Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) is pleased to announce it has entered into a contract with Pincock, Allen and Holt to review Tamerlane’s updated feasibility study and prepare an updated NI 43-101 compliant reserve and resource technical report for the Pine Point Project, located in Canada’s Northwest Territories.

In August 2007, Tamerlane announced the feasibility study and NI 43-101 technical report covering all aspects of infrastructure, development, mining and processing for the R190 deposit (see August 24, 2007 press release). The mineral reserves for the R-190 deposit are as follows:

R-190 Deposit Reserves

Tonnes

Zinc %

Lead %

Zn+Pb%

R-190 Reserves

1,000,027

11.16

5.49

16.65

The updated feasibility study and NI 43-101 technical report will overwrite the reserves and economics of the six deposits located in close proximity to the R-190 deposit. In November 2007, Tamerlane began a confirmation drilling program to upgrade resources on the P-499, O-556, X-25, G-03, W-85 and Z-155 deposits to the measured and indicated resource category. The resulting updated feasibility study will convert these resources to proven and probable reserve categories. The indicated and historical resources for the five deposits are as follows:

Indicated Resources*

Deposit

Tonnes

Zinc %

Lead %

Zn+Pb%

P-499

877,000

6.45

2.88

9.33

O-556

861,000

4.22

4.32

8.54

X-25

3,124,000

6.54

2.30

8.84

G-03

3,444,000

4.10

3.00

7.10

W-85

2,597,000

2.82

1.05

3.87

TOTAL

10,903,000

4.69

2.43

7.12

Historical Resources**

Deposit

Tonnes

Zinc %

Lead %

Zn+Pb%

Z-155
(April 1983, A.W. Randall)

667,744

7.19

5.49

12.68

* Mineral resources that are not mineral reserves do not have demonstrated economic viability.
** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, and the issuer is not treating the historical estimate as current mineral resources. The historical estimate should not be relied upon.

The work is expected to be completed in April. At the completion of the work, new updated NI 43-101 results will be announced.

Ross Burns, President & CEO, said: “We are extremely pleased that the project is proceeding so well. Pincock, Allen and Holt is an industry leader in their field, and their expertise combined with the efforts Tamerlane’s staff of experienced geologists and engineers will facilitate significant progress toward our goal of completing project financing and achieving production as soon as possible.”

“Ross F. Burns”

President & CEO

For further information, please contact:
Brent Jones, Manager of Investor Relations
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (360) 332-4653
Fax: (360) 332-4652
Website: www.tamerlaneventures.com

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.