Tamerlane Ventures Inc.

Tamerlane Ventures Inc.

August 27, 2007 13:17 ET

Tamerlane Reports Financial Results for the 3 Month Period Ended June 30, 2007

BLAINE, WASHINGTON--(Marketwire - Aug. 27, 2007) - Tamerlane Ventures Inc. (TSX VENTURE:TAM) announces a net loss of C$737,095 or $0.02 per share, in the second quarter ended June 30, 2007 and a net loss of C$827,213 or $0.02 per share, in the year to date period. As at June 30, 2007 the Company had working capital of C$3.8 million.

Investor Conference Call

The Company will host an investor conference call regarding completion of the positive Feasibility Study and reserve report for the Pine Point Project.

The conference call will be held on Monday, August 27 at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) to discuss details of the Feasibility Study and reserve report. Mining analysts, investors and the media are invited to phone 1-800-779-9513, or 1-210-234-0009 if outside Canada and the U.S.A., followed by the pass code 8160293 approximately 5 minutes before the start of management's presentation. The presentation will be followed by a question and answer period. A replay of the conference call can be heard through Friday, September 4 by dialing 1-866-509-6762, or from outside North America 1-203-369-1927.

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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