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UPDATE: Tembo Gold Announces 1,000 Meters Strike Length of Gold Mineralization at Nyakagwe East Project; Shares Down 4% Late Morning

Tembo Gold Corp. (TEM.V) reported results from the ongoing 2012 drill program on the Tembo Property in the Lake Victoria goldfield of Tanzania.

Highlights:

- 1,000m of mineralized strike length identified in recent drilling with grades as high as 61.80 g/t gold

- All diamond drill holes encountered gold mineralization with multiple gold bearing structures identified in several holes at depth

- New mineralized strike adds to the 500m at Ngula 1 Project

- Mineralization remains open along strike and at depth with second phase drilling commencing to test depth and extend strike

About 52,000 shares have been traded so far.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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