Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announces today that it has granted 322,000 stock options, of which 200,000 stock options have been granted to directors and officers of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of C$0.45 per share for a period of five years. Tamerlane’s common shares closed at C$0.44 on the TSX Venture Exchange on March 14, 2006.
Tamerlane has 14,024,662 common shares issued and outstanding. Under the terms of the Company’s “rolling” Incentive Stock Option Plan, a maximum of 1,402,466 shares are available to be issued pursuant to the exercise of options at this time. Including today’s grant of 322,000 options, a total of 1,402,000 shares have been reserved for issuance pursuant to outstanding option grants. A further 466 shares are available for issuance pursuant to future option grants at this time.
“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.