Stmnt re Share Price Movement

Tanzania Gold PLC
14 June 2007




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


The Company notes the recent rise in its share price and confirms that it is in
advanced discussions regarding an acquisition and associated fund raising by way
of an offer for subscription with certain institutional and other investors at a
price of 75 pence per ordinary share.

A further announcement will be made as soon as possible.



Enquiries:

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

Simon Raggett/Matthew Chandler
Strand Partners Limited Tel: [phone]

Gary Middleton
St Swithins PR Limited Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange