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Tembo Engages Torrey Hills Capital for U.S. Investor Relations

TORONTO, ONTARIO -- (Marketwire) -- 02/02/13 -- Tembo Gold Corp. (TSX VENTURE:TEM)(OTCQX:TBGPF)(FRANKFURT:T23) ("Tembo" or the "Company") is pleased to announce that it has engaged San Diego Torrey Hills Capital, Inc. ("Torrey Hills") to provide investor relations services through investor road show meetings, public relations, and online media.

Torrey Hills is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills will increase awareness of Tembo through presentation meetings with investment professionals, investment advisors, and money managers focused on the microcap market space.

Torrey Hills will also profile Tembo on its website, www.babybulls.com, which showcases and provides exposure for emerging micro-cap companies to an audience of proven micro-cap investors.

Torrey Hills has been engaged on a month-by-month basis at a monthly fee of US$5,000 and will be granted stock options to purchase up to 200,000 common shares of Tembo for a period of three years at a price of $0.50 per share. The Options shall be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.

The appointment of Torrey Hills as an investor relations consultant of Tembo and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

About Torrey Hills Capital Inc.

Torrey Hills is a leading financial investor and public relations firm focused on small and micro-cap companies which trade in the United States, Canada, and Australia. Their marketing activities articulate their clients' key investment attributes, strategic direction, and financial expectations, all of which combine to ensure that their market value fully reflects past achievements and future opportunities. Torrey Hills focuses on a limited number of companies in order to provide comprehensive coverage, including unique investment related features not available anywhere else.

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

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 the use of the net proceeds from the Private Placement, the completion and timing of additional closings of the Non-Brokered Private Placement, the payment of certain finders' fees and the listing of the Common Shares on the TSXV. 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.

Contacts:
Tembo Gold Corp.
Marc Cernovitch
Director & VP Business Development
416.619.9010
[email protected]
www.tembogold.com

Apex Capital Inc.
Brett Allan
416.907.4148
[email protected]

Torrey Hills Capital
Jim Macdonald
858.456.7300
[email protected]

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