Tamerlane Ventures Inc.

Tamerlane Ventures Inc.

November 10, 2007 12:07 ET

Tamerlane Closes Private Placement

BLAINE, WASHINGTON--(Marketwire - Nov. 10, 2007) - Tamerlane Ventures Inc. (TSX VENTURE:TAM) announces that it has closed a private placement previously announced on October 26, 2007. The Company has issued 811,667 Flow-Through Shares at a subscription price of C$1.50 per share for gross proceeds of $1,217,500.

The Flow-Through funds will be used to provide drill confirmation of Indicated Resources at the Company's Pine Point zinc-lead property, located in the Northwest Territories, with the intention to re-categorize the Resources as additional Reserves.

The Company will pay a finder's fee of 6.0% in cash.

The securities issued under this financing will be subject to a four-month hold period and the entire placement is subject to TSX Venture Exchange approval.

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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