Tanzania Extends Due Diligence Period with Twigg Gold Ltd. for Interests in Igurubi and Msasa Gold Projects in Tanzania

VANCOUVER, July 25, 2014 /CNW/ - Tanzania Minerals Corp. (the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) announces that further to its news release dated April 24, 2014, pursuant to which the Company entered into a letter of intent dated April 24, 2014 (the "LOI") to acquire from Twigg Gold Ltd. ("Twigg") it's 75% and 90% interest in the Igurubi and Msasa gold projects, respectively, all parties have agreed to extend the due diligence period of the transaction for an additional 30 days, extending it until August 21, 2014.

Tanzania Minerals Corp. is an emerging junior exploration company trading on the TSX Venture Exchange.

The company has an extensive portfolio of projects in Tanzania. Additional information on Tanzania Minerals Corp. is available on SEDAR at www.sedar.com, on the Company's website at www.tanzaniaco.com, or by contactinginfo@tanzaniaminerals.com, or Robert Dzisiak at 204.955.4803.

ON BEHALF OF TANZANIA MINERALS CORP.

Robert Dzisiak
CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements".  Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions.  The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.

SOURCE Tanzania Minerals Corp

 For further information:

Tanzania Minerals Corp.
Robert Dzisiak, President and CEO
290C Fairhaven Road
Winnipeg, MB, R3P 2S6
Phone: 204 942-3191
Fax: 204 944-0513
www.tanzaniaco.com

/R E P E A T -- Tanzania Minerals Corp. Letter of Intent with Twigg ...

Posted, 2014-04-25
 Canada Newswire

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VANCOUVER, April 24, 2014 /CNW/ - Tanzania Minerals Corp. (the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) is pleased to announce that it has entered into a letter of intent to acquire from Twigg Gold Ltd. ("Twigg") its 75% and 90% interest in the Igurubi and Msasa gold projects, respectively. Terms of theLOI TZM is to acquire Twigg's 75% interest in the Irugubi Project and Twigg's 90% interest in the Msasa Project for consideration of US $350,000 and 7 million common shares upon closing of the transaction. TZM will have 90 days to finalize its due diligence on the projects. The transaction will close...more »