Tembo Reports Drilling Results from the 2014 Drilling Program at the Nyakagwe East Target in Tanzania

June 26, 2014

TORONTO, ONTARIO - Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23) ("Tembo" or the "Company") is pleased to report progress on its 2014 work program on the Buly Trend target area on the Tembo Property in the Lake Victoria goldfield of Tanzania. A first drill hole has tested the Buly trend in the vicinity of artisanal workings and an IP geophysical survey has been completed and an initial Diamond drill hole through a resulting significant anomaly has commenced. This anomaly is located along the interpreted projected extension of the structure that hosts the Reef 1 orebody at Bulyanhulu Mine.

Highlights of the Buly Trend work program include:

• A strong magnetic lineament characterizes the interpreted extension of the structure hosting Reef 1 at Bulyanhulu Mine;
• A 200m artisanal working is located along this trend;
• TDD0001, drilled through this lineament beneath the workings, intersected a strong broad brittle-ductile shear zone with associated quartz veining but little sulphide and minor Au;
• Initial IP has revealed a strong chargeable and resistive zone along strike at depth to the northwest along the trend at the Ngula 2 target, which has a highly active artisanal working located immediately to the northeast at surface;
• The Ngula 2 target has consistently returned high grades from grab samples of the artisanal production: and
• Drilling of the first drillhole to test the IP chargeability anomaly has commenced.

David Scott President & CEO stated, "The Buly Trend has for very obvious reasons always been considered an important target for the Company. The initial drillhole confirmed that at least one and probably more major shear zones are present in this area and appear to relate directly to the northwest extension of the Bulyanhulu system. The just-completed IP survey now provides us with strong evidence of potential sulphide mineralization possibly associated with a strong shear structure along this same Buly trend. The outcome of the first drillhole testing the chargeability zone is eagerly anticipated. "

The Nyakagwe East Target
Nyakagwe East is located at the eastern end of an extensive area of historical artisanal mining that extends from Nyakagwe Village and Mgusu in the west and northwest. To the southeast, the northwest-trending structures that are the focus of the artisanal workings are deeply covered by an extensive area of mbuga (black cotton soil) and the flood plain of the Bulyanhulu River. The workings consist of two parallel areas of northwest-trending pits and shafts, each with more than one zone of mining apparent along lines of shafts. Diamond drilling conducted in 2008, which returned good results, was followed up by Tembo in 2012.

Best historical drill holes included:

• DD001: 10.25g/t Au over 3.50m from 38.50m;
  
• DD005: 9.73g/t Au over 3.40m from 81.94m;
  
• DD008: 12.40g/t Au over 0.41m from 100.67m: and
  
• DD011: 7.94g/t Au over 2.00m from 45.10m.

The 2012 Diamond and reverse circulation drilling programs (previously reported) returned best results of:

• TDD0019: 4.67g/t Au over 1.67m from 67.73m;
  
• TDD0029: 61.80g/t Au over 0.68m from 277.24m;
  
• TDD0030: 4.57g/t Au over 1.61m from 49.89m;
  
• TDD0104: 4.72g/t Au over 2.11m from 66.80m;
  
• TDD0127: 5.51g/t over 1.50m from 117.00m; and
  
• TRC0234: 5.46g/t Au over 2.00m from 109.00m.

The drilling completed at Nyakagwe East to date shows that there are a number of west-northwest-trending, steep south-dipping structures that host gold mineralization. Two structural zones, one to the north and one to the south, are separated by a younger east-west striking magnetic dyke. Each zone has at least two structures, interpreted as mineralized fault zones. Mineralization along the structures is variable, in places wide and high grade and elsewhere narrow and low grade. The structures appear to be consistently developed and, where well mineralized, contain white to smoky grey quartz veins and abundant disseminated sulphide, predominantly pyrite but locally containing minor pyrrhotite. Mineralization has been intersected along a 1km strike and is open ended in both directions. It is apparent that the Nyakagwe East target structures persist to the west, where they have been exploited by the artisanal workings associated with the Nyakagwe Village and Mgusu areas.

Table 1. Nyakagwe East Drilling Results 2014 (all boreholes)

Notes to the above table:

1. Widths represent drill intersection widths not corrected for drill hole inclination and dip of the geological zone. True widths have not been determined.
   
2. Drill holes have not been drilled in numerical sequence and not all drill holes in a sequence have necessarily been drilled. Drill hole numbers represent the original drill hole identification assigned when planned.
   
3. No capping of high-grade values has been applied to the assay results.

Drill Program Q3 2014
Further drilling during Q3 2014 at Nyakagwe East will await the review of all drilling results at this and other targets so priorities can be established. A preliminary program of in-fill holes and drill holes aimed to test the western extension of Nyakagwe East mineralization into the Nyakagwe Village and Mgusu target areas has been prepared.

QA/QC
A stringent QA/QC practice is being applied to all sample batches. A Verified Reference Material standard is inserted every 20th sample, a known blank or blank standard every 20th sample and all samples with assays greater than 0.5 g/t Au are re-assayed. 1% of all samples are submitted to an alternative laboratory for check analysis. In addition the laboratory adheres to an internal QA/QC procedure including standard samples and repeats and blanks inserted independently.

Figure 1: Nyakagwe East target drilling status

The above information has been prepared under the supervision of David Scott, Pr. Sci. Nat., who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.

About Tembo Gold Corp.
Tembo Gold Corp. is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company currently has 100% interest in the Tembo Gold Project that is located adjacent to African Barrick's 14Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The company is led by a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. The Company's exploration strategy is to discover mineral resources as well as continue to look for additional opportunities that can bring value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo, David Scott, President & CEO

On Behalf of the Board of Directors of Tembo,

David Scott
President & CEO

For more information please contact:
Tembo Gold Corp.
Marc Cernovitch
Director & VP Business Development
Phone:  416.619.9010
Email:   [email protected]
www.tembogold.com

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