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Tembo Gold Grants Stock Options

Share Capital & Compensation

Tembo Gold Grants Stock Options

October 28, 2022, Vancouver, BC – Tembo Gold Corp. (TSX.v:TEM) ("Tembo", or the "Company") announces the

granting of 150,000 stock options to a consultant to the Company, exercisable at a price of $0.20 per share, for a

period of three years, with 25% vesting every three months beginning January 28, 2023.

About Tembo Gold Corp.

Tembo is a Canadian publicly listed mineral exploration company (TEM on the TSX Venture Exchange) with a 100%

interest in the Tembo Gold Project. 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 continue 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

Phone: +255 767 366 146

Email: [email protected]

For more information please contact:

Simon Benstead

Director & VP Corporate Development

Phone: 604-685-9316

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.