Mr. David Scott reports

TEMBO GOLD CORP. TO BE LATE IN FILING FISCAL 2015 FINANCIALS; APPLIES FOR MANAGEMENT CEASE TRADE ORDER

Tembo Gold Corp. anticipates that it will be unable to file its annual audited consolidated financial statements, management discussion and analysis, and chief executive officer and chief financial officer certifications for the financial year ended Dec. 31, 2015, by the filing deadline of April 29, 2016. Accordingly, the company has made an application to the applicable regulatory authorities for a management cease trade order, which, if granted, will prohibit the company's chief executive officer and chief financial officer from trading, directly or indirectly, in the securities of the company until the company files the required filings and the management cease trade order is revoked, but will not affect the ability of the company's shareholders to trade in the company's securities.

The delay in filing the required filings is the result of difficulty in obtaining financial information from the company's subsidiaries in Tanzania. The company has engaged an auditor in Tanzania and expects to receive the required financial information from its Tanzanian subsidiaries by late April, 2016. Tembo anticipates that it will file the required filings by June 29, 2016. The company confirms that it intends to satisfy the provisions of the alternative information guidelines set out in National Policy 12-203, Cease Trade Orders for Canadian Disclosure Defaults, for so long as it remains in default of the filing requirements set out herein.

The company confirms that, as at the date hereof, there are no insolvency proceedings against it and there is no other material information concerning the affairs of the company that has not been generally disclosed.

We seek Safe Harbor.