Corporate Presenation of Tembo Gold Corp (TSX.V: TEM; Frankfurt: T23)

1. TSX-V: TEM
Investor Presentation
April 2012

2. Forward Looking Statement
This report includes certain statements that may be deemed forward-looking. All
statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration drilling, exploitation activities
and events or developments that the company expects, are forward-looking
statements. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward looking statements.
Factors that could cause actual results to differ materially from those in forward-
looking statements include market prices, exploitation and exploration successes,
availability of capital and financing, and general economic, market or business
conditions. Investors are cautioned that actual results or developments may differ
materially from those projected in the forward-looking statements.
The information contained in this presentation has been prepared under the
supervision of David Scott, Pr. Sci. Nat., who is designated as a "Qualified Person"
with the ability and authority to verify the authenticity and validity of the data.
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3. Tembo at a Glance
• Highly Prospective Tanzanian Gold Asset
– A 123km2 contiguous area consisting of 110km2 of active licences and 13km2 under
application
– Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria
greenstone belt of Tanzania
– Highly prospective geology, encouraging earlier exploration with promising results,
artisanal mining and multiple targets identified
• High Quality Management Team
– CEO: David Scott, formerly of Barrick Gold’s subsidiary Kahama Mining Corporation, 32
years’ experience, 13 years in Tanzania
– Chairman: Dave Anthony, former COO of African Barrick, 30 years experience, 10 years in
Tanzania
• Extensive Artisanal Activity
– Over 2,000 artisanal miners operating in over 100 active mine shafts up to 90m in depth
– Artisanal mining along a combined strike in excess of 10km along Bulyanhulu parallel
northwest, northeast and east-west structures
– Extracting high grade 5-50 g/t material
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4. Capital Structure
Clean capital structure with limited shares outstanding and well funded
Capital Structure Share Performance
TSX-V Symbol TEM
Share Price (as at Apr 09, 2012) $1.30
52 Week Range $1.20 - 2.29
Issued and Outstanding 40,350,838
Fully Diluted 54,723,709
Market Capitalization ~$53M
Working Capital ~$13M
Options and Warrants Holders
Warrants 10,338,871 Founders & Management 30%
Options 4,034,000 Insiders 20%
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5. Firsthand and Extensive Experience
MANAGEMENT TEAM
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6. Directors & Management
Former Bulyanhulu management leading the company
• David Scott – President & CEO
– Former Technical Services Manager for Barrick Gold’s subsidiary Kahama Mining
Corporation; responsible for all Technical Services at Bulyanhulu including on-mine
exploration activities
– Over 32 years of African exploration and mining experience with 13 years in Tanzania
– Extensive knowledge of Tanzanian geology including direct experience at Bulyanhulu
– Substantial government and industry contacts in Tanzania
• Dave Anthony - Chairman
– Former COO of African Barrick Gold and member of executive team that took ABG
public
– 10 years in Tanzania: responsible for design, construction and operation of 3 of 4 world-
class Barrick operations (Bulyanhulu, Buzwagi, Tulawaka)
– Government and industry network in Tanzanian mining industry
– Held multiple senior positions with gold and base metal mining companies (Barrick,
Cominco, Hudson Bay M&S, Royal Oak Mines, Cliffs Natural Resources)
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7. Directors & Management
Experienced mining professionals strengthen the corporate team
• John Seaman – CFO
– Mr. Seaman has been involved with several successful mining projects and is currently the CFO for Premier Gold Mines
– Previously held the position of CFO of Wolfden and Pediment which were both bought out by majors
• Robert Sedgemore – Director
– Former Global Mining Specialist with IFC, a division of the World Bank
– Managed and prepared scoping, feasibility studies, engineering services and project delivery support for capital projects up to
$2.5B USD
