Mr. David Scott reports

TEMBO GOLD REPORTS 16.10 G/T AU OVER 3.00 METERS AND 3.13 G/T GOLD OVER 25.89 METERS FROM TEMBO PROJECT, TANZANIA

Tembo Gold Corp. has released the first assay results from its initial drilling at the Tembo project in the Lake Victoria goldfield of Tanzania. Drilling at the first target consisted of 12 drill holes, six reverse circulation (RC) and six diamond drilling (DD) on alternating section lines 100 metres apart along a 500-metre strike length. The goal of the drill program was to test for multiple mineralized structures at 50-metre and 100-metre depths beneath artisanal workings.

To date assay results from seven holes (three reverse circulation and four diamond drill) have been received and are reported in the associated table, assays for the remaining five holes are pending and will be reported on as soon as they become available.

Highlights include:

• TDD0004: 3.13 grams per tonne (g/t) gold (Au) over 25.89 metres including 8.87 g/t Au over 3.89 metres;
• TDD0005: 10.76 g/t Au over four metres, including 93.3 g/t Au over 0.38 metre;
• TRC0013: 16.10 g/t Au over three metres and 4.01 g/t Au over three metres.

Tembo Gold president and chief executive officer David Scott stated: "We are very excited by these initial drill results as they reinforce our strategy of targeting magnetic lineaments which have significant artisanal activity at surface. These early drill results were beyond our expectations and dramatically illustrate and confirm the potential for widespread high-grade gold mineralization throughout the Tembo project area. Given these very positive results, follow-up deeper drilling is being planned to target mineralization at 100-metre-depth intervals down to 500 metres on this target. We are also pleased to report that four additional drill rigs have been ordered and are en route to site."

Drill program

The initial drilling targeted a southern dominant east-west structure at 50-metre and 100-metre depths, with all holes being extended to between 200 metres and 300 metres in order to intersect a second east-west structure and test for potential deeper structures. All drill holes were drilled at minus-60-degree inclination to the north as initial interpretation of artisanal workings suggested that mineralization dips steeply to the south.

At this locality drilling core structural analysis suggests that three structural directions (east-west, northwest and northeast) are mineralized, with two subparallel east-west zones of artisanal mining intersecting northwest and northeast zones within the target area. Multiple intersections indicate that many of the identified structures are gold bearing. The wide mineralization (3.13 g/t Au over 25.89 metres of core length) encountered in TDD0004 reinforces the possibility of encountering wide lower-grade potentially open-pittable resources in addition to the high-grade narrow structures typical of the nearby Bulyanhulu mine of African Barrick Gold.

All drill core is being oriented using a Reflex instrument to facilitate structural logging and analysis. Preliminary indications are that mineralization may be associated with north- and south-dipping structures and as such two diamond drill holes have been planned from the north to improve the intersection angle through structures with a northern dip and provide additional 3-D information.

         TEMBO PROJECT DRILL RESULTS -- MARCH 13, 2012 
 (To date assay results from seven of 12 holes are available)                                                 

Drill holes         Depth       Depth
completed            from          to      Width             Au
                      (m)         (m)        (m)          (g/t)

TDD0004             41.00       66.89      25.89           3.13
including           41.60       44.50       2.90           4.15
                    47.50       49.00       1.50           2.22
                    60.00       62.00       2.00          12.71
including           60.50       61.00       0.50          36.30
                    63.00       66.89       3.89           8.78
including           63.50       64.00       0.50          20.10
                    65.00       65.23       0.23          17.20
                    65.74       66.30       0.56          15.80
TD00005            152.86      158.00       5.14           8.50
including          154.00      158.00       4.00          10.76
including          155.32      155.70       0.38          93.30
TDD0010            189.50      191.50       2.00           4.48
including          190.60      191.00       0.40           8.23
                   257.80      258.40       0.60           1.69
TDD0011             23.50       24.00       0.50           1.84
TRC0013             19.00       22.00       3.00          16.10
                    85.00       91.00       6.00           2.18
                   103.00      106.00       3.00           4.01
                   248.00      250.00       2.00           2.86
TRC0005            156.00      159.00       3.00           1.80

Drill target areas

A recent light detection and ranging (LiDAR) survey has provided a detailed understanding of the artisanal mining activity within the Tembo project area. The active and historic hardrock artisanal workings total over 10 kilometres of strike length, representing less than 10 per cent of the potentially mineralized structures, when measured as magnetic lineaments. Most importantly the LiDAR survey has shown that there are at least three directions of gold-bearing structures: east-west, northwest and northeast, trending within the Tembo project area. The implications of three potentially mineralized structural directions repeated across the property area are considerable, as the intersection points of the structures are potentially areas of higher grades and wider zones of gold mineralization. Seven priority targets have been defined through a combination of airborne magnetics, gold anomalies in soils and cover, and most importantly artisanal hard rock mining, all having multiple parallel and crosscutting structures present.

Quality assurance/quality control (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 reassayed. One per cent 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.

The above information has been prepared under the supervision of David Scott, PrSciNat, who is designated as a qualified person with the ability and authority to verify the authenticity and validity of the data.

We seek Safe Harbor.