Mr. David Scott reports

TEMBO GOLD REPORTS GRADES OF 16.58 G/T GOLD OVER 3.55M AND 27.88 G/T GOLD OVER 3M FROM THE FIRST DRILL HOLES AT THE NYAKAGWE VILLAGE TARGET

Tembo Gold Corp. is releasing results from the continuing 2012 drill program on the Tembo property in the Lake Victoria goldfield of Tanzania. The new discovery holes at the Nyakagwe Village target were drilled in the phase 1 drilling program on the Tembo property and have returned these excellent early drill results (see the table). With these intersections Tembo has now encountered significant gold mineralization in the initial drilling at all of the first four targets it has drilled. These drill holes demonstrated multiples zones of high-grade mineralization near surface and at depth.

Highlights:

• New discovery holes confirm significant high-grade gold mineralization at fourth target area on the Tembo project:
  • TDD0107 -- 3.55 metres of 16.58 grams per tonne gold and three metres of 27.88 grams per tonne gold from 44 metres to 69 metres;
  • TDD0101 -- one metre of 78.1 grams per tonne gold from 294 metres to 295 metres.
• Drill holes demonstrate high grades near surface and at depth where they are anticipated to increase in grade and continuity.
• Artisanal grab samples returned grades ranging from three g/t gold to 58 g/t gold.
• 100 per cent of diamond holes drilled encounter gold mineralization.

David Scott, president and chief executive officer, stated: "We are particularly pleased with these exceptional drill results as they have demonstrated multiple zones of high-grade mineralization near surface as well as high-grade mineralization at depth almost 300 m downhole. The robust nature of the veins and mineralization encountered in TDD0107 is very encouraging. We continue to believe that the mineralization will increase in grade and consistency at depth, as was experienced at Bulyanhulu. All of our diamond drill holes at Nyakagwe Village encountered gold mineralization, and we have now confirmed significant gold mineralization at all four of our initial targets. We have had great success targeting magnetic structures coincident with artisanal workings and we will continue to test our high-grade targets at depth and along strike to better understand the extent of the gold mineralization."

          2012 HIGHLIGHTS FROM DIAMOND DRILLING AT NYAKAGWE VILLAGE

              From       To   Width    Gold   Width    Gold   Width    Gold
BH ID          (m)      (m)     (m)   (g/t)     (m)   (g/t)     (m)   (g/t)

TDD0101     205.00   206.00    1.00    0.71                                           
            286.00   287.00    1.00    0.89    2.00    0.91                
            287.00   288.00    1.00    0.93                                
            294.00   295.00    1.00   78.10                    1.00   78.10            
            299.00   299.34    0.34    1.18                                
TDD0102      48.08    49.00    0.92    2.90                                            
            160.08   160.98    0.90    1.63                                
            160.98   162.14    1.16    0.72    2.92    1.32                
            162.14   163.00    0.86    1.79                                            
            263.03   264.00    0.97    2.31                                
TDD0107      43.88    44.43    0.55    2.11                    3.55   16.58
             44.43    44.94    0.51    8.03                                
             44.94    45.32    0.38   36.30                                
             45.32    46.05    0.73   14.30                                
             46.05    46.57    0.52   24.20                                
             46.57    47.43    0.86   19.50                                            
             65.90    66.84    0.94   12.60                    3.00   27.88
             66.84    67.40    0.56    5.51                                
                                               3.00   27.88                
             67.40    68.11    0.71   29.80                                
             68.11    68.90    0.79   60.20                                           
            229.20   230.08    0.88    0.71                                
TDD0114      69.48    71.00    1.52    1.74    2.52    1.42                
             71.00    72.00       1    0.94                                
TDD0128      82.85    83.81    0.96    0.86                                            
            146.28   146.79    0.51    0.84                                
            146.79   147.12    0.33    0.69                                
            147.12   147.85    0.73    4.00    3.22    1.85    0.73    4.00
            147.85   148.12    0.27    1.28                                
            148.12   149.50    1.38    1.48                                            
            264.60   265.70    1.10    2.48                    1.10    2.48
TDD0137      38.00    38.50    0.50    3.90    1.50    2.63                
             38.50    39.50    1.00    2.00                                

(i) Widths represent downhole core lengths, and true widths are unknown at
this time.

Drill program

To date, the company has drilled a total of 1,301 m in six diamond drill holes, all of which have encountered gold mineralization greater than 0.5 g/t. The Nyakagwe Village target is located at the southern edge of the broad, semi-arcuate belt of active artisanal workings (up to 1,000 m wide) stretching eastward through the Mgusu target to the Nyakagwe East target area (a distance of about 1,500 m). The main artisanal workings at Nyakagwe Village comprise a pit with dimensions of about 100 m by 100 m and 15 m depth within an area containing numerous vertical shafts over a rectangular area about 200 m by 100 m. Artisanal shafts located on the southern edge of the pit extend to depths in excess of 30 m below surface. Higher-grade samples from these workings exhibit very fine-grained visible gold associated with vein quartz. The high grades intersected in drill holes are associated with quartz veining and sulphides (predominantly pyrite) within metabasalts. Further diamond and RC drilling is planned to define the structural controls on the mineralization.

Artisanal sampling

The main artisanal mining area consists of an extensive open pit immediately to the east of Nyakagwe Village. Current mining is primarily from a series of shafts to the south of the pit, exploiting a series of quartz veins at depth (that were intersected by drill hole TDD0107). Previously reported sampling of material mined in the vicinity of the pit has returned an average grade of 16.42 g/t.

Quality assurance/quality control

A stringent quality assurance/quality control 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 gram per tonne gold are reassayed. Of all samples, 1 per cent are submitted to an alternative laboratory for check analysis. In addition, the laboratory adheres to an internal quality assurance/quality control 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.