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File: TEM2016.04.05_Application for MCTO (FINAL).docx

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Tembo Gold Corp. To Be Late in Filing Fiscal 2015 Financials; Applies For Management Cease Trade Order 
April 5, 2016, Tembo Gold Corp. (TSXV: TEM) (FRANKFURT: T23) ("Tembo" or the "Company") anticipates that it will be un
--->able to file its annual audited consolidated financial statements, management's discussion and analysis and chief exec
--->utive officer and chief financial officer certifications for the financial year ended December 31, 2015 (collectively,
---> the "Required Filings") by the filing deadline of April 29, 2016.  Accordingly, the Company has made an application t
--->o the applicable regulatory authorities for a management cease trade order (the "MCTO"), which, if granted, will prohi
--->bit the Company's chief executive officer and chief financial officer from trading, directly or indirectly, in the sec
--->urities of the Company until the Company files the Required Filings and the MCTO is revoked but will not affect the ab
--->ility 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 Compa
--->ny's subsidiaries in Tanzania.  The Company has engaged an auditor in Tanzania and expects to receive the required fin
--->ancial information from its Tanzanian subsidiaries by late-April, 2016.  Tembo anticipates that it will file the Requi
--->red Filings by June 29, 2016.  The Company confirms that it intends to satisfy the provisions of the alternative infor
--->mation 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.

About Tembo Gold Corp.
Tembo is a Canadian publicly-listed mineral exploration company focused on the exploration and development of gold pro
--->jects in Tanzania and the rest of Africa. The Company currently has a 100% interest in the Tembo Gold Project that is 
--->located adjacent to African Barrick's Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The C
--->ompany is led by a highly experienced team with a proven history of developing, financing, and operating mining projec
--->ts in Africa. The Company's exploration strategy is to discover mineral resources as well as continue to look for addi
--->tional opportunities that can bring value to the Company and its Shareholders.

On Behalf of the Board of Directors of Tembo,

David Scott
President & CEO

For more information please contact:
Marc Cernovitch
Director & VP Business Development

Phone: 416.619.9010
Email: mcernovitch@tembogold.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


Forward-Looking Statements

This press release contains forward-looking statements. The forward-looking statements contained in this document are 
--->based on certain key expectations and assumptions made by Tembo and are often, but not always, identified by the use o
--->f words such as "anticipates", "intends', "expects", and similar expressions. Although Tembo believes that the expecta
--->tions and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be p
--->laced on the forward-looking statements because Tembo can give no assurance that they will prove to be correct. Since 
--->forward-looking statements address future events and conditions, by their very nature they involve inherent risks and 
--->uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and 
--->risks. These include, but are not limited to, the timing for filing the Required Filings, failure to obtain financial 
--->information from its Tanzanian subsidiaries, and risks associated with the mining industry in general.  Readers are ca
--->utioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in this documen
--->t are made as of the date hereof and Tembo undertakes no obligation to update publicly or revise any forward-looking s
--->tatements or information, whether as a result of new information, future events or otherwise, unless so required by ap
--->plicable securities laws.