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LVG.V ·

Tembo Resignation of Director

Management Changes

TEMBO RESIGNATION OF DIRECTOR

Vancouver, July 29, 2020 - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company”) announces the

resignation of Mr. David Anthony from the Board of Directors of the Company for personal reasons. Mr.

David Scott, CEO of the Company, thanks Mr. Anthony for his time serving as a director and wishes him

well in his future endeavors.

About Tembo Gold Corp.

Tembo 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 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.

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 t he 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 w ill remain a public

company following the change of control. Forward-looking statements are based upon the opinions and expectations

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of management of the Company as at the effective date of such statements and, in certain cases, information

provided or dis seminated 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 assuran ce 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 suita ble for other purposes. Readers are

cautioned not to place undue reliance on forward-looking statements.