Diamond Drilling Program Results At Tembo Project

VANCOUVER - Tembo Gold Corp. reported on the diamond drilling campaign at the Tembo Project in Tanzania. The Company has designed a 7,000m program of drilling of which approximately 5,500m is expected to be completed before the drillers break commences in December. Significant gold intersections have been achieved and structural interpretation of the results is providing an improved understanding of the controls in mineralization at the three targets, Ngula 1, Nyakagwe Village and Nyakagwe East.

A total of 3,353m of drilling has been completed at the three targets, Nyakagwe Village, Ngula 1, and Nyakagwe East, comprising a total of 18 drill holes. The best intersections returned included 12.96g/t Au over 5.54m from 89.01m including 29.67g/t Au over 2.35m from 91.44m at Nyakagwe Village. All holes have been logged and sampled to date intersected gold mineralization and confirmed the geological continuity of structures hosting the gold. The structural controls on mineralization are now being evaluated in detail to improve the targeting of future drilling planned for 2023, and the commencement of a resource-definition drill program. The drilling has achieved a number of exceptional high-grade individual samples at Nyakagwe Village TDD0162 84.14g/t Au over 0.67m from 89.61m, TDD0163 37.43g/t Au over 0.30m from 115.72m, TDD0164 57.23g/t Au over 0.30m from 57.28m. These results are associated with robust geology comprising strong shearing of the host rock, alteration, quartz veining and sulphide mineralization.

667 m of drilling comprising four drill holes has been completed at Nyakagwe Village. The drilling is following up the excellent intersections reported from the 2012-2014 drill program that included: TDD0071 - 24.72g/t Au over 1.45m from 85.25m; TDD0101 - 78.10g/t Au over 1.00m from 294.00m; TDD0107 - 16.58g/t Au over 3.55m from 43.88 and 27.88g/t Au over 3.00m from 65.90m. The latest drilling has returned the following results: TDD0162 - 12.96g/t Au over 5.54m from 89.01m including 29.67g/t Au over 2.35m from 91.44m; TDD0163 - 5.76g/t Au over 1.22m from 105.97m and 37.43g/t Au over 0.30m from 115.72m; TDD0164 - 7.06g/t Au over 2.69m from 57.28m. All holes intersected multiple gold-bearing structures and further drill results are awaited. The mineralization has similar geological controls to Ngula 1 with a dominant east-west structure but northeast-southwest structures providing a secondary control on enriched mineralization. Ongoing drilling is planned to further investigate these structural controls, then to be followed by deeper drilling to determine the initial resource potential.

Two holes totaling 405m have been completed at Nyakagwe East. Drill results are awaited and will be utilized to direct the next stage of drilling.

2281 m of drilling comprising twelve drill holes has been completed at Ngula 1. These are following up on the excellent results achieved previously at this target in 2012-2014, which included: TDD0004 - 9.38g/t Au over 6.30m from 60.00m; TDD0005 - 15.59g/t Au over 2.68m from 155.32; TDD0041 - 22.81g/t Au over 15.00m from 299.00m; TDD0054 - 11.85g/t Au over 8.02m from 117.93m; TDD0111 - 21.47g/t Au over 2.45m from 53.35m. Most 2022 drill holes intersected multiple gold-bearing structures. The best 2022 results at Ngula 1 include: TDD0153 - 3.55g/t Au over 3.11m from 44.25m; TDD0156 - 1.51g/t Au over 10.18m from 143.10m including 2.33g/t Au over 3.45m from 146.54m and 3.47g/t Au over 0.75m from 157.76m; TDD0157 - 4.95g/t Au over 1.67m from 120.12m; TDD0158 - 17.60g/t Au over 1.48m from 31.12m . Drilling is ongoing and further drill results are awaited. The Ngula 1 drilling has confirmed that mineralization intersected within this target area is controlled by dominant east-west structures, with secondary NW-SE and NE-SW structures controlling higher-grade gold intersections. Follow-up drilling will now focus on delineating the strike and plunge extensions of these high-grade intersections with the goal of defining an initial resource. Additionally, new artisanal workings on Ngula 1 are to be mapped and sampled to complement the interpretation of the current drilling program and potentially identify new drill targets.

Exploration Manager, Hendrik Meiring, said, "The initial drill program for this year has successfully confirmed the styles of mineralization and the key structural controls within the three targeted areas This new information is critical to the updating of our geological modeling and the focusing of the next stages of our drilling program."