Appointment of Joint Broker

20 January 2011

TanzaniteOne Limited

("TanzaniteOne" or "the Company") (AIM: TNZ)

Appointment of Joint Broker

TanzaniteOne, the coloured gemstone producer and developer, today announces the appointment of XCAP Securities PLC as joint broker to the Company with immediate effect.

END

For more information, please visit www.tanzaniteone.com or contact:

Willi Boehm, Company Secretary

+61 8 9367 5211

Bernard Olivier, Chief Executive Director

+61 4089 48182

Nominated Adviser and Broker

Ambrian Partners Limited

Samantha Harrison/Richard Chase

+44 (0) 20 7634 4700

Joint Broker

XCAP Securities PLC

John Grant/Jon Belliss/David Newton

+44 (0) 20 7101 7070

Public Relations

Threadneedle Communications

Laurence Read/ Beth Harris

+44 (0) 20 7653 9850