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Message: Tembo's latest assays...very close to RHR's property...

These assays from Tembo are extremely close to RHR’s land package! It is very likely these results trend on to Redhill’s property. Why RHR is still trading at under 6 cents in an absolute mystery. SMF069

Tembo Gold Reports Grades of 16.58 g/t Gold Over 3.55m and 27.88 g/t Gold Over 3m From the First Drill Holes at the Nyakagwe Village Target

TORONTO, ONTARIO --Tembo Gold Corp. (TSX VENTURE:TEM) (FRANKFURT:T23) (OTCQX:TBGPF) ("Tembo" or "the Company")is pleased to report results from the ongoing 2012 drill program on the Tembo Property in the Lake Victoria goldfield of Tanzania. The new discovery holes at the Nyakagwe Village target were drilled in the phase 1 drilling program on the Tembo property, and have returned these excellent early drill results (Table 1). With these intersections Tembo has now encountered significant gold mineralization in the initial drilling at all of the first four targets it has drilled (Figure 1). These drill holes demonstrated multiples zones of high grade mineralization near surface and at depth.

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Highlights

  • New discovery holes confirm significant high-grade gold mineralization at 4thtarget area on the Tembo project.
    • TDD0107: 3.55m of 16.58 g/t of gold and 3m of 27.88 g/t of gold from 44m to 69m
    • TDD0101: 1m of 78.1 g/t of gold from 294m to 295m
  • Drill holes demonstrate high grades near surface and at depth where it is anticipated to increase in grade and continuity
  • Artisanal grab samples returned grades ranging from 3 to 58 g/t of gold
  • 100% of diamond holes drilled encounter gold mineralization greater

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David Scott, President & CEO, stated, "We are particularly pleased with these exceptional drill results as they have demonstrated multiple zones of high grade mineralization near surface as well as high grade mineralization at depth almost 300m down hole. The robust nature of the veins and mineralization encountered in TDD0107 is very encouraging. We continue to believe that the mineralization will increase in grade and consistency at depth as was experienced at Bulyanhulu. All of our diamond drill holes at Nyakagwe village encountered gold mineralization, and we have now confirmed significant gold mineralization at all four of our initial targets. We have had great success targeting magnetic structures coincident with artisanal workings and we will continue to test our high grade targets at depth and along strike to better understand the extent of the gold mineralization."

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Figure 1: Summary of Tembo Property and Drill Results

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Figure 2: Nyakagwe Village Project Significant Drill Results and Samples

Table 1: 2012 Highlights from Diamond Drilling at Nyakagwe Village

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BH ID From (m) To (m) Width (m) Gold (g/t) Width (m) Gold (g/t) Width (m) Gold (g/t)
TDD0101 205.00 206.00 1.00 0.71
286.00 287.00 1.00 0.89 2.00 0.91
287.00 288.00 1.00 0.93
294.00 295.00 1.00 78.10 1.00 78.10
299.00 299.34 0.34 1.18
TDD0102 48.08 49.00 0.92 2.90
160.08 160.98 0.90 1.63
160.98 162.14 1.16 0.72 2.92 1.32
162.14 163.00 0.86 1.79
263.03 264.00 0.97 2.31
TDD0107 43.88 44.43 0.55 2.11 3.55 16.58
44.43 44.94 0.51 8.03
44.94 45.32 0.38 36.30
45.32 46.05 0.73 14.30
46.05 46.57 0.52 24.20
46.57 47.43 0.86 19.50
65.90 66.84 0.94 12.60 3.00 27.88 3.00 27.88
66.84 67.40 0.56 5.51
67.40 68.11 0.71 29.80
68.11 68.90 0.79 60.20
229.20 230.08 0.88 0.71
TDD0114 69.48 71.00 1.52 1.74 2.52 1.42
71.00 72.00 1 0.94
TDD0128 82.85 83.81 0.96 0.86
146.28 146.79 0.51 0.84 3.22 1.85
146.79 147.12 0.33 0.69
147.12 147.85 0.73 4.00 0.73 4.00
147.85 148.12 0.27 1.28
148.12 149.50 1.38 1.48
264.60 265.70 1.10 2.48 1.10 2.48
TDD0137 38.00 38.50 0.50 3.90 1.50 2.63
38.50 39.50 1.00 2.00

* Widths represent down hole core lengths and true widths are unknown at this time.

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Drill Program

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To date we have drilled a total of 1,301m in six diamond drill holes, all of which have encountered gold mineralization greater than 0.5 g/t. The Nyakagwe Village target is located at the southern edge of the broad, semi-arcuate belt of active artisanal workings (up to 1000m wide) stretching eastwards through the Mgusu target to the Nyakagwe East target area (a distance of some 1,500m). The main artisanal workings at Nyakagwe Village comprise a pit with dimensions of some 100m x 100m and 15m depth within an area containing numerous vertical shafts over a rectangular area some 200m by 100m. Artisanal shafts located on the southern edge of the pit extend to depths in excess of 30 m below surface. Higher grade samples from these workings exhibit very fine grained visible gold associated with vein quartz. The high grades intersected in drill holes are associated with quartz veining and sulphides (predominantly pyrite) within meta-basalts. Further diamond and RC drilling is planned to define the structural controls on the mineralisation.

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Artisanal Sampling

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The main artisanal mining area consists of an extensive open pit immediately to the east of Nyakagwe Village. Current mining is primarily from a series of shafts to the south of the pit, exploiting a series of quartz veins at depth (that were intersected by drill hole TDD0107). Previously reported sampling of material mined in the vicinity of the pit (Table 2) has returned an average grade of 16.42 g/t.

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Table 2: Nyakagwe Village Artisanal Sampling (as previous reported on March 2, 2012)

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Easting Northing Depth Description Gold g/t
436536 9645029 12.8 4cm QV -H/W Basalt/sed - F/W seds 3.09
436526 9645011 12.8 4cm QV shallow dipping 58.47
436527 9644991 22.1 1m QV 14.43
436550 9644982 18.8 QV - thickness? 10.36
436519 9644978 25.0 Av. of 5 samples 9.53
436528 9644984 23.0 Av. of 5 samples 9.41
436549 9644979 QV + pyrite (av. of 2 samples) 9.66
Average 16.42

Table 3: Borehole collar coordinates, azimuth and collar dip, and final depth for all Nyakagwe Village boreholes

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Hole_ID Type Easting Northing Elevation Azimuth CollarDip Eoh
TDD0100* DD 436500.00 9645070.00 1225.00 330.00 -60.00 38.40
TDD0101 DD 436500.00 9645120.00 1225.00 90.00 -60.00 302.10
TDD0102 DD 436540.00 9645170.00 1225.00 90.00 -60.00 275.60
TDD0107 DD 436494.00 9644928.00 1225.00 30.00 -60.00 300.90
TDD0114 DD 436440.00 9644930.00 1225.00 30.00 -60.00 134.80
TDD0128 DD 436658.00 9645006.00 1225.00 270.00 -60.00 300.70
TDD0137 DD 436560.00 9644927.00 1225.00 30.00 -60.00 150.00
Total meters 1,502.50

*Abandoned.

QA/QC

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A stringent QA/QC practice is being applied to all sample batches. A Verified Reference Material standard is inserted every 20thsample, a known blank or blank standard every 20thsample and all samples with assays greater than 0.5 g/t gold 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.

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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.

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