Tembo Reports Progress of Work on the Buly Trend Target on the Tembo Project in Tanzania

TORONTO, ON--(Marketwired - June 05, 2014) - Tembo Gold Corp. (TSX VENTURE: TEM) (FRANKFURT: T23) ("Tembo" or the "Company") is pleased to report progress on its 2014 work program on the Buly Trend target area on the Tembo Property in the Lake Victoria goldfield of Tanzania. A first drill hole has tested the Buly trend in the vicinity of artisanal workings and an IP geophysical survey has been completed and an initial diamond drill hole through a resulting significant anomaly has commenced. This anomaly is located along the interpreted projected extension of the structure that hosts the Reef 1 orebody at Bulyanhulu Mine.

Highlights of the Buly Trend work program include:

• A strong magnetic lineament characterizes the interpreted extension of the structure hosting Reef 1 at Bulyanhulu Mine;
• A 200m artisanal working is located along this trend;
• TDD0001, drilled through this lineament beneath the workings, intersected a strong broad brittle-ductile shear zone with associated quartz veining but little sulphide and minor Au;
• Initial IP has revealed a strong chargeable and resistive zone along strike at depth to the northwest along the trend at the Ngula 2 target, which has a highly active artisanal working located immediately to the northeast at surface;
• The Ngula 2 target has consistently returned high grades from grab samples of the artisanal production: and
• Drilling of the first drillhole to test the IP chargeability anomaly has commenced.

David Scott President & CEO stated, "The Buly Trend has for very obvious reasons always been considered an important target for the Company. The initial drillhole confirmed that at least one and probably more major shear zones are present in this area and appear to relate directly to the northwest extension of the Bulyanhulu system. The just-completed IP survey now provides us with strong evidence of potential sulphide mineralization possibly associated with a strong shear structure along this same Buly trend. The outcome of the first drillhole testing the chargeability zone is eagerly anticipated. "

Geology of the Buly Trend
The geology of the Bulyanhulu Mine sequence trends northwest into the Tembo licence area. Two northwest-trending structures that host the resource at Bulyanhulu (Reef 1 and Reef 2 450-500m apart), are believed to continue in a northwesterly direction through the boundary separating the properties. Reef 1 is located in a brittle-ductile shear structure located largely within an argillaceous meta-sediment on a mafic-felsic metavolcanic contact. A number of other sub-parallel magnetic lineaments are evident across a broad northwest-striking metavolcanic sequence. These structures commonly occupy contacts between individual lithological units consisting of stacked metavolcanic flows, alternating mafic and felsic meta-volcanic rocks and associated meta-sediments.

Artisanal Workings along the Buly Trend
Artisanal workings along the Buly trend and associated sub-parallel northwest trending structures are limited. This may be attributed to a large extent to extensive cover due to deep weathering of altered structural zones and lithologies. A 200m strike-length dormant working is located 700m from the Bulyanhulu Mine boundary along the northwest magnetic lineament and an initial borehole has been drilled beneath these workings. Further to the northwest along the Buly trend and considered to be associated with deformation and mineralization along this trend, is a group of currently extremely active workings, the Ngula 2 target. Material from these workings has been regularly sampled as random grab samples and consistently returned exceptional grades. Best sample results previously reported from the deep shaft workings at Ngula 2: 27.10g/t Au, 30.70g/t Au, 31.35g/t Au, 38.45g/t Au and 35.60g/t Au.

IP Geophysical Survey
Spectral Geophysics has recently completed an IP survey measuring chargeability and resistivity. The survey was designed to probe to depths in excess of 800m, over a grid adjacent to the Bulyanhulu-Tembo boundary. Initial 200m spaced northeast oriented lines identified areas of interest over which the line spacing was closed to 100m to improve the 3-D model resolution.

