TLC Ventures Corp.

TLC Ventures Corp.

October 12, 2005 20:03 ET

TLC Ventures Announces Management Changes

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2005) - Dr. Richard Henley, Chairman of TLC Ventures Corp. (TSX VENTURE:TLV) (the "Company") announces that Dr. Sally Eyre has stepped down as President and Chief Executive Officer of TLC Ventures Corp. effectively immediately. Dr. Eyre will remain on the Board of Directors of the Company. Effectively immediately, Mr. Edward Farrauto, currently a TLC Ventures Corp. Director and Chief Financial Officer will take the role as Interim President and Chief Executive Officer.

On Behalf of the Board of Directors


Dr. Richard W. Henley, FAICD, Chairman

The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.

TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

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