Tembo Gold Grants RSUs

December 8, 2023, Vancouver, BC – Tembo Gold Corp. (TSXV:TEM) (“Tembo” or the “Company”) – announces that pursuant to the equity incentive plan adopted by the Company in June 2022, the Company has granted 9,600,000 restricted share units (“RSUs”) to its directors, officers and employees. The RSUs vest four months from the grant date.

On Behalf of the Board of Directors of Tembo,

Simon Benstead Executive Chairman & CFO

Phone: +1 604-685-9316 Email: [email protected]

For more information please contact:

Simon Benstead Marc Cernovitch Executive Chairman & CFO CEO & Director

Phone : + 1 604-685-9316 Phone: +1 604-685-9316

Email : [email protected] Email : [email protected]

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.