Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announces a net loss of C$28,596, or $nil per share, in the third quarter ended September 30, 2006 and a net loss of C$213,423, or $0.01 per share, in the year to date period. As at September 30, 2006 the Company had working capital of C$4.2 million.
Tamerlane appoints Chief Financial Officer
Tamerlane’s board of directors is pleased to announce the appointment of Diana Rollo, BBA, CPA, as Chief Financial Officer. Ms Rollo has 8 years of experience in public accounting as audit manager for two major accounting firms; 12 years experience as chief accounting officer for a publicly-traded Canadian mining company; and over 9 years of experience as chief financial officer and vice president of finance in mid-market companies. Her experience includes financial analysis, budgeting, forecasting and modeling; mergers and acquisitions; as well as enterprise risk management system analysis, design and implementation. Ms Rollo also has experience in US and Canadian GAAP reporting and Sarbanes-Oxley compliance.
“Ross F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of Investor Relations
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.
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.