Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today that it has been issued a Type A Land Use Permit by the Mackenzie Valley Land and Water Board (MVLWB) in accordance with the Mackenzie Valley Resource Management Act.
The MVLWB approved the Land Use Permit for a period of five years commencing July 29, 2008 and expiring July 28, 2013.
With the receipt of this permit, Tamerlane may now begin construction at the Company’s Pine Point lead-zinc project, located in the Northwest Territories, Canada.
Initial construction activities will include grading and leveling, drilling and installing freeze holes, installation of a freeze plant, shaft sinking and related shaft infrastructure, surface structures and buildings, and various other activities.
Ross Burns, President & CEO, said: “We are extremely pleased to have been granted our land use permit in such a timely manner. Tamerlane will continue working closely with the MVLWB and other regulatory agencies to obtain its water license and complete the permitting process.”
“Ross F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of 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.