Tembo Gold Corp. announced to facilitate the transition, founding director, Marc Cernovitch, will become CEO; Simon Benstead, long serving director and CFO, will also become Executive Chairman; and Seth Dickinson will become COO and immediately be appointed to the board of directors. David Scott, in his new role as Managing Director Tanzania and special geological advisor to the board, will work closely with Marc, Simon and Seth with a focus on identifying and evaluating accretive opportunities for the Company.

The Company also enthusiastically looks forward to welcoming Richard Reynolds to the board of directors, upon closing of the transaction with Taifa, anticipated to take place in First Quarter 2024. Seth Dickinson: With 30 years of mining experience including mine management, contract mining, feasibility studies, and project management, Seth is a welcome addition to the LVG team. Seth was the Project Manager for the construction of South Walker Creek Mine which was in production within 100 days of commencement.

Project Manager for Broadlea Mine including exploration, design, construction and finally operations all within budget and schedule. Seth was a significant shareholder in the Broadlea Mine. He holds a First Class Mine Managers ticket covering both open pit and underground mines.

Seth holds a Bachelor of Engineering (Mining) and Graduate Diploma of Business Administration from the University of Queensland. Richard Renolds: Richard is the CEO of Taifa Mining and Civils, the largest mining contractor in Tanzania with clients such as Barrick Gold and AngloGold Ashanti. He has a broad base of experience obtained in international commercial and business development, through varied projects and businesses mostly located in East Africa and UAE.

He has extensive experience obtained within the Rail, Telecoms, Mining, and Construction sectors. Richard has a broad based experience obtained in international commercial and business development, through varied projects and businesses mostly located in East Africa and UAE. Extensive experience obtained within the Rail, Telecoms, Mining, and Construction sectors.