Tembo Announces Change of NAME

TEMBO ANNOUNCES CHANGE OF NAME

December 18, 2023, Vancouver, BC – Tembo Gold Corp. (TSXV:TEM) (“Tembo” or the “Company”) announces

that further to its news release dated November 30, 2023, the TSX Venture Exchange has approved the Company’s

name change to Lake Victoria Gold Ltd. The Company's new trading symbol on the TSX -V will be “LVG” . The

effective date when the Company will begin trading under the new name and CUSIP number is Thursday ,

December 21st , 2023.

The Company's new CUSIP number is 510915101 and the transfer agent of the Company continues to be Alliance

Trust. There is no change in the capitalization of the Company in connection with the change of name and no

action will be required by existing shareholders with respect to the name change. Shareholders holding share

certificates of the Company can request a replacement certificate, however new certificates are not required and

will not be automatically issued.

The name change is separate and distinct from the acquisition of Imwelo Project from Lake Victoria Gold Limited.

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.