Tembo Provides Update ON Status of Management Cease Trade Order
TEMBO PROVIDES UPDATE ON STATUS OF MANAGEMENT CEASE TRADE ORDER
Vancouver, July 10, 2019 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) announces
that further to its press releases dated April 29 , 2019, May 1, 2019, May 15, 2019, May 29, 2019,
May 31, 2019, June 12, 2019 and June 26, 2019, it has not filed its annual audited consolidated financial
statements, management’s discussion and analysis, and chief executive officer and chief financial officer
certifications for the financial year ended December 31, 2018 (collectively, the “Required Filings”), which
were required to be filed by April 30, 201 9. Tembo has also not filed its condensed consolidated interim
financial statements, management’s discussion and analysis , and chief executive o fficer and chief
financial officer certifications for the t hree months ended March 31, 2019 , which were requ ired to be
filed by May 30, 2019. The British Columbia Securities Commission granted a management cease trade
order against the Company’s chief executive officer and chief financial officer (“MCTO”) on May 1, 2019.
Pursuant to the requirements of Section 10 of National Policy 12 -203 Management Cease Trade Orders
(the “Alternative Information Guidelines”), the Company reports the following:
1. there have been no material changes in the affairs of the Company and work is progressing on
the Company’s audit;
2. there has not been any failure by the Company in fulfilling its stated intentions with respect to
satisfying the provisions of the Alternative Information Guidelines;
3. there has not been, nor is there anticipated to be, any specified default subsequent to the
failure of the Company to file the Required Filings by April 30, 2019; and
4. there is no other material information about the affairs of the Company that has not been
generally disclosed.
The Company confirms that it intends to satisfy the provisions of the Alternative Information Guidelines
for so long as it remains in default of the filing requirements set out herein.
About Tembo Gold Corp.
Tembo Gold Crop (TSX -V: TEM) 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 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
This press release contains forward -looking statements. The forward-looking statements contained in this
document are based on certain key expectations and assumptions made by Tembo and are often, but not always,
identified by the use of words such as “anticipates”, “intends ’, “expects”, and similar expressions. Al though Tembo
believes that the expectations and assumptions on which the forward- looking statements are based are
reasonable, undue reliance should not be placed on the forward- looking statements because Tembo can give no
assurance that they will prove to be correct. Since forward -looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and ri sks. These include, but are not limited to, the
timing for filing the Required Filings and the required filings in connection with the condensed consolidated
interim financial statements for the three months ended March 31, 2019 , failure to obtain financia l information
from its Tanzanian subsidiaries, and risks associated with the mining industry in general. Readers are cautioned
that the foregoing list of factors is not exhaustive. The forward -looking statements contained in this document are
made as of t he date hereof and Tembo undertakes no obligation to update publicly or revise any forward -looking
statements or information, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws.