007
Tanzanian Royalty Enters Into Contract Negotiations For Remaining Nickel Licenses in Tanzania with company from People’s Republic of China
Tanzanian Royalty Exploration Corporation (AMEX: TRE / TSX: TNX) is pleased to announce that it has entered into contract negotiations with a company from the People's Republic of China (the "PRC Company") for the remainder of its nickel licenses in the Kagera/Kabanga nickel belt in Tanzania.
The 12 licenses that are presently subject to contract negotiations comprise the entire 4,482 square kilometres portfolio of nickel licences held by Tanzanian Royalty in the Kagera/Kabanga nickel belt.
The decision to enter into contract negotiations for the licenses at this stage follows the signing of a Letter of Intent (LOI) with the PRC Company in May 2007. The LOI granted the PRC Company an exclusivity period of 150 days to evaluate the properties within the context of concluding option agreements that are acceptable to both parties.
According to Tanzanian Royalty Chairman and CEO, Jim Sinclair, “The Chinese have moved quickly to expedite their due diligence on these properties given the highly competitive environment that exists in Tanzania for quality mineral projects of this nature.”
“We have certainly been impressed with their field capabilities and their obvious determination to acquire and exploit the potential of mineral assets in Tanzania that serve their national interests.”
While there is no guarantee that negotiations between Tanzanian Royalty and the PRC Company will lead to the signing of any formal contracts, Sinclair emphasized that the Chinese interest in Tanzania is genuine and reflects the nation’s strategy of securing long term sources of supply for key commodities such as nickel, copper, gold and other industrial metals. “The Chinese have a long history in Tanzania but their business priorities have changed in recent years with industrial commodities leapfrogging to the forefront,” he noted.
Tanzanian Royalty Exploration Corporation is a unique, publicly-traded, financial minerals exploration company whose business strategy is to develop royalty income under partnership arrangements from its world class gold, diamond and nickel assets in the Lake Victoria Greenstone and Kabanga/Kagera Nickel Belts of Tanzania.
Respectfully Submitted,
“James E. Sinclair”
James E. Sinclair
Chairman and Chief Executive Officer
For further information, please contact Investor Relations at 1-800-811-3855
Visit our website: www.TanzanianRoyaltyExploration.com
The Toronto Stock Exchange and American Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “measured”, “indicated”, and “inferred” “resources” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-50634, which may be secured from us, or from the SEC’s website athttp://www.sec.gov/edgar.shtml.
Certain information presented in this release may constitute “forward-looking statements” within the meaning of thePrivate Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our Form 20-F, File No. 0-50634, for a more information concerning these risks, uncertainties, and other factors.