Tanzania Minerals Corp. Acquires Two Additional Gold Properties

VANCOUVER, Nov. 16 /CNW/ - Tanzania Minerals Corp. (TZM: TSX-V) (FRANKFURT: CA87600X1087) ("Tanzania" or the "Company") is pleased to announce the acquisition of two additional properties close to its Mrangi property, located in Northern Tanzania in the Lake Victoria Goldfield. 

Tanzania has been granted a 100% interest in Katario (Mrangi East) and Kibara (Mrangi South) from the Ministry of Mines of the Government of Tanzania. Both properties are in very close proximity to the Company's Mrangi Gold Project and cover over a total of 26,000 acres. 

"The addition of these two properties in our target zone, will allow Tanzania Minerals Corp. to expand its exploration efforts" said Kal Matharu, President and CEO of Tanzania.

Katario (Mrangi East)

• Property located in Musoma District, east of the Company's Mrangi property
• Property is in close proximity to Katario Mine, which produced 300,000 oz of gold.
• Small scale miners  on license area
• Regional magnetic data interpretation is in process and land stat images have been acquired
• Property covers parts of the greenstone belt underlain by intermediate-mafic volcanic rocks and banded iron formation.

Kibara (Mrangi South)

• Property located south of the Company's Mrangi property in the Lake Victoria Goldfield.
• Small scale miners located on the NW-SE shear zones
• Initial data gathering has been completed
• Initial soil sampling work has started

Tanzania Minerals Corp has become the sole and beneficial owner of 100% title and interest in these properties. All fees have been paid to the Government of Tanzania.

Additional information on Tanzania Minerals Corp., including technical reports and other public documents are available on SEDAR at www.sedar.com or on the Company's website at www.tanzaniaco.com. 

Tanzania Minerals Corp. is an emerging junior exploration company trading on the TSX Venture Exchange. The company has an extensive portfolio of projects in Tanzania.

On behalf of the Board of Directors of Tanzania Minerals Corp.

"Kal Matharu"

Kal Matharu, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements".  Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions.  The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.

For further information:

Tanzania Minerals Corp.
Kal Matharu
President and CEO
Tel:  [phone]
Fax: [phone]
www.tanzaniaco.com