Tamerlane Ventures Inc.

Tamerlane Ventures Inc.

February 22, 2010 09:15 ET

Tamerlane Commences Drill Program at Pine Point Pb Zn Project

BLAINE, WASHINGTON--(Marketwire - Feb. 22, 2010) - Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM) is pleased to announce that it has commenced confirmatory diamond drilling of the N-204 deposit at the Company's 100% owned Pine Point Pb Zn Project, located in Northwest Territories, Canada. The deposit has been shown by historical drilling to be a large, open-pitable, low grade deposit and the current drilling is planned to confirm the historic data and provide samples for metallurgical testing of the dense media separation process on the ore.

The new drill program will consist of more than 24 diamond drill holes, totaling up to 1,500 meters. The purpose of this program is to convert historical resources into National Instrument ("NI") 43-101 compliant resources and provide the metallurgical data necessary to allow a feasibility study to be completed on the N-204 deposit. Completion of a feasibility study on N-204 will enable the N-204 resources to be added as reserves to the existing reserve base, which is detailed in the next paragraph. Drilling is expected to continue through late March or early April 2010, and the results of this drilling program will be used for the continued long-term mine planning of the advanced Pine Point project. The Company has contracted Pro Core Drilling of Hay River, Northwest Territories to complete the drill program.

The Pine Point Project current mineral inventory contains 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, and Inferred resources of 4.1 million tonnes grading 0.82% Pb and 2.36% Zn.

In addition, the property hosts noncompliant historical resources totaling approximately 50.9 million tonnes at a grade of 1.24% Pb and 3.84% Zn, of which the N-204 deposit is a portion. It is noncompliant as a qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

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

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 accessed by paved road, has existing hydro power, and is located 40 kilometers by paved road from the existing rail head at the town of Hay River. A bankable feasibility study was completed in 2008 that identified robust economics and a long mine life. The Company is currently reviewing options for potential mine financing alternatives and mine development, and continuing to build additional reserves through this current targeted confirmation diamond drill program.

Historically, the Pine Point Mine was the largest and most profitable zinc-lead mine in Canadian history having extracted over 64,259,570 tonnes of ore at a grade of 7.0% zinc and 3.1% lead between 1964 and 1987.

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

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.

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