The IP survey has revealed a weak sub-vertical chargeability anomaly, developed to a depth exceeding 650m along the Reef 1 trend commencing some 1500m from the boundary with the Bulyanhulu mining licence. This anomaly weakens slightly towards the northwest but approximately 400m further in this direction it strengthens significantly, particularly at depth and for 700m to the northwest to the end of the surveyed grid. The geophysical interpretation indicates that the chargeability response is increasing towards the end of the grid and becoming shallower and is open in that direction. The 3-D modeling of the geophysical response has provided the necessary information to plan initial test drill holes.

A second chargeability anomaly is located approximately 500m to the north, extending in depth from -50m to -450m where it becomes weaker. This anomaly extends some 600m along a northwest trend, parallel to the anomaly that is now being drilled.

Drilling along the Buly Trend
Four drill holes were previously drilled at the Ngula 2 workings along the trend in an attempt to intersect the structures being mined by the artisanal miners, but failed to intersect any mineralized structures. Borehole TDD0001 was drilled some 700m northwest of the licence boundary beneath a 200m long shallow artisanal working along the magnetic lineament interpreted to be the extension of the Bulyanhulu Reef 1 contact structure. The borehole intersected a zone of strong shearing from a depth of 62.60m m to 94.80m. The intersection displays a strongly developed foliation and contains abundant quartz-carbonate veining with minor sulphide but only low concentrations of gold. Further structural deformation was noted as a zone of weak to moderate foliation from 94.80m to 177.40m in a strongly magnetic gabbro. The best results were:

• TDD0001: 0.53g/t Au over 1.00m from 82.00m, and 0.85g/t Au over 1.95m from 162.70m.

Although the gold results along this structure are low grade, the extent and intensity of deformation are considered positive attributes that elsewhere along strike could have the potential to host significant gold mineralization.

The first drillhole, planned to a maximum inclined depth of 750m, will test the IP geophysical chargeability anomaly and has been collared 200m from the northwest limit of the grid in the vicinity of the Ngula 2 artisanal workings. Due to an apparent steeply-dipping offset displacement, it is designed to test both the near-surface anomaly at a vertical depth of 100-200m and the deeper stronger offset anomaly at a depth of 400-500m.

To view Figure 1. Horizontal slice at -50m of the chargeability anomaly showing the proposed borehole trace and approximate position of the anomalies, please visit the following link: http://www.marketwire.com/library/MwGo/2014/6/5/11G016631/Images/TEM65_FIG1-916142778953.jpg 

To view Figure 2. Horizontal slice at -450m of the chargeability anomaly showing the borehole trace and position of the anomaly, please visit the following link: http://www.marketwire.com/library/MwGo/2014/6/5/11G016631/Images/TEM65_FIG2-430105739826.jpg 

To view Figure 3. Section through proposed drillhole TDD0002 targeting intersections through the shallow and deeper anomalies, please visit the following link: http://www.marketwire.com/library/MwGo/2014/6/5/11G016631/Images/TEM65_FIG3-470109454892.jpg

QA/QC
A stringent QA/QC practice is being applied to all sample batches. A Verified Reference Material standard is inserted every 20th sample, a known blank or blank standard every 20th sample and all samples with assays greater than 0.5 g/t Au are re-assayed. 1% of all samples are submitted to an alternative laboratory for check analysis. In addition the laboratory adheres to an internal QA/QC procedure including standard samples and repeats and blanks inserted independently.

The above information has been prepared under the supervision of David Scott, Pr. Sci. Nat., who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.

About Tembo Gold Corp.
Tembo Gold Corp. is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company currently has 100% interest in the Tembo Gold Project that is located adjacent to African Barrick's 14Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The company is led by 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

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

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. In particular, this news release contains forward-looking statements in respect of the results of the gold deportment studies conducted by SGS, including, without limitation, expected CIL recoveries and the expectation of high recoveries based on the preliminary gold deportment results, 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 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 that those expectations will prove to have been correct. With respect to forward-looking statements contained in this news release, the Company has made assumptions regarding, among other things, the ability to develop the Company's Tembo project, the economic climate in the jurisdictions where the Company carries on operations at its Tembo project and commodity prices. Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, a significant drop in the price of gold, political turmoil in Tanzania and other risk factors set forth in the Company's continuous disclosure. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.