TEM Tembo Gold Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Tembo Gold Corp. (TSX VENTURE:TEM)(OTCQX:TBGPF)(FRANKFURT:T23) ("Tembo" or the
"Company") announces that it is not proceeding with its marketed offering of
units of the Company announced on February 6, 2013. 


The previously announced marketed offering caused the Company to re-consider its
financing alternatives and management has determined that less dilutive
opportunities may be available, and additional time is required to fully assess
the opportunities that exist. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


About Tembo Gold Corp.

Tembo is a Canadian publicly listed mineral exploration company focused on the
exploration and development of gold projects in Tanzania and the rest of Africa.
The Company currently has a 100% interest in the Tembo Gold Project that is
located adjacent to African Barrick's Bulyanhulu Mine in the prolific Lake
Victoria Greenstone belt in Tanzania. The company is led by a highly experienced
team with a proven history of developing, financing, and operating mining
projects in Africa.


On behalf of the Board of Directors of Tembo, David Scott, President, CEO and
Director.


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. In particular, this news release contains forward-looking
statements in respect of potential financing opportunities, including bridge
financing. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tembo Gold Corp.
Marc Cernovitch
Director & VP Business Development
416.619.9010
mcernovitch@tembogold.com

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