Tamerlane Ventures News RSS

Tamerlane Closes the US$10.0 Million Senior Secured Bridge Loan and Stand-by Facility to ...

designer@sandmanmedia.com (designer) — Thu, 16 Dec 2010 22:56:06 GMT

BELLINGHAM, WASHINGTON--(Marketwire - Dec. 16, 2010)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM) is pleased to announce it has closed the US$5.0 million senior secured bridge loan and an additional US$5.0 million stand-by facility arranged by Renvest Mercantile Bancorp Inc. through its Global Resource Fund. The final terms of both facilities are consistent with the original term sheet announced in the Company's November 9, 2010 press release which can be found on SEDAR.

US$1.25 million from the initial bridge loan and the first US$1.25 million from the stand-by facility (if drawn down) are in the form of a convertible debenture, with a conversion price per share of C$0.40. The Company shall have the right to force conversion of the convertible debenture if and when the price per Tamerlane common share has traded at a minimum of C$0.90 for 30 consecutive days on a volume weighted average basis.

The upfront fee payable by the Company on closing of the bridge loan includes the issuance of 500,000 shares to the lender. An additional 500,000 shares will be payable to the lender if the Company fully draws down the stand-by facility.

The Company will also pay a finder's fee equal to 2% of the amounts drawn down on either facility. This fee will be a non-cash fee and will be satisfied by the issuance of 335,800 shares of Tamerlane on closing of the bridge loan and up to 335,800 shares on drawn down of the stand-by facility (assuming full draw down).

All of the securities issued in connection with this transaction will be subject to restrictions on resale for four months from the date of issuance.

The bridge loan will be used to fund definitive engineering on the Pine Point project (which will include preparation of construction bid packages and subcontractor selections), for cash deposits on certain long lead capital equipment orders, and other general corporate working capital requirements. If drawn down, the stand-by facility will be used to fund acquisitions or equipment that could reduce the development period and support bringing the property into production ahead of schedule.

Tamerlane has recently hired key management personnel to finalize updating of the positive 2008 feasibility study, complete definitive engineering on the project, and provide management for the construction and operational phases of the project. Work continues with key suppliers and contractors to ready the project for construction. Technical work completed to date has shown that there has been minimal impact to the capital cost estimates over the last two years. The updated feasibility study is scheduled to be completed by March 2011.

The N-204 deposit is currently being validated and brought to NI 43-101 resource compliance by Pincock Allen & Holt (PAH). Results will be issued in January 2011. Preliminary metallurgical work has demonstrated that Dense Media Separation will upgrade the N-204 resource to an over 10% combined lead zinc intermediate concentrate which can be trucked to the flotation concentrator. The addition of the N-204 resource to the project production base is expected to further enhance the Pine Point economics.

Mike Willett, CEO of Tamerlane commented, "I am pleased to announce the closing of these financing agreements. The financings were subject to completion of legal and technical due diligence and the Pine Point project fully satisfied all the lender's requirements. These financings will provide management with the necessary financial resources to focus exclusively on the completion of the update feasibility phase and significant efforts related to definitive engineering and awarding of construction contracts."

Margaret Kent, Tamerlane's Executive Chairman, added, "We arranged the debt facility to minimize dilution to our existing shareholders. We intend to repay this debt facility from proceeds from a larger project financing which we intend to close in late 2011. With zinc prices cooperating nicely, and our projected construction schedule, our project should commence production at the same time a severe shortage of zinc is expected globally. This timing should significantly enhance the positive projected cash flow that we are currently carrying in our base case feasibility study."

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Lead-Zinc Pine Point Property back into production in the Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company's primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

About Renvest Mercantile Bancorp.

Renvest Mercantile Bancorp, through its Cayman-based Global Resource Fund, provides financing for companies and projects in the natural resource sector. Loans are for terms of up to 24 months typically in the form of a senior secured debenture and often as a convertible debenture.

On behalf of Tamerlane Ventures Inc.

