CERTIFICATION
I, Marco Guidi, certify that:
1.
I have reviewed this Annual Report on Form 20-F of Tanzanian Royalty Exploration Corporation;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Omitted.
4.
Omitted.
5.
Omitted.
Date: March 31, 2015
/s/ Marco Guidi
Marco Guidi, Principal Financial Officer