<SEC-DOCUMENT>0001273511-20-000050.txt : 20200317
<SEC-HEADER>0001273511-20-000050.hdr.sgml : 20200317
<ACCEPTANCE-DATETIME>20200317142113
ACCESSION NUMBER:		0001273511-20-000050
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200317
FILED AS OF DATE:		20200317
DATE AS OF CHANGE:		20200317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tanzanian Gold Corp
		CENTRAL INDEX KEY:			0001173643
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32500
		FILM NUMBER:		20720510

	BUSINESS ADDRESS:	
		STREET 1:		BAY ADELAIDE CENTRE, EAST TOWER
		STREET 2:		22 ADELAIDE STREET WEST, SUITE 3400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 4E3
		BUSINESS PHONE:		604-696-4236

	MAIL ADDRESS:	
		STREET 1:		BAY ADELAIDE CENTRE, EAST TOWER
		STREET 2:		22 ADELAIDE STREET WEST, SUITE 3400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5H 4E3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TANZANIAN ROYALTY EXPLORATION CORP
		DATE OF NAME CHANGE:	20060309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAN RANGE EXPLORATION CORP
		DATE OF NAME CHANGE:	20020516
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f200317tnxform6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
<META NAME="author" CONTENT="Donna Moroney">
<META NAME="date" CONTENT="03/17/2020">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:673.667px"><P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Washington, DC &nbsp;&nbsp;20549</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:300px; font-size:14pt"><B>Form 6-K</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE <I>SECURITIES EXCHANGE ACT OF 1934</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt"><B>For the month of March 2020</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Commission File No. 001-32500</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:16pt" align=center><B>TANZANIAN GOLD CORPORATION</B></P>
<P style="line-height:0.95pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-top:4px; font-size:11pt; border-top:1.333px solid #000000" align=center><I>(Translation of registrant&#146;s name into English)</I></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>#202, 5626 Larch Street, Vancouver, British Columbia, V6M 4E1 &nbsp;Canada</B></P>
<P style="line-height:0.95pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-top:4px; font-size:11pt; border-top:1.333px solid #000000" align=center><I>(Address of principal executive office)</I></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt">Indicate by check mark whether the registrant files or will file annual reports under the cover Form 20-F or Form 40-F</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:144px; width:348px; font-size:12pt; float:left">Form 20-F <FONT style="font-family:Wingdings">x</FONT></P>
<P style="margin:0px; padding-left:144px; text-indent:-2px; font-size:12pt" align=justify>&nbsp;Form 40-F &nbsp;<FONT style="font-family:Wingdings">o</FONT></P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; font-size:12pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <FONT style="font-family:Wingdings">o</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &nbsp;&nbsp;<FONT style="font-family:Wingdings">o</FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>Documents included as part of this Report:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=103.2 /><TD width=584.867 /></TR>
<TR><TD style="margin-top:0px" valign=top width=103.2><P style="margin-top:0px; margin-bottom:4px; font-size:12pt" align=justify>Exhibit No.</P>
</TD><TD style="margin-top:0px" valign=top width=584.867><P style="margin-top:0px; margin-bottom:4px; font-size:12pt" align=justify>Document</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=103.2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=584.867><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=103.2><P style="margin-top:0px; margin-bottom:4px; font-size:12pt">99.1</P>
</TD><TD style="margin-top:0px" valign=top width=584.867><P style="margin-top:0px; margin-bottom:4px; font-size:12pt; color:#0000FF" align=justify><A HREF="exhibit991.htm"><U>News Release dated March 17, 2020</U></A><FONT style="color:#000000"></FONT></P>
</TD></TR>
</TABLE>
<DIV style="width:673.667px"><P style="margin-top:0px; margin-bottom:4px" align=justify><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-size:12pt; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>Pursuant to the requirements of the <I>Securities Exchange Act of 1934</I>, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=409.2 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=409.2><P style="margin:0px; font-size:11pt" align=justify><B>TANZANIAN GOLD CORPORATION</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=409.2><P style="margin-top:5.333px; margin-bottom:0px; font-size:12pt" align=justify><I>(Registrant)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=37.533 /><TD width=335.667 /></TR>
<TR><TD style="margin-top:0px" valign=top width=37.533><P style="margin:0px; font-size:12pt" align=justify>By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=335.667><P style="margin:0px; font-size:12pt" align=justify><I>/s/ Donna M. Moroney</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=37.533><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=335.667><P style="margin-top:4px; margin-bottom:0px; font-size:12pt" align=justify><B>Donna M. Moroney</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=37.533><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=335.667><P style="margin-top:4px; margin-bottom:0px; font-size:12pt" align=justify>Corporate Secretary </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=49.2 /><TD width=216 /></TR>
<TR><TD style="margin-top:0px" valign=top width=49.2><P style="margin:0px; font-size:12pt" align=justify>Date:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=216><P style="margin:0px; font-size:12pt" align=justify>March 17 2020</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 2066075A -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit991.htm
<DESCRIPTION>NEWS RELEASE DATED MARCH 17, 2020
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
<META NAME="author" CONTENT="Donna">
