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BLAINE, WASHINGTON–(April 16, 2007) – Tamerlane Ventures Inc. (TSX VENTURE:TAM) is pleased to announce that a business agreement with the Katlodeeche First Nation (KFN) has been signed. The agreement outlines job and business opportunities to the Katlodeeche First Nation for the Pine Point Project and ensures a long lasting relationship between Tamerlane and KFN.
In a letter from KFN to the Mackenzie Valley Environmental Impact Review Board states, “The Chief and Council are satisfied that Tamerlane Ventures have taken all the necessary steps to ensure the protection of the lands and natural resources surrounding the mine site. Furthermore, the Chief & Council are satisfied Tamerlane Ventures inc. have met all the licensing requirements for this project and for the current and future business and economic opportunities between the parties.”Tamerlane is in on-going discussions with two other aboriginal groups.
Ross Burns, President & CEO, said: “We are extremely pleased to be continuing a mutually beneficial relationship with the Katlodeeche people and look forward to working with them as we develop our Pine Point Project.”
Ross F. Burns, President & CEO
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 www.sedar.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.
Tamerlane Ventures Inc.
Manager of Investor Relations
Tamerlane Ventures Inc.
Vice President, Investor Relations
(360) 332-4652 (FAX)
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