"Michael A. Willett"

Chief Executive Officer

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tamerlane Reports Third Quarter 2010 Financial Results

designer@sandmanmedia.com (designer) — Thu, 18 Nov 2010 17:49:50 GMT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) announces a net loss of $1,067,582 or $0.02 per share for the nine months ending September 30, 2010, compared to a net loss of $1,205,459 or $0.02 per share in the same period of the prior year. During the third quarter ending September 30, 2010, the Company had a net loss of $319,663 or $0.01 per share compared to a net loss of $391,303 or $0.01 per share in the same period of the prior year.

At September 30, 2010 the Company had working capital of $54,501 compared to $1,306,399 at December 31, 2009, a decrease of $1,251,898. The decrease resulted primarily from general and administrative expenditures and exploration and development expenditures on the Pine Point Project.

On November 9, 2010 the Company announced that it has executed a term sheet for a US$5,000,000 bridge facility and a US$5,000,000 standby facility. The bridge facility will provide the necessary working capital to advance the Pine Point Project through the production financing stage. The bridge and standby financing is expected to close in early December.

The Company’s nine months financial statements and management’s discussion and analysis ending September 30, 2010 have been filed on www.sedar.com, and are also available on the Company’s website at www.tamerlaneventures.com.

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in the Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Michael A. Willett”
Chief Executive Officer

For further investor information, please contact:

Tina Rosenberg, Investor Relations, Tamerlane Ventures Inc.
E-mail: trosenberg@tamerlaneventures.com
Phone: (360) 752-9462
Website: www.tamerlaneventures.com

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

Tamerlane Signs Term Sheet for US$10.0 Million Senior Secured Bridge Loan and Stand-by Facility ...

designer@sandmanmedia.com (designer) — Tue, 09 Nov 2010 20:49:56 GMT

BELLINGHAM, WASHINGTON--(Marketwire - Nov. 9, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM) announces that it has signed a term sheet for a US$5.0 million senior secured bridge loan and an additional stand-by facility for up to US$5.0 million arranged by Renvest Mercantile Bancorp Inc. through its Global Resource Fund.

The Company has arranged these financings to fund various near-term expenditures at the Pine Point lead-zinc project in the Northwest Territories while it completes arranging the production financing to place the project into production.

The bridge loan will be used to fund definitive engineering expenditures on the Pine Point project, cash deposits on certain long lead-time orders, and for working capital. The stand-by facility will be used to fund acquisitions.

The Company will pay an upfront fee on the initial US$5.0 million bridge loan of US$125,000 in cash and 500,000 common shares of Tamerlane. The loan will be secured primarily by the Pine Point project. Interest on the bridge loan shall be at a fixed rate of 12.5% per annum. The bridge loan may be repaid by the Company in whole or in part at any time. In the case of an early repayment within the first 6 months from the closing date, the Company will pay the lender a prepayment penalty equal to 3 months of interest in proportion to the amount of the early repayment. No penalty will be applicable if the repayment is made after 6 months from the closing date.

The stand-by facility will carry a drawdown fee of 2.5% in cash and up to 500,000 shares of Tamerlane paid on the date of drawdown of the stand-by facility. The actual amount of cash and number of shares payable shall be pro-rated according to the gross amount actually drawn down under the stand-by facility. The stand-by facility has a fee payable of 25 basis points per month on any undrawn balance.

US$1.25 million from the initial bridge loan and the first US$1.25 million from the stand-by facility (if drawn down) shall be in the form of a convertible debenture, with a conversion price per share of C$0.40. The Company shall have the right to force conversion of the convertible debenture if and when the price per common share has traded at a minimum of C$0.90 for 30 consecutive days on a volume weighted average basis.

In conjunction with the initial bridge loan, any and all amounts drawn down under the stand-by facility shall become part of the senior secured bridge loan, which shall be fully due and payable by the Company 18 months following the closing date.

The financings are subject to completion of legal and technical due diligence and completion of all standard documentation for this type of loan. The transactions are expected to close no later than November 30, 2010.

The Company will pay a finder's fee equal to 2% of any amount drawn down on either facility. This fee will be a non-cash fee and will be paid by the issuance of shares of Tamerlane at the market price at the time of drawdown. All issuances of Tamerlane shares under this debt facility are subject to the approval of the TSX Venture Exchange.

