Tembo Announces Results of Special Meeting of Shareholders

TEMBO ANNOUNCES RESULTS OF SPECIAL MEETING OF

SHAREHOLDERS

Vancouver, July 2, 2020 – Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company”) announces that

at the special meeting of the shareholders of Tembo held on June 30, 2020 in Vancouver, BC , the

shareholders voted in favour of all items of business including a 3:1 share consolidation, continuation of

the Company from the Province of Ontario into the Province of British Columbia and the Company’s new

stock option plan.

The Compa ny intends to complete the share consolidation shortly. Upon completion of the share

consolidation, the Company intends to complete the second tranche of the previously announced private

placement which has been increased to up to $1,100,000 at $0.075 per share (post-consolidation).

About Tembo Gold Corp.

Tembo is a Canadian publicly-listed mineral exploration company with a 100% interest in the Tembo Gold

Project which is located adjacent to African Barrick's 14Moz Bulyanhulu Gold Mine in the prolific Lake

Victoria Greenstone belt in Tanzania. Tembo’s focus is the discovery and development of gold projects in

Africa. The Company has assembled a highly experienced team with a proven history of developing,

financing, and operating mining projects in Africa. The Company’s exploration strategy is to discover

mineral resources as well as conti nue to look for additional opportunities that can bring value to the

Company and shareholders.

On Behalf of the Board of Directors of Tembo,

David Scott

President & CEO

For more information please contact:

Simon Benstead

Director & VP Corporate Development

Phone: 604-685-9316

Email: [email protected]

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DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.