Tembo Gold retains investor relations firm

Vancouver, British Columbia–(Newsfile Corp. – May 19, 2022) – Tembo Gold Corp. (TSXV: TEM) (“Tembo” or the “Company”) announces that it has retained Adelaide Capital Markets Inc. (“Adelaide“), an Ontario-based company, to provide digital marketing services to the company for an initial term of six months beginning June 1, 2022. The company has agreed to pay Adelaide a total of $24,000 in six installments equals of $4,000 from the 1st 2022. The Company has also granted 125,000 stock options to Adelaide, exercisable at a price of US$0.245 per share, expiring no earlier than 180 days after termination of the agreement or five years from the date of termination. grant, with 25% vesting every three months. effective September 1, 2022. The above is subject to TSX Venture Exchange approval.

Adelaide was founded by Deborah Honig and is an independent business based in Toronto, Ontario. Adelaide is a full-service investor relations firm. As of the date hereof, Adelaide has no interest, direct or indirect, in the Company or its securities, nor any right to acquire such interest.

About Tembo

Tembo Gold is a Canadian public company listed on the TSX Venture Exchange (“TSX-V”) under the symbol TEM. The Company currently owns a 100% interest in the Tembo gold project, located adjacent to African Barrick’s 20 Moz 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 track record in developing, financing and operating mining projects in Africa.

On behalf of the Tembo Board of Directors,

David Scott
President and CEO
Telephone: +255 767 366 146
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

For more information please contact:

Simon Benstead
Director & CFO

Phone: 604-685-9316
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Marc Cernovitch
Director &
Vice President of Corporate Development

Telephone: +1 647 203 7868
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

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