Mike Willett, CEO of Tamerlane commented, "Margaret Kent, our Chair, and I are pleased that we have arranged this financing, which will enable us to proceed with the final engineering and development of the mine and mill and infrastructure facilities to place the Pine Point Mine into production. By the end of the first quarter of 2011, we expect to have completed our update of the 2008 feasibility study. We are encouraged that we have found no major impact to capital and operating costs to date and anticipate that there will not be any significant change to the economics of the project."

Margaret Kent, Tamerlane's Chair, added, "We are proceeding on track with our negotiations with lenders for the larger project financing package and with parties who will provide funding linked to concentrate off-take agreements. We anticipate that we will have term sheets acceptable to the Company in approximately six months. We have arranged this current financing so as not to dilute shareholders' equity, while maintaining flexibility to take advantage of any opportunity that would enable us to grow the Company on terms that would be accretive to shareholders. Currently Tamerlane has 65.5 million shares issued and outstanding and 79.7 million shares on a fully diluted basis."

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in the Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company's primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.
Michael A. Willett, Chief Executive Officer

Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

Tamerlane to Speak at the Global Mining Finance Forum in London, England on the Advancement of ...

sandeep@sandmanmedia.com (sandman) — Thu, 16 Sep 2010 08:00:00 GMT

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) is pleased to announce that Margaret M. Kent, the Executive Chairman of the Company will be speaking at the prestigious Global Mining Finance Forum on September 23, 2010 in London, England. Other speakers at the event include Eric Finlayson, Head of Exploration Rio Tinto, Giles Byford, Vice President Barclays Capital, various international fund managers and investment banking representatives. The venue attracts both a strong representation from the investment banking sector from Europe, and specific targeted mining investment professionals and managers interested in resource projects requiring capital.

"I am extremely pleased to be able to speak at such a distinguished event and have the opportunity to discuss the advancement of the Pine Point Lead Zinc Project. Michael Willett, our new CEO, and myself will be highlighting the project, the financing requirements and strategy of the Company going forward. The economics of the project continue to improve as we update the feasibility study with 2010 information, and after we obtain the required financing, we will be able to deliver concentrate from the project within 24 months. The Pine Point project has a completed bankable feasibility study with robust economics, significant resources, excellent infrastructure including power and a paved highway to site and railway proximal to the site. With a new energized team, Tamerlane is now at a turning point with the Pine Point project, and the recent rise in commodity prices, specifically in lead and zinc,” commented Margaret M. Kent, Executive Chairman of Tamerlane.

Tamerlane will be commencing a Canadian brokerage tour on September 27th, 2010 and visiting Toronto, Montreal, Calgary and Vancouver to ensure the Tamerlane’s project becomes visible to the investment community, and also attending the Cambridge House Investment Conference in Toronto on September 25th and 26th, 2010 (www.cambridgehouse.ca). Tamerlane invites all investors, shareholders and members of the brokerage industry to drop by the investment conference to discuss the advanced Pine Point Project and also to review Tamerlane’s strategy going forward.

About the Pine Point Project

The Pine Point project is an advanced and permitted Pb/Zn project that hosts extensive infrastructure and significant Pb/Zn resources. The project is situated adjacent to a paved road, close to existing hydro facilities, the existing rail head at Hay River connects directly to the south. A bankable feasibility study was completed in 2008 that identified robust economics and a long mine life. The Company is currently building additional resources through a targeted confirmation surface diamond drill program and reviewing options for potential mine financing alternatives and mine development. Historically, the Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history. Located on the south side of the Great Slave Lake 129 kilometers (80 miles) south of Yellowknife and 80 kilometers (50 miles) east of Hay River, the historic Pine Point Mine extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.

The Pine Point Project current mineral inventory contains a NI 43-101 compliant proven & probable reserves of 7.8 million tonnes grading 3.01% Pb and 6.16% Zn, measured & indicated resources of 8.0 million tonnes grading 1.13% Pb and 2.26% Zn. In addition the property hosts non 43-101 compliant historical resources* totaling approximately 50.9 million tonnes at a grade of 1.24 % Pb and 3.84% Zn.

