[Marinir] {Disarmed} Tembo (TSX-V: TEM) Samples up to 30 g/t Gold

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Wed Mar 28 16:52:03 CEST 2012


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http://www.tembogold.com/ 

Tembo Reports Ngula 2 Artisanal Sampling Results of Up to 30g/t Gold 

Tembo Gold Corp. (TSX Venture Exchange: TEM 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=TEM&region=C&lookup=symbol&snapshot=default 

) is pleased to announce assay results from artisanal workings sampling 
at the Ngula 2 target at the Tembo project in the Lake Victoria 
goldfield in Tanzania. The samples returned an average grade of 17.9g/t 
gold and ranged between 7.37g/t and 30g/t gold as reflected in the table 
below. 

The Tembo project geologist requested 10 samples from artisanal miners 
when they re-entered the working area after blasting at depth at the 
Ngula 2 site. These samples came directly from the working faces and 
were not geologically controlled but are considered to be representative 
of the mineralized material currently being mined at the particular 
working face but not necessarily of the entire Ngula 2 target area. Gold 
assays were conducted at the SGS laboratory in Mwanza, Tanzania. 

The excellent results further support the general view that the 
artisanal mining activity being carried out on the Tembo Project is high 
grade and specifically indicates that the mineralized material being 
mined at Ngula 2 is consistent with the high grades from the grab 
samples reported previously (as reported on March 2, 2012) as well as 
the high grades encountered in the recent drill assays at Ngula 1 target 
(as reported on March 13, 2012). The taking of these samples underground 
was not supervised and there is no geological control on their context. 
As such they should be considered as selected grab samples. 

Sample 

Number Gold Grade (g/t) 

Primary Gold Grade (g/t) 

Repeat 

NG0001 12.6 12.9 

NG0002 21.6 18.5 

NG0003 15.6 16.1 

NG0004 30 28.6 

NG0005 22.3 No repeat done 

NG0006 10.1 9.82 

NG0007 20.7 17.9 

NG0008 23.6 No repeat done 

NG0009 7.37 7.28 

NG0010 15.4 16.8 

Note: All assays were conducted using on a 50g aliquot by fire assay 
with an AAS finish providing a detection limit of 0.01ppm to 100ppm. 

The Ngula 2 target consists of three sub-parallel workings totaling 
approximately 900m of strike and trending northeast that have not been 
tested by drilling. The magnetic lineament interpretation indicates that 
the structures extend to the northeast and southwest, and that there are 
northwest trending structures intersecting these within the artisanal 
mined area, which may be contributing to the mineralization. Both 
structural directions will be tested by diamond drilling within the 
workings and RC drilling along the unmined extensions. 

As a result of the increased confidence that we have in artisanal mining 
grade and continuity through the outcome of the LIDAR survey 
interpretation and the artisanal grab sampling, three additional rigs 
(two diamond drills and one RC) have been requested from the contractors 
to add to the two diamond drilling and two reverse circulation rigs 
already in operation. One additional reverse circulation and diamond 
drill rig have already been mobilized and will be deployed at Ngula 2. 
The initial diamond drill holes will provide the geological and 
structural information required to facilitate the detailed planning of 
the drill program and the RC rig will test the extensions to the zone in 
both directions where no artisanal mining is evident. 

Tembo Gold President and CEO, David Scott, stated, "This encouraging 
sampling has further raised our confidence to the extent we can mobilise 
further drill rigs to site in order to complete and fast track the 
planned program of drilling for 2012. This second drill target holds a 
lot of promise and we look forward to the results of the drill program." 

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 is a Canadian public company listed on the TSX Venture 
Exchange ("TSX-V") under the symbol TEM. The Company currently has 100% 
interest in the Tembo Gold Project which is located adjacent to African 
Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone 
belt in Tanzania. Our focus is the discovery and development of 
world-class 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. With approximately $13 million in 
the Treasury, 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 

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. 
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 
properties, the economic climate in the jurisdictions where the Company 
carries on operations 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. 

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. 

CONTACT INFORMATION: 

Tembo Gold Corp. 

Marc Cernovitch 

Director & VP Business Development 

416.619.9010 

mcernovitch at tembogold.com www.tembogold.com 

http://www.tembogold.com 

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