– Significant EPCM projects include Codelco Cu Refinery, Escondida phase 3 & 3.5, BHP Tintaya Cu Oxide, Piedras Verde Cu, CAL
Energy Zinc, and the Escondida Oxide project
• Pierre Julien – Director
– Extensive involvement in Bulyanhulu process plant design and delivery
– Former President and CEO of Norcast Castings, major international supplier of grinding technology and former President of
Outotec North America, global leader in the supply of mineral processing plants, technology and services
– Seasoned Executive and Founder of Lincoln Strategic and ORE+PROS Inc, mining industry service providers
• Marc Cernovitch – Director
– Extensive capital markets experience having held various roles for multiple jr. resource companies for the past 10 years
• Colin Taylor – Director
– Experienced in a wide range of managerial roles within the resource industry in both Canada and abroad
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8. Technical & Local Team
African experts The Mineral Corporation leading the exploration
• Peter Haworth - Exploration Manager: 33 years experience in exploration and mine geology and in
mine management, extensive drill project and greenstone gold experience in southern, east and
west Africa
• The Mineral Corporation (TMC), exploration contractors, a leading senior advisor, consultant and
contractor
– John Murphy – Director: Twenty years of professional geological experience in base and
precious metal exploration and mining in Africa, including Archaean gold project generation,
due diligence and exploration in Tanzania
– Dr. Johan Krynauw – Senior Geological Advisor: Thirty-nine years of experience as a geologist,
including base and precious metals exploration and exploration management in the Archaean
terranes of Africa, with a specialisation in geochemistry
– Alan Goldsmith – Senior Geological Advisor: Twenty years of professional geological
experience in base and precious metal exploration in Africa, including gold exploration in
Tanzania, specializing in Geographical Information System applications and exploration
– Noleen Pauls – Senior Geological Advisor: Eighteen years of geological experience in mineral
exploration and mining, including gold exploration management and execution in sub-Saharan
Africa and South America
• Local corporate administrative and governmental liaison leadership
– Paul Magege - Country Manager: a founding shareholder with strong local relationships and a
skilled administrator
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9. Historic and Recent Work
TEMBO GOLD PROJECT
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10. Lake Victoria Mining Camp
Located in an established mining camp with 50m ounces of gold resources
P&P Indicated Inferred Total • Six modern mining operations
Company Mine (Moz) (Moz) (Moz) (Moz)
African Barrick
African Barrick
Bulyanhulu
North Mara
11.0
2.8
2.9
1.8
3.3 17.3
3.7 8.4
• Significantly improved infrastructure
African Barrick Buzwagi 2.9 0.6 0.2 3.7
African Barrick
African Barrick
Nyanzaga
Golden Ridge
0.0
0.0
0.3
0.5
0.7
0.2
1.0
0.7
• Strong gold endowment
African Barrick Tulawaka 0.1 0.1 0.0 0.2
AngloGold Ashanti
Resolute
Geita
Golden Pride
4.2
0.3
4.5
2.5
2.6 11.3
0.5 3.3
• Well understood geological granite
Resolute
Tanzanian Royalty
Nyakafuru
Buckreef
0.0
0.0
0.5
1.0
0.5
1.0
1.1
2.0
greenstone terrane with parallels
Total 21.4 14.7 12.7 48.8
Totals represents current resources and does not account for depeleted resources
worldwide
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11. The Tembo Project
A significant land package with exciting underexplored potential
• Large contiguous ground holding
– 110km2 active licence area and
13km2 under application
• Project credentials
– Historic exploration database with
good results
– >10km of extensively continuous
artisanal workings
– Adjacent and along strike to African
Barrick’s 20Moz Bulyanhulu mine
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12. The Bulyanhulu Connection
Bulyanhulu geological and structural extensions are dominant on Tembo property
• Bulyanhulu, a 4km long, 2km deep,
2m wide high grade orebody
• Bulyanhulu SML underexplored
• Both areas are extensively covered
and provide erratic but important soil
geochemistry results
• Numerous magnetic structural
lineaments cross the licence
boundary and are mined by artisanal
miners on both properties
• Tembo property has contiguous
