Tamerlane Reports Discovery Of New Mineralized Zone At Pine Point

    - Exploration drilling confirms new mineralized zone connecting two
    deposits -

    BLAINE, WA, Aug. 20 /CNW/ - Tamerlane Ventures Inc. (TAM: TSX-V)
announced today new assay results of drill holes that confirm lead-zinc
mineralization of an area between the M67 and L65 deposits at the Company's
Pine Point property, located in the Northwest Territories, Canada.
    Today's assay results are from three holes (TV1, TV2 and TV3) drilled at
the L65 deposit and three exploration holes (TV4, TV5 and TV6) drilled between
deposits M67 and L65. Today's results are significant because the three
exploration holes confirm that there is mineralization over approximately 220
meters between deposit M67 and deposit L65.
    The M67 and L65 Deposits are located along the main trend of the Pine
Point District within an area of open pit mining conducted by Cominco from
1965 to 1987. These deposits are shallow tabular deposits that may both be
future open pit and underground targets.
    Tabular deposits are among the most common deposit types in the Pine
Point District and are deposited in long sinuous karst caverns following
underground streams. This style of mineralization has been mined successfully
by both open pit and underground methods at Pine Point. Historically, a total
of 13,480,900 tonnes grading 5.6% zinc and 1.7% lead have been mined in
tabular deposits.
    The assay results are shown below:

                                 Deposit L65
    Drill        (Feet)         Thickness      True       Average
    Hole     --------------  -------------- Thickness  ------------  Combined
    Number    From     To     Feet   Metres   (Feet)   %Zn     %Pb    %Zn+%Pb
    L65-TV1    327     377      50    15.2       36    5.17    0.43    5.60
    L65-TV1    389     398       9     2.7        6   13.74    1.30   15.04
    L65-TV2    297     342      45    13.7       32    1.72    0.10    1.82
    L65-TV2    347     387      40    12.2       28    4.40    0.94    5.34
    L65-TV3    217     247      30     9.2       29    5.62    1.69    7.31
    L65-TV3    282     297      15     4.6       14    1.51    0.42    1.93
    L65-TV4    197     217      20     6.1       20    1.70    0.46    2.15
    L65-TV4    235     238       3     0.9        3   18.05    1.81   19.86
    L65-TV5    226     242      16     4.9       16    6.46    1.79    8.26
    L65-TV6    223     262      39   11.89       39    4.59    1.24    5.83
      L65-TV1 was drilled at -46degrees; TV2 at -45degrees; TV3 at -76degrees
      L65-TV4, TV5 and TV6 were all drilled at -90degrees

    Deposit L65

    The results herein described have been prepared under the guidance of
Ross F. Burns, P. Geo., LG, President of the Company, who is designated as a
Qualified Person with the ability and authority to verify the authenticity and
validity of the data. The drill program was carried out under the direct
supervision of Mr. Wolfgang Schleiss, P. Geo., M.Sc. Samples and assay results
for lead and zinc quoted herein were prepared by ALS Chemex of Vancouver, BC
using industry standard assay techniques for ore grade lead and zinc
    Ross Burns, President & CEO, said: "We are extremely pleased with these
results because they provide evidence of previously unknown mineralization.
This is a very exciting development in the Pine Point Project, as we believe
that the large land position may contain many more exploration targets with
excellent potential for mineralization."

    "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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