Tamerlane Files for CCAA Protection

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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)
announced today that, after careful consideration of all available alternatives,
the Board of Directors of Tamerlane has determined that it is in the best
interests of all of its stakeholders to file an application for an initial order
under the Companies' Creditors' Arrangement Act (Canada) ("CCAA"). As announced
by the Company on July 29, 2013, notice was given to Tamerlane by its secured
lender, Global Resource Fund ("Global"), on July 26, 2013 that Global intended
to enforce its security after Tamerlane defaulted on the interest payment due
July 25, 2013. The notice was withdrawn and re-issued on a number of occasions
such that the notice period would expire at the end of August 23, 2013. The
filing was made with Global's agreement. The court hearing to seek the CCAA
Initial Order is scheduled for Friday, August 23, 2013.


Over the past two years Tamerlane has been hampered by the equity market,
commodity prices, and general lack of investors and capital investment into the
mining sector, all of which led to the decision to proceed to seek CCAA
protection. Further details will be made available after the court hearing is
concluded.


Tamerlane will issue a further press release before August 26, 2013 which will
provide details and further information. 


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. Tamerlane has put
its Los Pinos copper property up for sale to pay down debt.


John L. Key, CEO

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 projections and forward-looking information within
the meaning of applicable securities laws that involve various risks and
uncertainties regarding future events including: (i) that Tamerlane will be able
to restructure its financial affairs; (ii) that the Tamerlane will get the Court
order; and (iii) the timing and duration of CCAA protection. No assurance can be
given that any of the events anticipated by the forward-looking statements will
occur as planned or at all, or, if they do occur, what benefits the Company will
obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may
prove to be incorrect. Readers are cautioned that the foregoing list of factors
is not exhaustive. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and expressly qualified in their entirety by this notice. Except as
required by law, the Company assumes no obligation to update forward-looking
information should circumstances or management's estimates or opinions change. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tamerlane Ventures Inc.
Richard Meschke
Director Corporate Development and Legal
(360) 332-4636
(360) 332-5025 (FAX)
rmeschke@tamerlaneventures.com
www.tamerlaneventures.com
(TSXV:TAM)
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