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: +353 (85) 739 2674 Chief Executive Gary Middleton St Swithins PR Tel: +44 (0) 20 7929 4391 Limited This information is provided by RNS The company news service from the London Stock Exchange