Tamerlane Ventures Inc.
TSX VENTURE : TAM

Tamerlane Ventures Inc.

February 24, 2011 13:32 ET

Tamerlane Appoints Gregg Sloate as Director of Investor Relations and Corporate Communications

BELLINGHAM, WASHINGTON--(Marketwire - Feb. 24, 2011) -

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Tamerlane Ventures Inc. ("Tamerlane" or "the Company") (TSX VENTURE:TAM) is pleased to announce the appointment of Gregg B. Sloate as Director of Investor Relations and Corporate Communications. Based at Tamerlane's corporate offices in Bellingham, Washington, Mr. Sloate is responsible for all aspects of the company's investor relations and corporate communications programs.

Mr. Sloate brings a wealth of investor relations knowledge to the Company. His background includes investor relations/corporate communications experience at Merisel, a former Fortune 500 computer hardware and software distributor, at Tanox, a late-stage biopharmaceutical company, and at Univar, one of the world's leading chemical distributors. His experience also includes tenure as a senior account manager at a major investor relations and public relations agency where he provided consulting services to a broad range of companies. Previously, Mr. Sloate had been with the institutional investment firm of Seidler Amdec Securities as a securities analyst.

Mr. Sloate holds a Bachelor of Science degree in Business Administration from the University of Southern California, with an emphasis in corporate finance and investment management.

Michael Willett, CEO of Tamerlane Ventures, commented, "We are very pleased to have Gregg join our management team in this newly-created key role. We expect that Gregg's substantial experience will benefit the company in advancing our investor relations and public relations programs. The Company has allocated a substantial budget to an immediate program to introduce Tamerlane to the worldwide investment community as we continue to ramp up activities at our Pine Point Project, for which we recently signed a term sheet for US$60 million in bridge financing."

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 toward bringing the world-class lead-zinc Pine Point Property back into production in the 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 owns 100% of the Pine Point Project, along with a large contiguous property to the west. The Company is developing and building the project and will sell the well-known Pine Point Concentrates to various smelting facilities around the world.

On behalf of Tamerlane Ventures Inc.

"Michael A. Willett"

Chief Executive Officer

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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