The information in this press release was prepared by Mr. Wolfgang A. Schleiss, P.Geo., under the guidance of Mr. Ross F. Burns, P.Geo., LG. Mr. Schleiss is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.

*The historical estimates contained in this news release are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves.

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Michael Willett”

CEO

For further investor information, please contact:

Investor Relations:

E-mail:    trosenberg@tamerlaneventures.com
Phone:   (360) 752-ZINC (9462)
Toll Free:   (877) 752-9463
Website:    www.tamerlaneventures.com

_{Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.}

Tamerlane Reports Second Quarter 2010 Financial Results

designer@sandmanmedia.com (designer) — Mon, 30 Aug 2010 13:00:00 GMT

At June 30, 2010 the Company had working capital of $416,712 compared to $1,306,399 at December 31, 2009, a decrease of $889,687. The decrease resulted primarily from general and administrative expenditures, professional fees and exploration and development of the Pine Point Project.

The Company’s six months financial statements and management discussion and analysis ending June 30, 2010 have been filed at www.sedar.com, and are also available on the Company’s website at www.tamerlaneventures.com.

About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.
“Michael Willett”
Chief Executive Officer

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail: pball@tamerlaneventures.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: www.tamerlaneventures.com

_{Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.}

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) announces a net
loss of $747,919 or $0.01 per share for the six months ending June 30, 2010, compared to
a net loss of $814,156 or $0.01 per share in the same period of the prior year. During the
second quarter ending June 30, 2009, the Company had a net loss of $319,243 or $0.00
per share, compared to a net loss of $479,540 or $0.01 per share in the same period of the
prior year.
At June 30, 2010 the Company had working capital of $416,712 compared to $1,306,399
at December 31, 2009, a decrease of $889,687. The decrease resulted primarily from
general and administrative expenditures, professional fees and exploration and
development of the Pine Point Project.
The Company’s six months financial statements and management discussion and analysis
ending June 30, 2010 have been filed at www.sedar.com, and are also available on the
Company’s website at www.tamerlaneventures.com.
About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with
advanced base metal development projects in Canada and Peru. The Company is working
towards bringing the world-class Pb/Zn Pine Point Property back into production in
Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in
Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine
Point Mine, which was the largest and most profitable base metal mine in Canadian
history. Tamerlane controls the Pine Point Project, along with a large contiguous property
to the west.
On behalf of Tamerlane Ventures Inc.
“Michael Willett”
Chief Executive Officer
For further investor information, please contact:
Peter A. Ball, Director of Investor Relations
E-mail: pball@tamerlaneventures.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: www.tamerlaneventures.com
2
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. We use words
such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify
forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light
of its experience, current conditions and its expectations of future developments as well as other factors which it believes
to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking
statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that
may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and
development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the
availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes
to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits;
political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks
and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

Tamerlane Appoints Executive Chairman and Provides Corporate Strategy for Advancing the ...

designer@sandmanmedia.com (designer) — Mon, 09 Aug 2010 20:00:00 GMT

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) is pleased to announce the appointment of Margaret M. Kent as Executive Chairman of the Company. The Company and the new executive management team of Tamerlane is 100% focused on raising the financing required to put the Pine Point Lead Zinc permitted project into production.

"On behalf of the Board of Directors, I am pleased that Margaret “Peggy” Kent has chosen to take the lead executive role to advance the Pine Point lead-zinc project. Peggy is taking an active management role from her previous non-Executive Chairman role to focus a majority of her time to ensure the Pine Point project advances to production from the permitted stage. Peggy is known in the industry for her ability to arrange creative financing packages, raise capital, and advance mining projects to production. Tamerlane is now at a turning point with the current robust economics of the Pine Point project, and the recent rise in commodity prices specifically in lead and zinc. With the newly appointed CEO Michael Willett, newly appointed members of the Board, an experienced management team including VP Exploration Wolf Schleiss, I look forward to what looks to be a promising year ahead,” commented Ross F. Burns, President of Tamerlane.