<META NAME="date" CONTENT="03/17/2020">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="DocsID"></A><DIV style="width:654px"><P style="margin:0px; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><img src="exhibit991001.jpg" alt="[exhibit991001.jpg]" align=middle height=100.733 width=324.267></P>
<P style="margin-top:0px; margin-right:-527.6px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; float:left"><I>CONNECTICUT OFFICE</I></P>
<P style="margin-top:0px; margin-bottom:-2px; width:527.6px; font-family:Arial; font-size:8pt; float:left" align=right><I>VANCOUVER OFFICE:</I></P>
<P style="margin-top:0px; margin-right:-588.533px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; clear:left; float:left">PO Box 577</P>
<P style="margin-top:0px; margin-bottom:-2px; width:588.533px; font-family:Arial; font-size:8pt; float:left" align=right>#202, 5626 Larch Street</P>
<P style="margin-top:0px; margin-right:-577.267px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; clear:left; float:left">U.S.A. &nbsp;&nbsp;06784</P>
<P style="margin-top:0px; margin-bottom:-2px; width:577.267px; font-family:Arial; font-size:8pt; float:left" align=right>Vancouver, British Columbia</P>
<P style="margin-top:0px; margin-right:-585.667px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; clear:left; float:left">Sherman, CT</P>
<P style="margin-top:0px; margin-bottom:-2px; width:585.667px; font-family:Arial; font-size:8pt; float:left" align=right>V6M 4E1 Canada</P>
<P style="margin-top:0px; margin-right:-577.267px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; clear:left; float:left">U.S.A. &nbsp;&nbsp;06784</P>
<P style="margin-top:0px; margin-bottom:-2px; width:577.267px; font-family:Arial; font-size:8pt; float:left" align=right>Toll Free (844) 364-1830</P>
<P style="margin-top:0px; margin-right:-524.2px; margin-bottom:-2px; width:636px; font-family:Arial; font-size:8pt; color:#0000FF; clear:left; float:left"><U>investors@tangoldcorp.com</U><FONT style="font-family:Times New Roman; font-size:12pt; color:#000000"></FONT></P>
<P style="margin-top:0px; margin-bottom:-2px; width:524.2px; font-family:Arial; font-size:8pt; float:left" align=right>&nbsp;<FONT style="color:#0000FF"><U>www.tangoldcorp.com</U></FONT></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0.133px; margin-bottom:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=center><B>Tanzanian Gold Announces Doubling Of Resources In Measured + Indicated Categories And Highlights Upside In Exploration Targets</B></P>
<P style="margin:0px; font-family:Arial; font-size:14pt" align=center><B>&nbsp;on its Buckreef Gold Project</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-right:-470px; margin-bottom:-2px; width:654px; font-family:Arial; font-size:11pt; float:left"><B>FOR IMMEDIATE RELEASE </B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:470px; font-family:Arial; font-size:11pt; float:left" align=right><B>March 17, 2020</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; font-family:Arial; font-size:12pt" align=justify>TORONTO, March 17, 2020, (GLOBE NEWSWIRE)<B> </B>-<FONT style="color:#00007F"> </FONT>Tanzanian Gold Corporation&#146;s, (TSX:TNX) (NYSE American:TRX) (the &#147;Company&#146;s&#148;) Board of Directors is pleased to announce that it has received an update of the Estimated Mineral Resources in the Buckreef Shear Zone from Virimai Projects, its independent technical advisor. This update incorporates the results from the 2019 drilling campaign, the largest drill campaign in the Company&#146;s history.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center><B>NI 43-101 Estimated Mineral Resource For Buckreef Sheer Zone (cut-off grade 0.4 g/t Au)</B></P>
<P style="margin:0px"><BR></P>
<A NAME="_Hlk35240528"></A></DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=68.4 /><TD width=45.6 /><TD width=66 /><TD width=72 /><TD width=48 /><TD width=54 /><TD width=66 /><TD width=48 /><TD width=54 /><TD width=72 /><TD width=48 /><TD width=66 /></TR>
<TR><TD style="margin-top:0px; background-color:#F2F2F2; border:1px solid #000000" valign=top width=180 colspan=3><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center><B>MEASURED</B></P>
</TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=174 colspan=3><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center><B>INDICATED</B></P>
</TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=168 colspan=3><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center><B>INFERRED</B></P>
</TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=186 colspan=3><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center><B>MEASURED + INDICATED</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" width=68.4><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Tonnes</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=45.6><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Au <BR>
(g/t)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Ounces</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=72><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Tonnes</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Au <BR>
(g/t)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=54><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Ounces</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Tonnes</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Au <BR>
(g/t)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=54><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Ounces</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=72><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Tonnes</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Au <BR>
(g/t)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>Ounces</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=68.4><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>35,871,600</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=45.6><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>1.74</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>2,010,780</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>10,010,350</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>1.03</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=54><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>331,870</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>9,926,300</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>0.63</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=54><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>39,190</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=72><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>45,881,950</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=48><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>1.59</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial; font-size:8pt" align=center>2,342,650</P>
