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HIGHLY PROSPECTIVE GOLD ASSET

Located adjacent to Barrick Gold’s 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt, the ~181km2 property has highly prospective geology, encouraging earlier exploration with promising drilling results on multiple targets. Less than 2% of potential gold hosting structure tested by drilling.

LATEST NEWS

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.

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.

PROJECT SUMMARY

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