Tembo Gold Corp.

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Tembo Reports New Discovery Along the Bulyanhulu Trend

January 19, 2023, Vancouver, BC – Tembo Gold Corp. (TSX-V: TEM; TBGPF: OTCBB; FSE:T23) (“Tembo” or the “Company”) reports that on the Company’s Tembo Project in the Lake Victoria goldfield in Tanzania, a significant new artisanal working has commenced along strike of the neighbouring Bulyanhulu Mine of Barrick Gold. This is an entirely new location for artisanal activity. Grab samples that were retrieved from these artisanal workings at the location, termed Mwasabuka, have returned excellent grades.

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Tembo Reports the Commencement and Progress of Barrick’s Exploration Program on Licences Recently Acquired From Tembo

November 10, 2022, Vancouver, British Columbia – Tembo Gold Corp. (TSX-V: TEM; FSE:T23) (“Tembo” or the “Company”) is pleased to report that Bulyanhulu Gold Mine Limited (“Buly“), a subsidiary of Barrick Gold Corporation (“Barrick”), has provided the Company with the first Quarterly Report on work carried out on the licenses which Tembo recently sold to Buly.

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Tembo Announces the First Results of the 2022 Diamond Drilling Programme – Including 12.96g/t Gold over 5.54 meters

Vancouver, British Columbia – November 3, 2022 – Tembo Gold Corp. (TSXV: TEM) (FSE: T23A) (“Tembo” or the “Company”) is pleased to announce the first results of the 2022 diamond drilling campaign on the Company’s Tembo Project in Tanzania. The Company has designed a 7,000m programme of drilling of which approximately 5,500m is expected to be completed before the drillers break commences in December.

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Tembo Gold Provides Update On Financing

Vancouver, British Columbia — June 29, 2022 – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) announces that it has completed a first tranche closing of its non-brokered private placement financing (the “Private Placement”) announced on April 27, 2022 by issuing 740,000 common shares (each, a “Share”) of the Company, at a price of CDN$0.27 per

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Tembo Gold Announces Completion of Sale of Non-Core Licences to Barrick Gold and Strategic Equity Investment

Vancouver, April 22, 2022 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to announce that it has completed its previously announced sale of certain non-core prospecting licenses in Tanzania (the “Licenses”) with Barrick Gold Corporation (TSE: ABX; NYSE: GOLD) (“Barrick”) and Bulyanhulu Gold Mine Limited (“Buly”), a subsidiary of Barrick

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Tembo Gold Corp Provides Update on Agreement with Barrick Gold for Sale of Non-Core Licences and Equity Investment

Vancouver, April 8th, 2022 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to provide this update to its news release dated December 7th 2021 regarding the sale of non-core licenses to, and an equity placement by, Barrick Gold Corporation’s (“Barrick”) Tanzanian subsidiary, Bulyanhulu Gold Mine Limited (“Bulyanhulu”).

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Tembo Gold Enters Agreement With Barrick Gold for Sale of Non-Core Licences and Equity Investment

Vancouver, December 7th, 2021 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to announce that it has entered into a binding agreement with Barrick Gold Corporation (TSE: ABX; NYSE: GOLD) (“Barrick”), Bulyanhulu Gold Mine Limited (“Buly”), a subsidiary of Barrick, and Mineral Industry Promotion and Consulting Company Limited (“MIPCCL”), a wholly-owned subsidiary of the Company, dated December 7th, 2021 (the “Purchase Agreement”) in respect of the sale of certain non-core prospecting licenses.

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Tembo Gold Progresses Remobilisation Activities

Vancouver, British Columbia — October 28, 2021 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to advise that preparations to commence the next phase of exploration drilling are progressing with the retention of the services of country and administrative manager, Paul Magege, the establishment of a new registered office in Dar es Salaam, submission to the Mining Commission of the advice that a drilling contract is to be awarded, and the commencement of site preparations including camp refurbishment and recommissioning.

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Tembo Gold Corporate Update

Vancouver, British Columbia – September 9, 2021 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to provide this update on recent activities and the status of the Company, highlighting the planned imminent restart of exploration activities at its Tembo Gold Project in the highly prolific Lake Victoria Goldfield in northern Tanzania.

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Tembo Announces Second and Final Closing of Non-Brokered Private Placement

Vancouver, British Columbia – August 25, 2021 – Tembo Gold Corp. announces that further to its news releases dated June 23rd, 2021 and August 3rd, 2021, the Company has completed the second and final closing of its non-brokered private placement financing by issuing an additional 706,666 common shares of the Company, at a price of $0.15 per Share.

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Tembo Announces $3,000,000 Non-Brokered Private Placement

Vancouver, British Columbia – June 23, 2021 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to announce that pursuant to a price reservation filed with the TSX Venture Exchange (the “Exchange”) on June 7th 2021, the Company proposes to complete a non-brokered private placement (the “Private Placement”) consisting of 20,000,000 common shares, at a price of $0.15 per share, for total gross proceeds of up to $3,000,000.

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