Tamerlane receives Water License for its Pine Point Project

    BLAINE, WA, April 30 /CNW/ - Tamerlane Ventures Inc. (TAM: TSX-V)
announced today that it has been issued a Type A Water License by the
Mackenzie Valley Land and Water Board (MVLWB) in accordance with the Northwest
Territories Waters Act. The license has been approved for a period of 4 years
and 7 months, commencing December 12, 2008 and expiring July 28, 2013.
    Tamerlane announced its reserve report and feasibility study for the Pine
Point Project in August 2007, and updated economic analysis for the project in
November 2008. The economic analysis for the Pine Point Project shows total
operating costs of US$0.49 per pound of zinc. With the receipt of this permit,
Tamerlane now has all necessary environmental permits and leases to begin
construction and mining operations.
    Regarding financing, the Company stated that it intends to recommence
negotiations with potential lenders when the credit markets are more favorable
and zinc and lead spot price trends improve. The Company is also continuing
discussions with various smelters and end-users of zinc and lead regarding
possible off-take agreements. Pine Point was previously in operation from 1964
to 1987, during which time the mine was renowned for its exceptionally clean
zinc-lead concentrates, which were almost entirely free of metallurgical
    Tamerlane also announced today the appointment of Wolfgang Schleiss as
Vice President of Exploration. Mr. Schleiss has over 25 years experience in
exploration geology and resource analysis within the precious/base metals and
industrial minerals sector. Throughout his career he has held positions of
increasing responsibility at several major U.S. mining companies. Mr. Schleiss
has directed precious/base metal exploration programs and been involved in
precious/base metal property acquisitions and evaluations throughout North
America, Europe and Russia. He has also been responsible for the replacement
and estimation of resources/reserves at several mines. Mr. Schleiss
specializes in exploration geology and evaluation of potential acquisition
targets. Mr. Schleiss is a registered Professional Geologist in the State of
Wisconsin and is also a Fellow in the Society of Economic Geologists

    "Ross F. Burns"
    President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this press

    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

For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: bjones@tamerlaneventures.com, Phone: (360) 332-4653, Fax: (360)
332-4652, Website: www.tamerlaneventures.com

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