Tembo Gold Corp.

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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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Tembo Gold Adds 70 km2 Adjoining Bulyanhulu and Provides Prospecting Licence Update

Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) is pleased to announce that it has secured, under license, an additional 70km2 including 30km2 directly adjoining Barrick’s Bulyanhulu Mine. The Company’s prospecting licence holding in Tanzania’s Lake Victoria goldfield, encompassing the Tembo Project, now total 181km2.

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