</TD></TR>
</TABLE>
<DIV style="width:654px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:9pt"><B>Notes and Key Assumptions:</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>Mineral Resources inclusive of Mineral Reserves (no Mineral Reserves reported in this update)</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>All resources below 540mRL classified as inferred</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>Estimates over variable widths of 3m to 40m</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>Bulk Density ranges 2.0g/cm3 to 2.8g/cm3</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>55% attributable to the Company</I></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt"><I>Effective Date: March 16, 2020</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>In order to appreciate the significance of these new results, at a cut-off of 0.5g/t, the updated Mineral Resource for the Buckreef Sheer Zone (Measured + Indicated) comes up to 40.90 million tonnes grading @ 1.73g/t that contain 2,270,700 ounces. At the same cut-off grade, the last published Measured + Indicated Resource for the Buckreef Sheer Zone (at a cut-off grade of 0.50 g/t Au) amounted to 21.99 million tonnes grading @ 1.54 g/t Au that contained 1,085,465 ounces of gold. This is more than doubles the estimated Mineral Resource in the Measured + Indicated categories for the Buckreef Shear Zone.</P>
<P style="margin:0px" align=justify><BR>
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<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>In accordance with Part 2 of the NI 43-101 <I>Standards of Disclosure for Mineral Projects </I>(&#147;NI 43-101&#148;), set out below are the potential exploration targets at The Buckreef Sheer Zone (the &#147;Exploration Targets&#148;)<FONT style="font-size:11pt">. </FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:11pt" align=center><B>Exploration Targets At Buckreef Sheer Zone</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=133.2 /><TD width=96 /><TD width=96 /><TD width=78 /><TD width=66 /><TD width=84 /><TD width=85.2 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1.333px solid #3F3F3F" valign=top width=133.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=192 colspan=2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Tonnage Range</B></P>
</TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144 colspan=2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Grade Range</B></P>
</TD><TD style="margin-top:0px; background-color:#F2F2F2; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=169.2 colspan=2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Ounces Range</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=133.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Target Area</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Tonnes</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Tonnes</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=78><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Au (g/t)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Au (g/t)</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Ounces</B></P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=85.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Ounces</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=133.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt">Northeast Extension</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>4,000,000</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>6,000,000</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=78><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1.40</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>2.50</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>180,047</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=85.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>482,269</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=133.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt">Main Zone</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>25,000,000</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=96><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>35,000,000</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=78><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1.30</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1.50</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=84><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,044,915</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=85.2><P style="margin-top:5.333px; margin-bottom:5.333px; font-family:Arial,Times New Roman; font-size:8pt" align=right>1,687,940</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>In should be noted that the potential quantity and grade of these Exploration Targets is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource as per the NI 43-101 reporting standards. The Exploration Targets include 5 isolated drill holes and assume projections of mineralized structures to deep levels as well as an extension of the Northeast Zone, and are based a continuation of favourable geological conditions that host mineralized structures which have been encountered in shallower drilling of Phase II to deep levels below the limits of the current wireframes used in the estimation of the new resources described herein. &nbsp;The Exploration Targets assume that the extension of the Northeast Zone along strike will be confirmed by additional drilling.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The Phase III drilling program is currently underway to further test the continuity of these mineralized structures. Current information from drill holes show high grade intersections including <A NAME="_Hlk35262021"></A>drill-hole <A NAME="_Hlk35263374"></A>BMRCD298 with an intercept average 2.45g/t from 650 to 681m down the hole (NE Extension) and drill-hole BMRCD309 with an intercept average 3.4g/t from 617 to 630m down the hole (Main North) as reported in a recent press release dated February 26, 2020 announcing the results from the first hole in the Phase III campaign. