NEWS RELEASES

2023

Tembo Announces Change of Name

Vancouver, British Columbia – December 18, 2023 – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) announces that further to its news release dated November 30, 2023, the TSX Venture Exchange has approved the Company’s name change to Lake Victoria Gold Ltd.

Tembo Gold Reports Progress of the Acquisition of Dora Project

Vancouver, British Columbia – December 14, 2023 – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) is pleased to provide an update on the recently announced License Purchase Agreement of the Dora project. The Company is pleased to report that it has satisfied its obligations regarding payment terms of the purchase agreement, and the process of transferring the license has commenced. The Company expects the transfer to be completed during Q1 2024.

Tembo Reports the Progress of Barrick’s Exploration Program on Licenses Acquired from Tembo Gold

November 16, 2023, Vancouver, BC – Tembo Gold Corp. (TSX-V: TEM; FSE:T23) (“Tembo” or the “Company”) is pleased to report that Bulyanhulu Gold Mine Limited (“Buly”), a subsidiary of Barrick Gold Corporation (“Barrick”), has provided the Company with a report on work completed on the six non-core licenses sold to Buly through the Asset Purchase Agreement (APA) signed on December 7, 2021

Tembo Gold Provides Corporate Update

Vancouver, British Columbia — (November 7, 2023) – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) — is pleased to provide this update to its news release dated August 10th, 2023 regarding the acquisition of the Imwelo Gold Project (the “Project”) in Tanzania, and the C$11,520,000 financing with Taifa Group (“Taifa”).

Tembo Gold Provides Corporate Update

Vancouver, British Columbia – September 22, 2023 – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) – is pleased to provide this update to its news release dated August 10th, 2023 regarding the acquisition of the Imwelo Gold Project (the “Project”) in Tanzania, and the C$11,520,000 financing with Taifa Group (“Taifa”).

Tembo Gold Announces Acquisition of Property Adjacent to Recently Announced Imwelo Property

Vancouver, British Columbia – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) – is pleased to announce that its subsidiary Tembo Gold Tanzania Limited (the “Subsidiary“) has entered into a License Purchase Agreement dated August 28th, 2023 (the “Agreement“) with an arm’s length private Tanzanian Citizen, pursuant to which the Subsidiary will acquire (the “Acquisition“) the Dora Gold Project (the “Project“) in Tanzania.

Tembo Gold Announces Transformative Acquisition and Landmark Investment from Tanzanian Strategic Investor

Vancouver, British Columbia – Tembo Gold Corp. (TSXV: TEM) (“Tembo”, or the “Company”) is pleased to announce that it has entered into a Licences Purchase Agreement dated August 9th, 2023 (the “Agreement”) with Lake Victoria Gold Ltd. (“LVG”), a private Australian company, pursuant to which the Company will acquire (the “Acquisition”), indirectly through its wholly-owned subsidiary Tembo Gold Tanzania Limited, LVG’s Imwelo Gold Project (the “Project”) in Tanzania. Tembo has also entered into a binding letter of intent dated August 8th, 2023 for a C$11,520,000 financing with Taifa Mining and Civils Limited (“Taifa”), a prominent Tanzanian mining contracting firm.

Tembo to Generate Maiden Resource Estimate

Vancouver, British Columbia – May 25, 2023 – Tembo Gold Corp. (TSXV: TEM) (FSE: T23A) (OTCQB: TBGPF) (“Tembo” or the “Company”) – David Scott, President & CEO, is pleased to announce that the Company has initiated a maiden resource estimate on its Tembo property, and provides an update on the Company’s strategy for its Tembo project in 2023, focusing initially on resource evaluation and new target testing.

Tembo Reports New Discovery Along the Bulyanhulu Trend

January 19, 2023, Vancouver, BC – Tembo Gold Corp. (TSX-V: TEM; TBGPF: OTCBB; FSE:T23) (“Tembo” or the “Company”) reports that on the Company’s Tembo Project in the Lake Victoria goldfield in Tanzania, a significant new artisanal working has commenced along strike of the neighbouring Bulyanhulu Mine of Barrick Gold. This is an entirely new location for artisanal activity. Grab samples that were retrieved from these artisanal workings at the location, termed Mwasabuka, have returned excellent grades.

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