geology and structural continuity of
adjacent Bulyanhulu property
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13. Historical Exploration
Exploration results suggest a highly prospective area that is under-drilled
• Airborne magnetics
– Defines the extent of the greenstone
meta-volcanics
– Demonstrates geological continuity
with the area to the southeast
– Suggests there are > 100km of
favourable structures
• Geochemistry
– Soils, RAB/aircore, and pitting
indicate widespread presence of gold
– Numerous anomalous values
returned
– Extensive transported cover up to
10m thick masks geology and
precludes strong cohesive anomalies
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14. Artisanal Activity
Significant artisanal activity further confirms gold mineralization
• Over 2,000 artisanal miners operating over 100 mine shafts
• More than 2,800 shafts located along Bulyanhulu parallel, east-west, and
northwest structures totalling over >10km
• Mining from surface to depths in excess of 70m
• Milling on site, with current grades ranging from 5 to 50 g/t
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15. Advancing The Project
WORK PROGRAM
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16. LIDAR and Recent Field Mapping
2011 LIDAR Survey identifies over 10km of artisanal mining zones
• LIDAR Survey and field mapping
– DTM and high resolution orthophoto
identifies numerous previously
unrecognised areas of mining
– Individual laterally continuous zones
of mining extend up to 2km in strike
and for a total of >10km
– The zones correspond to conjugate
structures reflected in the magnetics
• Artisanal mining
– Ore from artisanal pits consists
predominantly of quartz vein and
sheared metavolcanic host with
abundant evidence of sulphide
– Grade of up to 58g/t returned from
artisanal face sampling
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17. Target Generation and Prioritisation
Targets with artisanal mining prioritised for 2012 drilling
• Target Prioritisation
– Magnetics
– Soil and RAB geochemistry
– LIDAR Survey and field mapping
– Targets represent <10% of the
potentially mineralised structures
indicated by the magnetics
• Drilling Approach
– A combined RC and diamond drilling
approach applied
– RC will test for less well defined
targets and for in-fill drilling
– Diamond drilling will be used to test
well known structures (extensive
artisanal mining) and provide
geological control
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18. Initial 2012 Drill Results
First drills results confirm significant gold grades and show additional potential
TEMBO PROJECT SIGNIFICANT DRILL RESULTS - March 13, 2012
• Highlights Include: Boreholes Depth from Depth to Thickness Au
completed*1 (m) (m) (m)*2 (g/t)*3
– TDD0004: 3.13 g/t Au over 25.89m TDD0004 41.00 66.89 25.89 3.13
including 41.60 44.50 2.90 4.15
including 8.87 g/t Au over 3.89m; 47.50 49.00 1.50 2.22
– TDD0005: 10.76 g/t Au over 4.00m, including
60.00
60.50
62.00
61.00
2.00
0.50
12.71
36.30
including 93.3 g/t Au over 0.38m 63.00 66.89 3.89 8.78
and; including 63.50
65.00
64.00
65.23
0.50
0.23
20.10
17.20
– TRC0013: 16.10 g/t Au over 3.00m 65.74 66.30 0.56 15.80
TDD0005 152.86 158.00 5.14 8.50
and 4.01 g/t Au over 3.00m including 154.00 158.00 4.00 10.76
including 155.32 155.70 0.38 93.30
TDD0010 189.50 191.50 2.00 4.48
• First Drill Holes including 190.60 191.00 0.40 8.23
257.80 258.40 0.60 1.69
– 12 drill-holes, 6 reverse circulation TDD0011 23.50 24.00 0.50 1.84
(RC) and 6 diamond drilling (DD) TRC0013
including
19.00
19.00
22.00
20.00
3.00
1.00
16.10
– Alternate 100m spacing along a 500m 20.00
21.00
21.00
22.00
1.00
1.00
strike length 85.00 91.00 6.00 2.18
103.00 106.00 3.00 4.01
– Testing multiple mineralized 248.00 250.00 2.00 2.86
structures at 50 and 100m depths TRC0005 156.00 159.00 3.00 1.80
*1 TDD = Diamond Drill and TRC = Reverse Circulation
beneath artisanal workings *2 Widths represent down hole core lengths, and true
widths are unknown at this time
*3 No high grades cut has been applied
To date 7 of 12 assay results are availbale
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19. Drill Program
12 Month 87,000m drill program has commenced
• Diamond Drilling
– Initially two drill rigs @ 600m per month, 3rd and 4th rig ordered and en route
– Average down hole depth estimated 200m (maximum depth estimated 400m)
