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

Marketwire

Tembo Gold Corp.

February 1, 2013 - 11:08:49 PM

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

TORONTO, ONTARIO--(Marketwire - Feb. 1, 2013) - 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.

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

Apex Capital Inc.
Brett Allan
416.907.4148
ballan@apexcap.ca

Torrey Hills Capital
Jim Macdonald
858.456.7300
jmacdonald@torreyhillscapital.com

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.