Tembo Provides Annual and Interim Filings Update
TEMBO PROVIDES ANNUAL AND INTERIM FILINGS UPDATE
Vancouver, May 29th 2020 – Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company”) is providing an update
on the status of the filing of its annual financial statements and accompanying management’s discussion and analysis
for the financial year ended December 31, 2019 together with the related officer certificates (collectively, the
“Annual Filings”), which were required to be filed by April 29, 2020 under National Instrument 51-102 – Continuous
Disclosure Obligations (“NI 51 -102”). As previously announced, the Company is relying on the 45 -day filings
extension for its Annual Filings provided under B.C. Instrument 51 -515 – Temporary Exemption from Certain
Corporate Finance Requirements (“BCI 51-515”). The 45-day extension is being provided in response to the COVID -
19 pandemic, for certain periodic filings that are required to be made on or before June 1, 2020.
The Company also intends to rely on the extension provided by BCI 51 -515 for its interim financial statements and
accompanying management’s discussion and analysis for the three months ending March 31, 2020, together with
the related officer certificates (collectively, the “Interim Filings”) as required by Part 4 and Part 5 of N I 51-102 and
Part 5 of National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings. The Company
continues to work diligently and expeditiously to file its Annual Filings and Interim Filings before June 14, 2020 and
July 16, 2020, respectively. At this time it is not certain that the Company can meet these deadlines and accordingly
the Company is making necessary plans for additional filings with regulatory authorities to extend the filing
deadlines.
The Company’s directors, officers and other insiders are subject to a trading blackout that reflec ts the principals
described in s ection 9 of National Policy 11 -207 – Failure-to-File Cease Trade Orders a nd Revocations in Multiple
Jurisdictions, until such time as it is no longer applic able. The Company confirms that there have been no material
business developments that have occurred subsequent to the filing of t he Company’s September 30, 2019 interim
financial statements on November 28, 2019, that have not already been disclosed by the Company through news
releases filed on SEDAR.
About Tembo Gold Corp.
Tembo is a Canadian publicly -listed mineral exploration company with a 100% interest in the Tembo G old 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 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. 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
For more information please contact:
Simon Benstead
Director & VP Business 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.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward -looking information. Forward looking statements are often,
but not always, identified by the use of words such as "seek", "anticipate; "plan", "continue; "estimate; "expect", "may, "will",
"intend", "could", "might", "should", "believe" and similar expressions. This news release contains forward -looking statements,
including, without limitation, the anticipated filing date for the Annual Filings and the Interim Filings. Forward-looking statements
are based upon the opinions and expectations of management of the Company as at the effective date of such statements and,
in certain cases, information provided or dissemi nated by third parties. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third
party sources is reliable, they can give no assurance t hat those expectations will prove to have been correct. Readers are
cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materi ally from
results contemplated by the forward -looking statements. Factors that could cause actual results to differ materially from those
in forward-looking statements include that the Company does not file its Annual Filings or Interim Filings by the anticipated date.
Accordingly, the actual events may differ materially from those projected in the forward -looking statements. When relying on
forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors a nd other
uncertainties and should not place undue reliance on such forward -looking statements. The Company does not undertake to
update any forward-looking statements, except as may be required by applicable securities laws.