Significant project and permitting events during the development of the Pine Point Project (PPP) are detailed in the following chronology:

(P) - denotes milestones related to the land and water use permitting process

2012
February
Tamerlane completes NI 43-101 document for the N204 deposit, adding indicated and inferred resources.

Tamerlane completes NI 43-101 document for the N204 deposit, adding indicated and inferred resources.

2011
July
Tamerlane submits documentation to modify its existing Water Licence, and request a new Land Use Permit for a proposed change of access (portal/decline vs. shaft) to the R190 deposit.
April
Thyssen Mining Construction of Canada (TMCC) completes a report for Tamerlane confirming that portal / decline access to the R190 deposit would be more beneficial than Tamerlane’s original plan to access by shaft.
March
Drilling continues at the W85 deposit to determine indicated and inferred resources.
February
Tamerlane completes NI 43-101 document for the N204 deposit, adding indicated and inferred resources.
2010
June
Tamerlane approves new CEO and two new Directors
Tamerlane intersects 71.24 feet grading 9.68% Lead-Zinc at N204 Deposit
May
Tamerlane confirms historical resources at N204 Deposit with Pine Point Project
February
Tamerlane commences drill program at Pine Point Project (N204 Deposit)
2009
July
Tamerlane receives Land Use Permit for its Pine Point Project.
April
Tamerlane receives Water License for its Pine Point Project.


2008
December
Tamerlane received notice that the Type A Water License was finalized and sent to the Minister of Indian Affairs and Northern Development for final signature.
Tamerlane received notice from Northland Utilities Limited that it received an exclusive electrical utility franchise to provide hydroelectric power to the Company’s Pine Point property.
November
Tamerlane announces final closing and 100% ownership of the Los Pinos copper porphyry deposit located 100 kilometers south of Lima, Peru.
September
Tamerlane submitted a Type A Exploration Land Use Permit to the Mackenzie Valley Land and Water Board.
August
Tamerlane completed its in-house Pre-feasibility study on the W-85 deposit which is host to NI 43-101 compliant resources of 2.6 million tonnes at grades of 2.82% zinc and 1.05% lead.
July
Tamerlane completed its bankable Feasibility Study on the Pine Point Project, which included the mining of six (6) underground zinc and lead deposits.
2008 confirmation drill program produces 8,000 feet of core in 4 deposits with the best intercept at the R-190 deposit which contained 120 vertical feet of 29.1% zinc and 11.6% lead.
Tamerlane received its Land Use Permit from the Mackenzie Valley Land and Water Board allowing for the construction and start-up of operations at the Company’s R-190 deposit.
Pincock, Allen and Holt completed its independent review of Tamerlane’s feasibility study and issued its updated NI 43-101 Technical Report which identifies the below salient points:
· Proven plus probable reserves of 7.8 million tonnes at grades of 6.2% zinc and 3.0% lead;
· Measured & Indicated resources of 8.0 million tonnes at grades of 2.3% zinc and 1.1% lead;
· Historic resources of 50.3 million tonnes at grades of 3.79% zinc and 1.19% lead;
· 9-year mine life producing at 2,800 tonnes ore per day;
· Producing a 62% zinc and 72% lead concentrate for an annual average tonnage of 90,300 and 36,200 tonnes, respectively;
· A capital cost of US $239 million for the life of the Project;
· Operating costs of US $51.73 per tonne of ore; and
· A calculated after tax internal rate of return of 22%.
April
Tamerlane successfully completed its 2007 drilling program which produced 9,600 feet of core in 4 deposits with the best intersection at the Z-155 deposit encompassing 105 continuous feet at 23.93% zinc and 6.22% lead.
February
Tamerlane reports metallurgical test results that exceed company’s expectations. The low-grade composite had an initial headgrade of 2.97% Pb and 4.71% Zn, which was upgraded 250% through DMS to 7.43% Pb and 11.82% Zn at metal recoveries above 98%.
MVEIRB issues Report of Environmental Assessment and recommends Pine Point Project proceed to the regulatory phase of approvals without restrictions.
January
Tamerlane is granted 16 mining leases covering 21,526 acres of the Pine Point properties
Tamerlane commences 2008 drill program