Tamerlane's December 2013 NI 43-101 Technical Report on Pine Point

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)
announced today that, as a result of a review by the British Columbia Securities
Commission ("BCSC"), the Company is issuing this news release to clarify its
disclosure in its NI 43-101 technical report on the Company's Pine Point
property filed in December 2013. The BCSC determined in its review that the
mineral resources and economic analysis contained in the NI 43-101 technical
report filed in December 2013 were not supported by a compliant NI 43-101
technical report, and that the technical report which was issued in December was
deficient. Accordingly, the December 2013 report should not be relied upon until
the deficiencies have been corrected, verified, and supported by an updated
technical report. The Company's independent qualified parties are making the
necessary revisions to the technical report, and the revised report is expected
to be completed by the end of January 2014. The Company expects to remain on the
BCSC's Issuers in Default list until the revised, compliant technical report is
issued.


The Company also announced that on January 7, 2014 Tamerlane was granted an
extension of the stay period under the CCAA proceedings until January 31, 2014
to provide additional time for the completion of the sale and investment
solicitation process ("SISP"). The Court also approved the sale of certain units
of the Company's flotation equipment which had been purchased for the Pine Point
project.


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.


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

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