Tamerlane Ventures Inc. (TAM: TSX-V) announces that the Toronto Venture Exchange has requested clarification of statements made by the Company in its news release of December 5, 2005.
The R-190 historical resource of 1,014,000 tonnes at a grade of 6.3% lead and 12.1% zinc referred to in the press release was taken from an historical report by Westmin Resources Ltd. and has not been the subject of any NI 43-101 report. The estimated in-situ value of the deposit is retracted as it may be misleading due to the fact that a feasibility study on the deposit has not been completed.
The purpose of the December 5, 2005 news release was to announce that a project manager had been hired to complete a feasibility study on the Pine Point project. Investors should be cautioned that while production is contemplated, the feasibility study has not been completed at this time and any statements on value or anticipated financial performance with respect to the R-190 deposit are forward looking.
“Ross F. Burns”
President & CEO
For further information, please contact:
Tom Thomsen, Investor Relations Consultant
Graham Eacott, Vice President, Investor Relations
Phone: (360) 332-4653
Fax: (360) 332-4652
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and as amended in Section 27E of the 1934 Act.