Mr. John Key reports

TAMERLANE RECEIVES POSITIVE NI 43-101 UPDATED SUMMARY TECHNICAL REPORT FOR THE COMPANY'S PINE POINT PROJECT

Tamerlane Ventures Inc. has received an updated National Instrument 43-101 summary technical report for its Pine Point project in the Northwest Territories, Canada.

The technical report provides for a 12-year mine life. Using metal prices of 95 U.S. cents zinc and $1 (U.S.) lead, the Pine Point project has a net present value of $111,680,545 and an internal rate of return of 35 per cent.

The reserves summarized in the technical report are presented in the attached Pine Point reserves table.

                         PINE POINT RESERVES

               Classification (diluted and                                  
Deposit        recovered)                             Tonnes    % Zn    % Pb

R-190          Proven reserve                        647,000   12.47    6.10
               Probable reserve                      357,000    8.27    3.79
J-68           Proven reserve                        265,516    5.80    2.68
               Probable reserve                        2,780    2.34    0.63
HZ             Proven reserve                        911,600    3.65    3.10
               Probable reserve                      773,796    3.67    2.21
W-85           Proven reserve                      2,326,514    4.58    2.82
               Probable reserve                    1,125,598    3.14    1.47
X-65           Proven reserve                      2,510,470    3.65    1.45
M-67           Proven reserve                        473,465    4.57    1.35
               Probable reserve                      210,419    5.20    0.89
K-68           Proven reserve                        262,800    3.27    1.09
               Probable reserve                      769,126    2.61    0.76
M-62/63        Proven reserve                        803,721    2.25    1.01
O-53           Probable reserve                      274,812    2.71    0.83
N-204          Probable reserve                   12,800,000    2.60    0.70

Additional resources not included in the financial analysis of this technical report

Six underground deposits were classified as reserves in a technical report in July 30, 2008 (PAH, 2008). Of the six deposits, only one deposit, R-190, has been included in the financial analysis of this technical report. The remaining five 2008 underground reserves were not included in the financial analysis of this technical report and have been reclassified as measured and indicated resources. The author of this technical report believes that experience from the R-190 underground mine is essential to final evaluation of the remaining five deposits to reserve status.

A summary of the measured and indicated resources is as set out in the attached measured and indicated resources table.

                      MEASURED AND INDICATED RESOURCES

Deposit                                       Tonnes        % Zn        % Pb

X-25                Measured               2,195,000        2.37        0.98
                    Indicated              1,026,000        2.46        0.67
P-499               Measured                  43,000        2.12        0.84
                    Indicated                531,000        1.87        0.76
O-556               Measured                 138,000        1.88        1.86
                    Indicated                664,000        1.92        1.32
Z-155               Measured                 113,000        1.69        0.80
                    Indicated                292,000        1.90        0.96
G-03                Measured                 394,000        2.14        2.08
                    Indicated              1,018,000        1.76        1.24

The technical report will be filed on SEDAR by March 28, 2014.

This positive technical report was prepared by Albert Siega, PEng, MBA, an independent engineering and project consultant, in conjunction with Paul Gann, PGeo. Mr. Siega and Mr. Gann have verified the data in the news release that pertain to the technical report. Both Mr. Siega and Mr. Gann are qualified persons under NI 43-101 standards.

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