Grant of Options

Tanzania Gold PLC
15 June 2007


                                                                    15 June 2007

                                Tanzania Gold Plc
                       ('Tanzania Gold' or 'the Company')

                                Grant of Options

Tanzania Gold announces that the Board of the Company yesterday approved the
adoption of a new unapproved share option plan and has today granted thereunder
options over, in aggregate, 2,197,800 ordinary shares of 0.2p each in the share
capital of the Company ('Shares') to Clive Sinclair-Poulton, the Company's Chief
Executive Officer, Mark Burchnall, an Executive Director of the Company, Dr
Bernard Olivier, the Company's Technical Director, Melissa Sturgess and Gerard
Nealon, both non-executive directors of the Company, and to a consultant of the
Company.

All of the share options granted are subject to a performance hurdle and may
only be exercised if the Company's middle market share price has increased by a
specified percentage on the first, second and third anniversaries of the date on
which the options were granted.

Details of the grant of options to the directors of the Company are as follows:

Name           Number of Exercise Date of       Period during which Total number
               share     price    disclosure    exercisable         of share
               options   per      and                               options held
               granted   Share    transaction                       following
                                                                    this grant

Clive          439,560   91p      15 June       The option vests in    439,560
Sinclair-Poulton                  2007          three equal parts
                                                on 15 June 2008, 15
                                                June 2009 and 15
                                                June 2010.

Mark Burchnall 219,780   91p      15 June       The option vests in    219,780
                                  2007          three equal parts
                                                on 15 June 2008, 15
                                                June 2009 and 15
                                                June 2010.

Bernard        219,780   91p      15 June       The option vests in    219,780
Olivier                           2007          three equal parts
                                                on 15 June 2008, 15
                                                June 2009 and 15
                                                June 2010.

Gerard         439,560   91p      15 June       The option vests in    439,560
Nealon                            2007          three equal parts
                                                on 15 June 2008, 15
                                                June 2009 and 15
                                                June 2010.

Melissa        439,560   91p      15 June       The option vests in    439,560
Sturgess                          2007          three equal parts
                                                on 15 June 2008, 15
                                                June 2009 and 15
                                                June 2010.

In addition, options over a further 439,560 Shares were granted to a consultant
to the Company on identical terms.

The share option plan will be ratified at the forthcoming EGM and the rules of
the plan will be available for inspection by shareholders at that meeting.

Further information:

Clive Sinclair-Poulton           Tanzania Gold Plc    Tel: [phone]
Chief Executive                                                

Gary Middleton                   St Swithins PR       Tel: [phone]
                                 Limited              




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