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>A Technical Report prepared pursuant to the requirements of NI 43-101 will be released by the Company within 45 days as part of the continuation of the results reported in the Pre-Feasibility Report published in June 2018. This Technical Report will&nbsp;provide greater details in respect of the Company&#146;s disclosure herein, and investors are encouraged to review the Technical Report, when available under the Company&#146;s profile at www.sedar.com. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B>Sample Protocol and QA/QC</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The sample chain of custody is managed by the Buckreef technical team under the supervision of Anthony Minde. Gold analyses reported in this release were performed by standard fire assay using a 50-gram charge with atomic absorption finish (0.01ppm LLD) </P>
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<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>and a gravimetric finish for assays greater than 10 grams per tonne. All assays were performed by Nesch Mintech Laboratory in Mwanza (the &#147;Laboratory&#148;). Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QA/QC program includes duplication to the samples, blanks and analytical standards.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>Intervals of core to be analyzed are split in half with a mechanized core cutter, with one half sent to the Laboratory for geochemical analysis and the remaining half kept in storage for future reference and uses.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The Laboratory is ISO 90001 and 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting.</P>
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<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify><B>Qualified Person </B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=justify>&nbsp;</P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt" align=justify>The Company&#146;s Qualified Person, Mr. Peter Zizhou, has reviewed and approved the contents of this news release. &nbsp;Mr. &nbsp;Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000) and is a registered professional natural scientist with SACNASP (Reg. No. 400028/08). </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman; font-size:12pt">Mr. &nbsp;Wenceslaus Kutekwatekwa<B> </B>BSc (Hons) Mining Eng. MBA, FSAIMM, FIoDZ, MAMMZ, MPMIZ the Qualified Person for Virimai Projects has read and approved the contents of this press release and does hereby confirm that he and Virimai Projects are actively engaged as the Qualified Person undertaking the NI 43-101 Mineral Resource Update Technical Report. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial; font-size:12pt">&#147;Although the doubling of the gold resources categorized in accordance with the requirements of 43-101 is most satisfying, the interim results we have released today are pointing us in the direction of further increases&#148; stated Mr. James E. Sinclair, Executive Chairman, who went on to say that &#147;We have already started the Phase III deep drilling campaign that the Company expects could move the exploration targets into the NI 43-101 categories&#148;.</P>
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<P style="margin:0px; padding-left:7.667px; text-indent:-1.933px; font-family:Arial; font-size:12pt">Respectfully Submitted, </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:7.667px; text-indent:-1.933px; font-family:Arial; font-size:12pt">&#147;James E. Sinclair&#148;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:7.667px; text-indent:-1.933px; font-family:Arial; font-size:12pt">James E. Sinclair</P>
<P style="margin:0px; padding-left:7.667px; text-indent:-1.933px; font-family:Arial; font-size:12pt">Executive Chairman</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:7.667px; text-indent:-1.933px; font-family:Arial; font-size:12pt">For further information, please contact Michael Martin, Investor Relations, via email at <FONT style="color:#0000FF"><U>m.martin@tangoldcorp.com</U></FONT><FONT style="font-family:Times New Roman"></FONT>, direct line 860-248-0999, or visit the Company website at <FONT style="color:#0000FF"><U>www.tangoldcorp.com</U></FONT><FONT style="font-family:Times New Roman"></FONT><FONT style="font-size:11pt"> </FONT></P>
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<P style="line-height:10pt; margin:0px; padding-left:7.733px; padding-right:7.8px; font-size:9pt" align=center>The Toronto Stock Exchange and NYSE MKT LLC have not reviewed and do not accept responsibility for the adequacy or accuracy of this release</P>
<P style="line-height:12pt; margin-top:0.933px; margin-bottom:0px"><BR></P>
<P style="margin:0px; padding-left:7.733px; padding-right:4.8px; text-indent:-1.733px; font-size:9pt" align=justify><B>Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as &#147;reserves&#148;, &#147;resources&#148;, &#147;geologic resources&#148;, &#147;proven&#148;, &#147;probable&#148;, &quot;measured&quot;, &quot;indicated&quot;, or &quot;inferred&quot; which may not be consistent with the reserve definitions established by the SEC. &nbsp;U.S. Investors are urged to consider closely the disclosure in our SEC filings. &nbsp;You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml</B><FONT style="font-size:12pt"></FONT></P>
<P style="line-height:10pt; margin-top:0.2px; margin-bottom:0px"><BR></P>
<P style="margin:0px; padding-left:7.733px; padding-right:4.867px; text-indent:-1.733px; font-size:9pt" align=justify>This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.</P>
<P style="line-height:10pt; margin-top:0.467px; margin-bottom:0px"><BR></P>
<P style="margin:0px; padding-left:7.733px; padding-right:4.933px; text-indent:-1.733px; font-size:9pt" align=justify>Certain information presented in this release may constitute &#147;forward-looking statements&#148; within the meaning of the <I>Private Securities Litigation Reform Act </I>of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
