Tembo Gold Corp. Announces Positive Preliminary Outcomes of the GoldSpot Collaboration Project

Vancouver, June 1, 2021 - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce the initial results of the work being conducted by GoldSpot Discoveries Corp. ("GoldSpot"), in conjunction with the Tembo geological team. The Company announced the collaboration agreement with GoldSpot on August 20^th, 2020 (https://www.newsfilecorp.com/release/62139/Tembo-Gold-Technical-Collaboration-Agreement). GoldSpot is applying the broad experience and knowledge of their multidisciplinary team of geoscientists and data scientists, coupled with artificial intelligence computing technology to re-interpret the Tembo data and any other available data that is relevant to the Tembo project area, to generate structural targets for ongoing gold exploration.

Highlights of the Outcomes to Date

• GoldSpot has primarily focused on geophysics (airborne magnetics and ground induced polarization), soil and rock geochemistry, satellite imagery (ASTER data), structural interpretation, LithoLens (analysing core photography), gold distribution modeling and regional prospectivity mapping using the Random Forrest algorithm.
• The data analysis and interpretation has provided an updated geophysical interpretation and improved structural understanding.
• The work has resulted in confirmation of multiple targets on the Tembo property and, most importantly, has facilitated the spatial definition and prioritisation of the targets that is now the basis for planning a programme of systematic and focused exploration with a high degree of confidence.
• In total, the GoldSpot Smart targeting approach was able to identify and rank 54 new targets on the property (Figure 1).
• Arising out of this a number of recommendations regarding further work programmes have been provided.
• The Company has prepared an initial drilling programme to provide further intersections of newly prioritized zones of mineralization with particular focus on generating detailed structural information.
• Wider exploration activity has also been recommended, including geochemical and geophysical surveys, and will be prioritized after evaluation of all lithological, structural, and assay data generated from this initial drill programme.
• The budget for this drilling will provide for 2,000m of diamond drilling, 5,500m of reverse circulation drilling and 7,500m of RAB/Aircore.

Figure 1. 54 new targets have been generated through the GoldSpot-Tembo collaborative re-interpretation

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2214/85939_c042dcfa84f16ac4_002full.jpg

Smart Targeting Approach

The GoldSpot team of experts undertook the interpretation and analysis of each individual type of dataset available. Systematic evaluation of the various geophysical (magnetic and IP) datasets, in conjunction with high resolution LIDAR orthophotography and the detailed digital elevation model has led to the recognition of two important deformation events that appear to have played critical roles in the localization of many of the targeted zones of mineralization. Numerous northwest-southeast trending structures, the same orientation of those hosting the 20M oz Bulyanhulu gold deposit, together with northeast-southwest and east-west structural were identified by the GoldSpot study.

Key path-finder elements were identified from the existing Tembo geochemical database, and, together with the Muscovite Saturation Index, were demonstrated to be of potential value in highlighting structural zones of interest in drill core and will play an important role in the evaluation of the new drill programme.

The integration of all these variables and the resulting new interpretations have led to a greatly enhanced geological understanding of the area. Importantly, this Smart geological model has not only demonstrated strong similarities with the adjacent Bulyhanhulu gold deposits but also highlighted the additional mineralized structural trends and multiple targets within the Tembo Project area.

David Scott, President & CEO, stated, "This collaborative re-interpretation and enhancement of the technical consideration of the Tembo data has greatly improved the overall understanding of the geological setting within this greenstone fragment, has identified invaluable characteristics that are interpreted to accompany gold mineralization, and allowed us to identify what the future work programmes will consist of and prioritise these programmes on each of the targets to be tested. The work has confirmed our prior view that the Tembo project contains many targets characterized by structural attributes that may host gold mineralization. The detailed work programmes and budgets are now under preparation and will be launched shortly."

A stringent QA/QC practice is being applied to all sample batches. A Verified Reference Material standard is inserted in every 20^th sample, a known blank or blank standard every 20^th sample and all samples with assays greater than 0.5g/t are re-assayed. 1% of all samples are submitted to an alternative laboratory for check analysis. In addition to this practice, 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 is a Canadian publicly listed mineral exploration company with a 100% interest in the Tembo Gold Project. 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.

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.

On Behalf of the Board of Directors of Tembo:

David Scott
President & CEO
Phone: 255-767-366146
Email: dscott@tembogold.com

For more information please contact:

Simon Benstead
Director & VP Corporate Development
Phone: 604-685-9316
Email: investors@tembogold.com

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 Required 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 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. 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 materially 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 Required 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 and 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.

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.

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