TORONTO, ONTARIO -- (Marketwire) -- 04/10/12 -- Tembo Gold Corp. (TSX VENTURE: TEM)(FRANKFURT: T23) ("Tembo" or the "Company") is pleased to announce that Peter Haworth, a highly experienced exploration and mining geologist with considerable African exploration and project management experience, has been appointed as Exploration Manager. Peter will be based in Tanzania where Tembo is undertaking an extensive Phase 1, 90,000 meter drilling program on the Tembo Gold Project. Peter has a BSc (Engineering) (Mining Geology) from University of the Witwatersrand and a Master of Business Leadership from the University of South Africa, and boasts a Mine Managers Certificate of Competency in South Africa. In addition to broad geological experience in a number of commodities, Peter, most importantly, spent nine years in the Barberton Mountain Land of South Africa, host to greenstone gold mineralization and with a long history of operating mines. Following that, for two years Peter was exploration manager West Africa for Avgold Limited, managing gold exploration programs in Burkina Faso, Ghana and Senegal. Most recently Peter was with Metorex Ltd and managed large exploration drilling programs in the Democratic Republic of the Congo and has gained extensive experience in both RC and diamond drilling.
David Scott, President & CEO stated "We are extremely pleased that Peter has accepted our offer to lead our exploration efforts in Tanzania and know that he will form an invaluable member of our exploration team. With five drill rigs currently turning and three more scheduled to be mobilized in the next couple of weeks, his experience and leadership will be important in our maintaining focus and ensuring consistent standards of geological inputs and understanding."
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.
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Contacts:
Tembo Gold Corp.
Marc Cernovitch
Director & VP Business Development
416.619.9010
mcernovitch@tembogold.com
www.tembogold.com
