Warrant Exercise

Tanzania Gold PLC
05 February 2007


5 February 2007

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

                                Warrant Exercise

The Company announces that it has today issued 500,000 new ordinary shares of
0.2p each pursuant to the exercise on 19 January 2007 of a warrant at a price of
5p per share. The exercise is in accordance with the terms of a warrant
instrument dated 29 January 2004 (as adjusted to take into account the 1 for 20
share consolidation effected by the Company on 28 September 2006). The warrant
was exercised by Mr W N V Weller, a former director of the Company.

Application will be made for the new ordinary shares to be admitted to trading
on AIM. Admission is expected to be effective on 9 February 2007.





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