“CEO Michael Willett brings a wealth of hands-on base metals mine engineering and project management experience to our team, most recently from Hudson Bay Mining & Smelting Co. Ltd. Mr. Willett will be working closely with the executive management team to update the feasibility study and subsequently work closely with our financing team. The Pine Point project has a completed bankable feasibility study with robust economics, significant resources, excellent infrastructure including power and a paved highway to site and railway proximal to the site. I look forward to becoming involved on a daily basis to ensure the Pine Point project moves towards production," commented Margaret M. Kent, Executive Chairman of Tamerlane.

Subject to the approval of the TSX Venture Exchange, the Company approved the issue of 1,100,000 stock options to the Executive Chairman and an employee of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of C$0.18 per share for a period of five years. Tamerlane’s common shares closed at C$0.18 on the TSX Venture Exchange on August 6, 2010. Included in this grant are 1,000,000 options to Margaret M. Kent, the newly appointed Executive Chairman of the Company. Options granted to Ms. Kent, over the five year period, will vest upon the successful completion of raising the required capital to put the Pine Point project into production.

About the Pine Point Project

The Pine Point project is an advanced and permitted Pb/Zn project that hosts extensive infrastructure and significant Pb/Zn resources. The project is situated adjacent to a paved road, close to existing hydro facilities, the existing rail head at Hay River connects directly to the south. A bankable feasibility study was completed in 2008 that identified robust economics and a long mine life. The Company is currently building additional resources through a targeted confirmation surface diamond drill program and reviewing options for potential mine financing alternatives and mine development. Historically, the Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history. Located on the south side of the Great Slave Lake 129 kilometers (80 miles) south of Yellowknife and 80 kilometers (50 miles) east of Hay River, the historic Pine Point Mine extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.

The Pine Point Project current mineral inventory contains a NI 43-101 compliant proven & probable reserves of 7.8 million tonnes grading 3.01% Pb and 6.16% Zn, measured & indicated resources of 8.0 million tonnes grading 1.13% Pb and 2.26% Zn. In addition the property hosts non 43-101 compliant historical resources* totaling approximately 50.9 million tonnes at a grade of 1.24 % Pb and 3.84% Zn.

The information in this press release was prepared by Mr. Wolfgang A. Schleiss, P.Geo., under the guidance of Mr. Ross F. Burns, P.Geo., LG. Mr. Schleiss is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.

*The historical estimates contained in this news release are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves.

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Ross F. Burns”
President

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail:        pball@tamerlaneventures.com
Phone:        (360) 332-4653
Toll Free:    (877) 284-6535
Website:      www.tamerlaneventures.com

_{Caution Concerning Forward-Looking Information}_{This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com}

Tamerlane Appoints New Chief Executive Officer and Appoints Two New Directors at Annual General ...

designer@sandmanmedia.com (designer) — Mon, 28 Jun 2010 16:16:15 GMT

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) is pleased to announce the appointment of Michael A. Willett, P.Eng. as its new Chief Executive Officer. The Company is also pleased to report the appointment of Dr. Edmond H.P. van Hees (Ph.D. Geology) and Fredric J. Bracken P.Eng. (B.Sc. Metallurgy) to the Board of Directors and the re-election of J. Cowan McKinney, Eugene Larabie, William J.V. Sheridan, Ross F. Burns and Margaret M. Kent. Bruce W. Downing has stepped down from the Board of Directors as of June 25, 2010, and the Company wishes to thank Mr. Downing for his contributions over the past year. Ross Burns will retain the position of President of Tamerlane Ventures and work closely with Mr. Willett and the executive team to advance the Pine Point project.

"On behalf of the Board and shareholders, I would like to welcome Dr. van Hees and Mr. Bracken to the Board. I am also very excited to have Mr. Willett join the Company as CEO. Mr. Willett brings a wealth of hands-on base metals mine engineering and project management experience to our team, most recently from Hudson Bay Mining & Smelting Co. Ltd. where he held the position of General Manager Snow Lake Operations. Tamerlane controls 100% of the world-class permitted Pine Point lead-zinc project, and together with our newly strengthened and experienced board, we can continue to push forward to bring this quality and bankable project to production. This is an important point in the future of the Pine Point project, noting the advanced stage of the project and the forecasted future rise in base metal prices. The Pine Point project has a completed bankable feasibility study with robust economics, significant resources, excellent infrastructure including power and a paved highway to site and railway proximal to the site. We believe end-users across North America and Asia will be very interested in becoming involved with such an advanced project to ensure they can secure key off-take agreements on the zinc and lead concentrates that will be produced for many years after production start-up at Pine Point," commented Margaret M. Kent, Chairman of Tamerlane.

