Financial Data and Key Metrics Changes - 2022 was a record year for the company, achieving record revenues, gross profit, operating cash flow, and adjusted EBITDA, driven by record production and ounces sold [20][24]. - The company reported revenues of over $15 million with a realized price of $1,756 per ounce, reaching nearly $1,800 per ounce in Q4 [23]. - Cash costs were reported at $665 per ounce for the year and less than $600 per ounce in Q4, significantly below guidance, resulting in a gross profit margin of over 60% [24]. - The year-end cash balance was $8.5 million, with working capital of $5.5 million, indicating strong liquidity for funding organic growth [25]. Business Line Data and Key Metrics Changes - The mill expansion to 360 tonnes per day was completed, with production of almost 8,900 ounces for the year and record quarterly production of over 3,600 ounces in Q4 [21]. - The 1,000 tonne per day plant expansion came online after the year-end, with expectations to significantly increase production in 2023 [22][26]. Market Data and Key Metrics Changes - The company expects production in 2023 to range between 20,000 and 25,000 ounces, tripling the production levels achieved in 2022 [26]. - Cash costs for 2023 are anticipated to be between $750 and $850 per ounce, slightly higher than 2022 due to increased depreciation [27]. Company Strategy and Development Direction - The company is focused on growth in both production and resources, aiming to expand the asset at Buckreef through exploration and operational efficiency [33][97]. - Plans include increasing throughput by 75% to 100% through the addition of a new ball mill, with detailed engineering already underway [29]. - The exploration program will continue to focus on the Buckreef main zone, Buckreef West, and the Eastern Porphyry, with a strong emphasis on generating significant exploration targets [30][36]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the exploration potential at Buckreef, indicating that they are just beginning to understand the full scope of the asset [9][48]. - The company aims to maintain a focus on cost management while pursuing growth in production and resources, despite challenging market conditions [97]. - Management expects 2023 to be as strong as 2022, with a commitment to continuous improvement and shareholder engagement [98]. Other Important Information - The company completed a land compensation process, spending $2.6 million to secure land around the Buckreef mining license, enhancing operational capabilities [51]. - The company has a strong commitment to corporate social responsibility, focusing on local hiring and community development [52]. Q&A Session Summary Question: Additional ball mill investment and operating cost impacts - Management indicated that the capital cost for the additional ball mill would likely be under $5 million and that operating costs would be assessed in the context of a new five-year mine plan [58][60]. Question: Exploration focus and potential oxide resources - Management confirmed that there is significant potential for additional oxide resources at Buckreef and that exploration efforts will be directed towards extending mine life [62]. Question: Update on sulfide development study - Management expects to provide updates on the sulfide development study in the first half of the following year, with ongoing evaluations of processing capabilities [63]. Question: Drilling targets and exploration budget - Management outlined that exploration will focus on the Anfield and Eastern Porphyry areas, with a goal of quickly bringing mineral resources and reserves to the forefront [74]. Question: Supply chain concerns - Management reported no pressing supply chain issues, noting that most equipment is sourced locally, although there are some concerns related to diesel generation due to geopolitical factors [82].

EXHIBIT 99.1 The Company reported Q4 2022 production of 3,619 ounces of gold, exceeding previous production guidance of 750-800 ounces of gold per month, as well as preliminary Q4 2022 sales of 3,363 ounces of gold, both new records for the Company. On a full year 2022 basis, the Company reported production of 8,874 ounces of gold and sales of 8,598 ounces of gold. TRX Gold To Deliver Mill Expansion On Time and On Budget The average market price for gold in Q4 2022 (June – August 2022) was US$1,778 per ounc ...

Exhibit 99.1 TRX Gold Corporation Condensed Interim Consolidated Financial Statements (Unaudited) For the three and nine months ended May 31, 2022 and 2021 1 TRX Gold Corporation Condensed Interim Consolidated Statements of Financial Position (Unaudited) (Expressed in Thousands of US Dollars) | | | May 31, | | August 31, | | --- | --- | --- | --- | --- | | | | 2022 | | 2021 | | Assets | | | | | | Current Assets | | | | | | Cash | $ | 10,465 | $ | 13,447 | | Amounts receivable (Note 5) | | 1,281 | | 460 | | ...

Exhibit 99.1 Tanzanian Gold Corporation Unaudited Interim Condensed Consolidated Financial Statements For the three and six months ended February 28, 2022 and 2021 Tanzanian Gold Corporation Unaudited Interim Condensed Consolidated Statements of Financial Position (Expressed in Thousands of US Dollars) | | | February 28, | | August 31, | | --- | --- | --- | --- | --- | | | | 2022 | | 2021 | | Assets | | | | | | Current Assets | | | | | | Cash | $ | 12,939 | $ | 13,447 | | Amounts receivable (Note 5) | | 540 ...

Exhibit 99.1 Tanzanian Gold Corporation Unaudited Interim Condensed Consolidated Financial Statements For the three months ended November 30, 2021 and 2020 Tanzanian Gold Corporation Unaudited Interim Condensed Consolidated Statements of Financial Position (Expressed in Thousands of US Dollars) | | | November 30, | | August 31, | | --- | --- | --- | --- | --- | | As at | | 2021 | | 2021 | | Assets | | | | | | Current Assets | | | | | | Cash (Note 5) | $ | 7,929 | $ | 13,447 | | Amounts receivable (Note 6) | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________ FORM 20-F _________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12 (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32500 TANZANIAN GOLD CORPORATION (Exact Name of Registrant as Specified in Its Charter) Alberta, Canada (Jurisdiction of Incorporation or Organization) 150 King Street West, Suite 200 Toronto, Ontario Canada M5H 1J9 (Address of Principal Executive Of ic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F _________________________ Commission File Number 001-32500 TANZANIAN GOLD CORPORATION (Exact Name of Registrant as Specified in Its Charter) ALBERTA, CANADA (Jurisdiction of Incorporation or Organization) #202, 5626 Larch Street, Vancouver, British Columbia Canada V6M 4E1 (Address of Principal Executive Of ices) James Sinclair Executive Chair Tanzanian Gold Corporation #202, 5626 Larch Street, Vancouver, British Columbia Canada ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F Commission File Number 001-32500 TANZANIAN GOLD CORPORATION (Formerly known as TANZANIAN ROYALTY EXPLORATION COMPANY) (Exact Name of Registrant as Specified in Its Charter) ALBERTA, CANADA (Title of Class) Name of Each Exchange on Which Registered (Jurisdiction of Incorporation or Organization) Securities registered or to be registered pursuant to Section 12(g) of the Act: NONE Bay Adelaide Centre, East Tower 22 Adelaide Street ...