depending on target success
– Total 12 month plan: 27,000m
• Percussion RC
– Initially one drill rig @ 2,400m per month, 2nd and 3rd rig ordered and en route
– Average down-hole depth 150m (maximum depth estimated 300m)
– Total 12 month plan: 60,000m
• Additional Information
– Drilling commenced in January 2012 at Ngula
– Intersections targeted at vertical depths of 50m, 100m, 150m and 200m for both drilling
techniques in first phase of drilling (RC may have shallower targets of 25m)
– Drill targets will extended deeper to 500m upon initial success
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20. Ngula 1 Target
A number of sub-parallel east-west structures host quartz vein-filled shears
• Two east-west striking linear artisanal Ngula 1
mining areas 300m apart
• Total strike extent in excess of 2km
• Shafts as deep as 70m reported
• Artisanal ore grab sampling up to
25g/t
• Strong correlation with magnetic
lineaments and scattered Au in RAB
and soils
• Drilling underway on S structure,
multiple geological zones intersected,
results awaited
• Proposed initial 73 RC (14 500m) and
DD (4 800) holes.
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21. Nyakagwe East
Nyakagwe East target has two structures each mined over a 750m strike
• 750m x 400m area of mining
• Mining depths in excess of 30- Nyakagwe East
50m
• 2008 diamond drilling intersected
potentially economic gold grades
• Three northwest trending sub-
parallel zones are untested down
dip and along strike in both
directions
• Continuation to the northwest
indicated by results of 2007 RC
holes
• 2012 program of diamond drilling
to test combined strike of 2,000m
on two zones down to 200m; total
8,600m
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22. Iyenze Target on Bulyanhulu Trend
Buly and Iyenze have two high potential targets along Buly-related structures
• Target structures under deep cover
• Parallel magnetic anomalies and
scattered Au in soil Buly
• At Iyenze 400m x 150m artisanal
mining
• Buly trend artisanal mining 200m
north of Iyenze
• RC intersections 2004 include: RC004
1m @ 4.6 g/t Au, RC006 1m @ 1.6
g/t Au, RC009 1m @ 1.9 g/t Au,
RC009 2m @ 2.7 g/t Au
Iyenze
• Numerous parallel magnetic
lineaments
• Initially RC drilling of two structures
planned; total 9,600m
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23. Additional Work
Work in anticipation of resource determination and feasibility studies
• Modified Gold Deportment
– Comprehensive modified gold deportment and initial metallurgical testwork
will be conducted on each target as soon as sufficient intersections have been
achieved
• Resource Determination
– Orebody modelling will be conducted as drill programs and results dictate
• Other Studies
– The Company will be initiating community social responsibility programs early
to ensure that the presence of Tembo positively impacts the communities
within which the Company operates
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24. Work Program Schedule
Work in anticipation of resource determination and feasibility studies
2012
FIELD AND TECHNICAL
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
ACTIVITIES
Data review, interrogation,
interpretation and target re-
assessment
Drillling DD
Drilling RC
Preliminary resource
modelling
Gold deportment and
metallurgical testwork
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25. Investment Summary
• HIGHLY PROSPECTIVE GOLD ASSET: Located adjacent to African Barrick's 20Moz Bulyanhulu Mine in
the prolific Lake Victoria Greenstone belt, the 123km2 property has highly prospective geology,
encouraging earlier exploration with promising results, and multiple targets identified
• HIGH QUALITY MANAGEMENT TEAM: CEO: David Scott, formerly of Barrick Gold’s subsidiary Kahama
Mining Corporation, 32 years experience, 13 years in Tanzania; Chairman: Dave Anthony, former COO
of African Barrick, 30 years experience, 10 years in Tanzania
• EXTENSIVE ARTISANAL ACTIVITY: Over 2,000 artisanal workers, mining from over 100 mine shafts
some to depths in excess of 70m along a >10km strike, extracting high grade 5 to 50 g/t material
• SIGNIFICANT INITIAL DRILL RESULTS: Best intercepts include TDD0004: 3.13 g/t Au over 25.89m
including 8.87 g/t Au over 3.89m; TDD0005: 10.76 g/t Au over 4.00m, including 93.3 g/t Au over
0.38m and; TRC0013: 16.10 g/t Au over 3.00m and 4.01 g/t Au over 3.00m.