Mr. Willett is a Professional Mine Engineer with over 25 years of experience in management, engineering, and operations in the mining industry. Mike has worked for several mining companies including Hudson Bay Mining and Smelting Co., Ltd., Aurora Quarrying Ltd, and Dynatec Mining Ltd. Mr. Willett has been involved in numerous mining projects, including several mine startups. During his career, he has held positions of progressively greater responsibility up to and including General Manager overseeing a mine and concentrator complex and associated infrastructure. Mr. Willett holds a B.Sc degree in Mine Engineering from Queen’s University, and a Masters Certificate in Project Management from the Schulich School of Business, The University of Winnipeg.

Mr. Willett will be working closely with the executive management team to update the feasibility study and subsequently work closely with our financing team on an extensive marketing and finance road show to ensure our advanced project is brought to the attention of numerous financial groups.

Dr. van Hees, Ph.D, with over 30 years of technical and geological expertise, currently is the Assistant Professor at Wayne State University in the geological department. Dr. van Hees has authored and co-authored numerous technical publications and brings significant experience as a consulting geologist since 1986, where he has worked on projects throughout the world with such companies as Kinross, Miramar, Placer Dome Exploration and Chevron Minerals. Dr. van Hees graduated from the University of Waterloo in 1975 (Honors B.Sc Earth Science), the University of Western Ontario in 1979 (M.Sc. Geology) and the University of Michigan in 2000 (Ph.D. Geology).

Mr. Bracken, P.Eng., has over 40 years of experience in the mining industry since graduating in 1960 from the University of Toronto in Metallurgical Engineering. Mr. Bracken currently works as an industry consultant since 2000 in the concentrate marketing field, including international trade consulting. Mr. Bracken brings a wealth of experience gained during his 36 years spent with Cominco where he held various roles of increasing responsibility including General Manager – Concentrate Sales for over 10 years and also roles within the development and technical services departments.

The Company is pleased to report that all of the resolutions that shareholders were asked to consider at the Meeting, including the continuation of the Company's stock option plan and the extension of the shareholder rights plan, were approved by a majority of the votes cast at the Meeting.

Tamerlane has 65,187,073 common shares issued and outstanding. Under the terms of the Company’s "rolling" Incentive Stock Option Plan a maximum of 6,518,707 shares are available to be issued pursuant to the exercise of options at this time. Subject to the approval of the TSX Venture Exchange, the Company approved the issue of 1,150,000 stock options to directors and officers of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of C$0.12 per share for a period of five years. Tamerlane’s common shares closed at C$0.12 on the TSX Venture Exchange on June 25, 2010. Including this grant of 1,150,000 options, a total of 4,022,500 shares have been reserved for issuance pursuant to outstanding option grants. A further 2,496,207 shares are available for issuance pursuant to future option grants at this time.

About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

"Ross F. Burns"
President

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail:    pball@tamerlaneventures.com
Phone:   (360) 332-4653
Toll Free:   (877) 284-6535
Website:    www.tamerlaneventures.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Information
_{This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.}

Tamerlane Intersects 71.24 Feet Grading 9.68% Lead-Zinc At The N-204 Open Pit Deposit

sandeep@sandmanmedia.com (sandman) — Wed, 16 Jun 2010 00:00:00 GMT

TAMERLANE INTERSECTS 71.24 FEET GRADING 9.68% LEAD-ZINC AT THE N-204 OPEN PIT DEPOSIT

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) is pleased to announce that it has received the remaining assays from the drilling at the N204 deposit which was completed earlier this year. The N204 deposit is part of the Company’s Pine Point Lead/Zinc (Pb/Zn) project in the Northwest Territories, Canada. The Company has received assays from the 9 remaining holes of the 23 holes drilled, which totaled 1,433 meters, and was drilled by ProCore Drilling of Hay River, Northwest Territories.

