Tembo Provides Private Placement Update

TEMBO PROVIDES PRIVATE PLACEMENT UPDATE

Vancouver, April 10, 2019 – Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company”) announces that

as per the Company’s press release dated February 12, 2019, the Company wishes to provide this update.

The Company is working to finalize all subscription agreements and receive regulatory approvals to the

financing. The Company anticipates that closing will now occur on or about May 13th, 2019.

About Tembo Gold Corp.

Tembo Gold Cro p (T SX-V: TEM) is a Canadian publicly-listed mineral exploration c ompany with a 100%

interest in the Tembo Gold Project which is located adjacent to African Barrick's 14Moz B ulyanhulu 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,

Simon Benstead,

CFO & Director

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 in respect of certain anticipated goals and expectations in connection with the Financing, including,

without limitation, the use of the net proceeds from the Financing, the receipt of applicable shareholder approval in

connection with the change of control of the Company, the anticipated lock-up and voting arrangements to be entered

into by the Investor Group, the anticipated reconstitution of the board of directors of Tembo, the anticipated approval

of the TSXV for the Financing and the expectation that Tembo will remain a public company following the change of

control. 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 disseminated by third parties.

Although the Company believes that th e 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

that those expectations will prove to have been correct. The forward-looking statements contained herein after provided

for the purpose of providing readers with the Company’s expectations and goals in connection with the Financing, and

may not be suitable for other purposes. Readers are cautioned not to place undue reliance on forward- looking

statements.