Tamerlane Interviewing Investment Banking Firms for Pine Point Project Financing Process

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Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM) is
pleased to announce that it is interviewing investment banking firms for the
purpose of managing the financing process with respect to the Company's Pine
Point lead-zinc project located in Canada's Northwest Territories. 


Over the past year Tamerlane has presented the Pine Point project to over 100
senior mining companies, smelter operators, off-takers, hedge funds and private
equity funds. Management has identified a "short list" of four significant and
well capitalized potential partners that have expressed serious interest in
helping Tamerlane with a complete funding package to put the Pine Point project
into production. 


Once the investment bank is chosen to manage the formal process, Tamerlane hopes
to secure the $140 million financing package for the Pine Point project via a
combination of debt, off-take financing, and equity in the Company or project
arranged by one of these four potential partners. The Company intends to secure
a financing package that is in the best interests of all of the Company's
stakeholders. 


The Company believes that recent heightened interest in Pine Point is a result
of, among other factors, improving fundamentals for base metals over the mid- to
long-term. Specifically, the closure or contraction of zinc production at
several prominent zinc mines, combined with steadily increasing global demand,
is expected to result in higher zinc prices and lower inventories for the
foreseeable future. 


John Key, Tamerlane's newly appointed CEO commented, "After reviewing the
Company's efforts at Pine Point during the past year, I am impressed with the
progress Management has made in technical refinements of the project with the
change to a majority of open pit operations. Now that we have identified the
serious partner candidates, the selection of an investment banker to assist
Tamerlane with the Pine Point project financing will be a significant step
toward bringing the project into fruition."


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's
immediate focus is bringing the 100%-owned Pine Point Project to production. The
Company is currently in the financing phase and expects to commence construction
following financing. Tamerlane plans to sell the well-known, Pine Point
concentrates to various smelting facilities around the world. The Company also
plans to develop its Los Pinos heap leach copper project in Peru.


John L. Key, CEO

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tamerlane Ventures Inc.
Brent Jones
Director of Corporate Communications and Investor Relations
(360) 332-4636
(360) 332-5025 (FAX)
bjones@tamerlaneventures.com
www.tamerlaneventures.com
(TSXV:TAM)
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