Mr. Marc Cernovitch reports

TEMBO GOLD CORP. ANNOUNCES EQUITY FINANCING

Tembo Gold Corp. has filed a preliminary short-form prospectus in connection with a fully marketed offering of units of the company at a price of 40 cents per unit to raise minimum total gross proceeds of $3.5-million. The offering is being conducted by a syndicate of agents led by Canaccord Genuity Corp. Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 60 cents for a period of 36 months following the closing date.

In addition, the company has granted the agents an option to purchase up to that number of additional units as is equal to 15 per cent of the units issued pursuant to the offering, exercisable for a period of up to 48 hours prior to the closing of the offering.

The units to be issued under the offering will be offered by way of a short-form prospectus filed in British Columbia, Alberta and Ontario.

The proceeds raised from the offering will be used for the exploration and development of the company's projects in Tanzania, and for general working capital purposes.

The offering is expected to close on or about Feb. 28, 2013, and is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

We seek Safe Harbor.