Minister agrees to bypass environmental impact review phase
Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today that the Federal Minister of Indian and Northern Affairs Development approved Tamerlane’s application for land and water use permits for the Pine Point Project.
In his letter (dated May 13, 2008) to the Mackenzie Valley Environmental Impact Review Board (MVEIRB), the Minister agreed with MVEIRB’s February 22, 2008 recommendation in favor of Tamerlane’s application stating, “Indian Northern Affairs Canada and the other Responsible Ministers are in agreement not to order an environmental impact review for the Tamerlane Ventures Inc.’s Pine Point Pilot Project.” The letter further stated, “We support the Mackenzie Valley Environmental Impact Review Board’s determination regarding the proposed development as set out in its Report of Environmental Assessment and Reasons for Decision, dated February 22, 2008.”
As a result of the Minister’s approval, Tamerlane’s application for land and water use permits will proceed to the routine regulatory phase, where the applications will be reviewed by the Mackenzie Valley Land and Water Board (MVLWB). Tamerlane will begin construction and development immediately following regulatory approval and receipt of the necessary permits.
Ross Burns, President & CEO, said: “We are very pleased with the Minister’s decision, and we look forward to an expeditious process in moving this project into construction. The Company will continue to work closely with local communities, regulatory officials and other stakeholders as the Pine Point project continues toward production.”
“Ross F. Burns”
President & CEO
For further information, please contact:
Brent Jones, Manager of Investor Relations
Phone: (360) 332-4653
Fax: (360) 332-4652
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