Significant opportunity exists to verify and expand the *historical resource with more drilling and refinement of the mine plan outlined by Pincock, Allen & Holt (PAH) in 1994. Tamerlane plans to carry out a US $1.0 million in-fill drilling program on the Los Pinos property on receipt of a drilling permit. Results of the program will provide input for an NI 43-101 compliant Technical Report and the basis for an updated feasibility study.

** Historical estimates should not be relied upon. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Tamerlane is not treating the historical estimate as current mineral resources or mineral reserves.