Tamerlane Ventures Inc.

Tamerlane Ventures Inc.

September 27, 2007 14:08 ET

Tamerlane Receives Drilling Permit for Los Pinos

BLAINE, WASHINGTON--(Marketwire - Sept. 27, 2007) - Tamerlane Ventures Inc. (TSX VENTURE:TAM) is pleased to announce that it has received a drill permit for the Company's Los Pinos copper project, which is located in the Coastal Cordillera of southern Peru.

As previously announced (see March 27, 2007 press release) Tamerlane plans to carry out a US$1.0 million in-fill drilling program on the Los Pinos property to provide input for an NI 43-101 compliant Technical Report, which will be the basis for an updated feasibility study.

The Los Pinos deposit is an oxide copper deposit developed on a porphyry system. The deposit consists of three mineralized zones: oxide, mixed oxide/sulphide, and sulphide. The deposit has the potential for open pit mining, heap leaching followed by solvent extraction/electrowinning (SX/EW) to recover the copper. Metallurgical testing has shown that the deposit is amenable to run-of-mine heap leaching (ref: Pincock, Allen & Holt, 1994, Evaluation of Los Pinos Project). The deposit geologically is similar to Cerro Verde in Peru and in size similar to Carlota in Arizona.

In 1994, Pincock, Allen & Holt (PAH) carried out an evaluation of the Los Pinos Project for Asarco Inc. PAH's report summarized the resource modeling methodology, resource estimate, mine plans, and mineable reserves. Capital and operating costs were reviewed and mine plans were generated. PAH provided data for ASARCO Inc. to incorporate into a prefeasibility-level evaluation of the project. The historical resource estimated by PAH in 1994 was 63,191,000 tonnes with an average grade of 0.36% total copper at a cut-off grade of 0.22% copper. A mine plan and production schedule demonstrated mining 3.6 million tonnes per year for 10 years at an average grade of 0.40% copper with a strip ratio of 1 to 1, producing approximately 25 million pounds of cathode copper per year. The copper price used in the 1994 study was US$0.90 per pound compared to US$3.60 per pound at present. The PAH feasibility data is outdated and should not be relied on.

Significant opportunity exists to verify and expand the historical resource with more drilling and refinement of the mine plan. The historical resource reported by PAH has not been verified by an NI 43-101 Qualified Person and should not be relied on.

The technical content of this press release has been reviewed by Mr. Ross Burns, P.Geo., LG, President & CEO of the Company, who is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.

Ross Burns, President & CEO, said: "We are pleased to have a drill permit for Los Pinos, and be in a position to move this exciting oxide copper porphyry project to the next phase of development. Our objective is to develop Tamerlane into a significant base metal producer. The Pine Point project in the Northwest Territories is also progressing on schedule, and we expect to begin mining operations in late 2008 or early 2009."

"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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

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