Tembo Grants Stock Options

September 30, 2011

TEMBO GOLD CORP. (the "Company" or "Tembo") announces the granting of stock options to its directors, officers and consultants for the purchase of up to 500,000 common shares, at a price of $0.54 per share, for a period of 3 years.

For further information regarding Tembo, see Tembo's disclosure documents on SEDAR at www.sedar.com.

Marc Cernovitch
Phone: (647) 203-7868

Colin Taylor
Phone: (306) 664-4626

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 joint news release contains the following forward‐looking statements in respect to the effective date of the name change and consolidation. 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 certain assumptions and although the Company believes that 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.