The results of these holes further confirm the continuity, style of mineralization and grade distribution at theN204 open pit deposit outlined by Pine Point Mines’ historical drilling.

Hole N204-TV12 intersected a true width of 71.24 feet (21.71m) of mineralization with an average grade of 9.68% combined %Pb+%Zn. Mineralization in this hole consists of the typical B Spongy facies fossil mold coatings/fillings but is also interbedded with layers of more massive sulfide. These massive sulfide zones consist of fine grained pyrite intergrown with coarse grained sphalerite and galena and range in thickness from a few inches up to 2.6 feet. The hole was collared SE and adjacent to an area of 12 closely spaced historic drill holes, which are believed to have been drilled to define a possible geophysical anomaly. Examination of these holes does not suggest they intersected the anomaly which may have been offset slightly to the south and was intersected by hole N204-TV12. Examination of cross sections through hole TV12 and the surrounding historic holes suggests that the mineralization may be controlled by a larger more permeable zone, possibly a small collapse structure or prismatic lens, which bifurcates into thinner permeable mineralized horizons along strike. The lateral extent of this thick higher grade zone is unknown at the present time and will be the focus of future infill drilling to delimit its exact dimensions.

About N204 Deposit

The N204 deposit contains a historic (*non National Instrument NI 43-101 compliant) resource of 16.3 Mt (at 30% dilution) with an average combined Zn+Pb grade of 4.03%. The deposit is hosted within the B Spongy facies of the Pine Point Formation and is situated at a shallow depth with dry ground conditions, which makes it amenable for potential development by open pit mining methods.

The results of significant drill hole intercepts from the last nine holes are tabulated below, along with several cross-sections delineating the ore intercepts for the new holes compared to the historic holes drilled by Pine Point Mines Ltd.:

Drill Hole Detail N204 Deposit
Drill	Interval (Feet)		Thickness	True Thickness (Feet)		Average		Combined	Inclination
Hole	From	To	Feet	Meters		%Zn	%Pb	%Zn+%Pb
TV7	142	197	55	16.76	43.9	5.66	1.5	7.16	-53
Including	147	167.57	20.57	6.27	*16.42*	8.81	1.97	*10.78*
Interval 157-167 had lower than expected core recovery of only 29%
TV8	122	197	75	22.86	62.85	4.43	0.9	5.33	-57
Including	132	147	15	4.57	*12.57*	8.64	1.76	*10.4*
TV9	122	187	65	19.81	53.24	3.99	1.04	5.03	-55
Including	127	148.2	21.2	6.46	*17.37*	7.34	1.8	*9.14*
TV10	147	172	25	7.62	20.45	4.31	0.91	5.22	-55
TV11	132	152	20	6.10	18.28	6.45	1.78	8.23	-66
TV12	152	237	85	25.91	71.24	7.4	2.28	9.68	-57
Including	157	187	30	9.14	*25.15*	11.33	3.36	*14.69*
Including	197	217	20	6.10	*16.17*	8.49	2.59	*11.08*
Interval 152-237 had lower than expected core recover of only 63%
TV13	147	167	20	6.10	15.76	3.4	1.02	4.42	-52
TV14	147	165.43	18.43	5.62	14.34	6.9	1.3	8.2	-51
Including	152	162	10	3.05	*7.78*	10.78	2.09	*12.86*
TV17	187	197	10	3.05	8.92	1.89	0.132	2.022	-63

About the Pine Point Project

The Pine Point Project current mineral inventory contains a NI 43-101 compliant proven & probable reserves of 7.8 million tonnes grading 3.01% Pb and 6.16% Zn, measured & indicated resources of 8.0 million tonnes grading 1.13% Pb and 2.26% Zn. In addition the property hosts non 43-101 compliant historical resources totaling approximately 50.9 million tonnes at a grade of 1.24 % Pb and 3.84% Zn.