• SEVERAL NEAR TERM CATALYSTS: Expedited work program with significant mapping and an 87,000m
drill program underway
• CLEAN CAPITAL STRUCTURE AND WELL-FUNDED: Only ~40Mshares outstanding (~55M f.d.) and
~$13M in cash
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26. Additional Info
APPENDIX
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27. Artisanal Mining Faces
Artisanal mining of well developed quartz veins
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28. Historical Work
Historic work provides the impetus for fast track development of exploration
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29. Bulyanhulu Geology
Mineralized reefs along steeply dipping northwest striking structure
• A 20 million ounce narrow-vein shear
hosted gold deposit with silver and
copper mineralisation
• Shear zone situated within a narrow
argillite unit at a contact within a
volcanic sequence
• Sulphide mineralization primarily
pyrite and chalcopyrite in smokey
quartz veins and sheared argillite
• Volcanic sequence consists of mafic
to intermediate meta-volcanic flows
overlain by felsic pyroclastic ash tuffs
• The zone strikes approximately 310
degrees and dips steeply to the
northeast
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30. Bulyanhulu Long Section
A high grade narrow vein 20Moz deposit >4km long and >2km deep
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31. Relevance to Tembo Gold
Bulyanhulu structures and geology extend onto Tembo Gold project
• Bulyanhulu licence not exhaustively
explored
• The Bulyanhulu orebody did not
present a strong soil geochemistry
anomaly
• The entire licence is essentially
covered by 5-15m of largely
transported cover with no outcrop
• Artisanal found the orebody by
chance and had favourable access to
depth at Bulyanhulu
• The entire Bulyanhulu geological
package, including the Reef 1
structure, and potentially 20-30
parallel structures, continue to the
north and west onto Tembo
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32. Technical & Local Team
The Mineral Corporation hands-on team has a wealth of experience
• Dr. Johan Krynauw – Senior Geological Advisor
– Thirty-nine years of experience as a geologist, including base and precious metals exploration and exploration management in the
Archaean terranes of Africa, with a specialisation in geochemistry.
• Alan Goldsmith – Senior Geological Advisor
– Twenty years of professional geological experience in base and precious metal exploration in Africa, including gold exploration in
Tanzania, specializing in Geographical Information System applications and exploration.
• Noleen Pauls – Senior Geological Advisor
– Eighteen years of geological experience in mineral exploration and mining, including gold exploration management and execution
in sub-Saharan Africa and South America.
• Alan Olivato – Senior Technical Advisor
– Thirty-six years of experience exploration and mining, including twenty-six years of field exploration experience in sub-Saharan
Africa including Archaean gold in East and Southern Africa.
• Will Braithwaite – Senior Technical Advisor
– Twenty-eight years of experience in exploration in sub-Saharan Africa, South America and Australia, including gold exploration in
East and West Africa.
• Girma Alemu – Geologist
– Nine years of experience in African base and precious metal exploration including exploration and mining expertise in Archaean
gold in East Africa.
• Andisani Makhado – Geologist
– Three years of multi-commodity field experience in exploration including the management and execution of drilling campaigns.
• Darren Portela – Geologist
– Three years of multi-commodity field experience in exploration including the management and execution of drilling campaigns.
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