LVG.V · 2022-09-13 12:00:00

Tembo Gold Closes Financing

Financings

September 13, 2022, Vancouver, BC – Tembo Gold Corp. (TSX.v:TEM) ("Tembo", or the "Company") announces

the closing of the second and final tranche of its non -brokered private placement financing (the “ Private

Placement”) announced on April 27, 2022. The Company has issued in aggregate 1,085, 000 common shares

(each, a “Share”) of the Company, at a price of CDN$0.27 per Share for gross proceeds of $292,950. The proceeds

will be used for general working capital. All securities issued are subject to a hold period expiring four months

plus a day from the date of closing. No finder’s fees were paid.

About Tembo

Tembo Gold is a Canadian public company listed on the TSX Venture Exchange ("TSX -V") under the symbol TEM.

The Company currently has 100% interest in the Tembo Gold Project which is located adjacent to African Barrick's

20Moz Bulyanhulu Mine in the prolifi c Lake Victoria Greenstone belt in Tanzania. Our focus is the discovery and

development of world-class 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.

On Behalf of the Board of Directors of Tembo,

David Scott

President & CEO

Phone: +255 767 366 146

For more information please contact:

Simon Benstead Marc Cernovitch

Director & CFO Director & VP Corporate Development

Phone: 604-685-9316 Phone: +1 647 203 7868

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.