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Ross F. Burns”

President & CEO

For further investor information, please contact:
Peter A. Ball, Director of Investor Relations
E-mail: pball@tamerlaneventures.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: www.tamerlaneventures.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. We use words
such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify
forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light
of its experience, current conditions and its expectations of future developments as well as other factors which it believes
to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other
factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking
statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that
may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and
development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the
availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes
to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits;
political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks
and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

Tamerlane Reports First Quarter 2010 Financial Results

designer@sandmanmedia.com (designer) — Fri, 28 May 2010 21:30:00 GMT

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) announces a net loss of $428,676 or $0.01 per share for the three months ended March 31, 2010, compared to a net loss of $334,616 or $0.02 per share in the same period of the prior year.

At March 31, 2010 the Company had working capital of $571,204 compared to $1,306,399 at December 31, 2009, a decrease of $735,195.

The Company’s first quarter 2010 financial statements and management discussion and analysis have been filed at www.sedar.com and also available on the Company’s website at www.tamerlaneventures.com.

About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Ross F. Burns”

President & CEO

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail: pball@tamerlaneventures.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: www.tamerlaneventures.com

Caution Concerning Forward-Looking Information
_{This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in zinc, lead and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.}

Tamerlane Closes Flow-Through Private Placement

designer@sandmanmedia.com (designer) — Thu, 20 May 2010 20:15:00 GMT

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX-V: TAM) announces that it has closed a flow-through brokered private placement, and has issued 542,553 flow-through Units ("FT Unit") at a purchase price of $0.30 per FT Unit for gross proceeds of $162,766. Each FT Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant with a term of 18 months from the date of closing. Each whole warrant will entitle the holder to acquire one additional non-flow-through common share of the Company at an exercise price of $0.45.

Tamerlane has paid a cash finder's fee of $9,766 and has issued 43,403 finder’s options to Kingsdale Capital Markets Inc. Each finder’s option is exercisable for non-flow-through units on terms similar to the FT Units. All securities issued under this private placement will be subject to a four-month hold period.

The proceeds of the private placement will be used for the continued exploration program at the Company’s Pine Point lead-zinc (Pb/Zn) property in the Northwest Territories, Canada.

The securities referred to in this news release have not been, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

About the Pine Point Project
The Pine Point project is an advanced and permitted Pb/Zn project that hosts extensive infrastructure and significant Pb/Zn resources. The project is situated adjacent to a paved road, close to existing hydro facilities, and the existing rail head at Hay River connects directly to the south. A bankable feasibility study was completed in 2008 that identified robust economics and a long mine life. The Company is currently building additional resources through a targeted confirmation surface diamond drill program and reviewing options for potential mine financing alternatives and mine development. Historically, the Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history. Located on the south side of the Great Slave Lake 129 kilometers (80 miles) south of Yellowknife and 80 kilometers (50 miles) east of Hay River, the historic Pine Point Mine extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.

The Pine Point Project current mineral inventory contains a NI 43-101 compliant proven & probable reserves of 7.8 million tonnes grading 3.01% Pb and 6.16% Zn, measured & Indicated resources of 8.0 million tonnes grading 1.13% Pb and 2.26% Zn. In addition the property hosts non 43-101 compliant historical resources totaling approximately 50.9 million tonnes at a grade of 1.24 % Pb and 3.84% Zn.

Technical information in this press release was prepared by Mr. Wolfgang A. Schleiss, P.Geo., under the guidance of Mr. Ross F. Burns, P.Geo., LG. Mr. Schleiss is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.

The historical estimates contained in this news release are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves.

About Tamerlane Ventures Inc.
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class Pb/Zn Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru. The Company’s primary focus is the Pine Point Project, which consists of the Pine Point Mine, which was the largest and most profitable base metal mine in Canadian history. Tamerlane controls the Pine Point Project, along with a large contiguous property to the west.

On behalf of Tamerlane Ventures Inc.

“Ross F. Burns”

President & CEO

For further investor information, please contact:

Peter A. Ball, Director of Investor Relations
E-mail: pball@tamerlaneventures.com
Phone: (360) 332-4653
Toll Free: (877) 284-6535
Website: www.tamerlaneventures.com