Overview

Tamerlane Ventures Inc. (CVE:TAM) is an exploration and development mining company with advanced base metal projects in Canada and Peru. The company is focused on bringing its 100% owned, zinc-lead Pine Point Property back into production in the Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru.

Investment Highlights

• Pine Point Zinc-Lead Property was the largest, most profitable, base metal mine in Canadian history
• The Pine Point Project will first develop and mine the R190 deposit which contains reserves of 1,000,027 tonnes at a grade of 11.16% zinc and 5.49% lead
• The deposit will be mined utilizing a freeze perimeter and other proven technologies for underground mining operations
• Tamerlane will then use the infrastructure to access a series of nearby deposits that were the subject of the recently announced feasibility study.

Chief Projects

Pine Point Property – Northwest Territories, Canada

The historic Pine Point Mine is located in the southern Northwest Territories on near the south shore of the Great Slave Lake, 129 kilometers south of Yellowknife. There is existing infrastructure at Pine Point including connection to a nearby hydroelectricity source, a paved road network, and a rail head 42 km away at Hay River.

The R190 deposit lies within the main trend at Pine Point and is Tamerlane’s current focus with NI 43-101 compliant Proven and Probable Reserves of 1 million tonnes at a grade of 10.98% zinc and 5.28% lead, 1.6 million tonnes of NI 43-101 compliant Measured and Indicated Resources grading 2.72% zinc and 1.37% lead, and 0.3 million tonnes of Inferred Resources grading 2.86% zinc and 1.08% lead. The ore body is a prismatic type occurring in a karst that bottoms just above sandy dolomite. Overburden thicknesses encountered during Tamerlane’s drill programs ranged from 85 to 147 feet and no outcrop exposures were encountered.

Historical work includes extraction of over 64,259,570 tonnes of ore between 1964 and 1987. There are 35 known deposits at Pine Point and Tamerlane conducted drill testing on three of these between February and September 2005. In 2008, the company began drilling an additional 16 historic deposits, and in 2010, 24 diamond drill holes were drilled at the N204 deposit, which contains historical resources at 16Mt at a grade of just over 4.0% combined Zn-Pb.

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Tamerlane began a work program at Pine Point in March, which includes geotechnical drilling, resource drilling, surveying, engineering, and environmental studies. Drilling results are expected to expand the existing resources and convert historical W-85 resources into NI 43-101-compliant reserves. As of July, W-85 drilling has completed a total of 4 drill holes out of a total 10-hole program with drilling projected to be completed by August and assay results expected in mid-September.

Calculation of a new resource on the W-85 deposit is expected to commence in the early fall, with a NI 43-101 scheduled to be completed by the end of the year. The addition of the W-85 resource will add another deposit to Tamerlane’s resources and extend the life of the project considerably.

Additional areas with exploration potential lie in an under-explored 15 km zone at the property boundary and to the west of the defined deposits on the Westmin property.

Los Pinos Project – Peru

The Los Pinos deposit is an oxide copper deposit developed on a porphyry system, geologically similar to Cerro Verde in Peru and similar in size to Carlota in Arizona. The deposit consists of oxide, mixed oxide/sulphide, and sulphide zones and is potentially suited for open pit mining and heap leaching followed by solvent extraction/electrowinning to recover copper.

In 1994, Pincock, Allen & Holt calculated a resource estimate of 63,191,000 tonnes with an average grade of 0.36% total copper at a cut-off grade of 0.22% copper at Los Pinos. A mine plan and production schedule found a potential production rate of 3.6 million tonnes per year for 10 years at an average grade of 0.40% copper with a strip ratio of 1 to 1 producing approximately 25 million pounds of cathode copper per year.

Tamerlane optioned the property in 2007, finding significant potential to verify and expand the historical resource with more drilling and refinement of the mine plan outlined in 1994. Tamerlane plans to carry out a US $1.0 million in-fill drilling program at Los Pinos upon receipt of a drilling permit. Results of the program will provide input for an NI 43-101 compliant Technical Report and the basis for an updated feasibility study.

Management

Michael Willett, P.Eng – Chief Executive Officer

Michael Willett is a Professional Mine Engineer with over 25 years of experience in management, engineering, and operations in the mining industry. Mr. Willett has worked for several mining companies including Hudson Bay Mining and Smelting Co., Ltd., Aurora Quarrying Ltd., and Dynatec Mining Ltd.  He has been involved in numerous mining projects, including several mine startups. During his career, Mr. Willett has held positions of progressively greater responsibility up to and including General Manager overseeing a  mine and concentrator complex and associated infrastructure.

Mr. Willett holds a B.Sc degree in Mine Engineering from Queen’s University and a Masters Certificate in Project Management from the Schulich School of Business, The University of Winnipeg.

Ross F. Burns, HBSc., P.Geo., L.G. – President, Director

Ross Burns is a 40-year veteran of the mining industry who has served as a director and officer of numerous Canadian public mining companies including Royal Oak Mines and Century Mining.  Mr. Burns served for 18 years as Vice President of Exploration for gold companies where he held responsibilities for reserves and exploration for six producing mines and multiple exploration properties.  In that time, he was involved in the financing and development of the Kemess Copper Gold Mine.

Mr. Burns has extensive exploration and mine geology experience in Mississippi Valley Type, sediment-hosted, lead-zinc deposits, which was gained at Teck Cominco’s Polaris and Pine Point mines in Canada’s Northwest Territories.  Since 2004, Mr. Burns has been President and Director of Tamerlane Ventures, which owns the Pine Point lead-zinc property.  His unique vision and long-time knowledge of the property have equipped him to oversee the development of Pine Point from exploration through the feasibility stage.

Mr. Burns is an Honours Geology graduate from Queen’s University, Kingston, Ontario , a Professional Geologist in the Northwest Territories, and  a Licensed Geologist in Washington State.

Margaret M. Kent, B.Sc., M.Sc. – Executive Chairman, Chief Financial Officer

Margaret Kent has spent over 35 years in the mining industry, during which time she has become a leading figure in the industry in Canada. She has been Chairman, President and CEO of a number of gold and base metal mining companies, with full responsibility to the board of directors for operations, financings and growth.

She has extensive experience in the public and private debt and equity markets in Canada, the USA and Europe. Her experience includes arranging over $1.5 billion of major financing comprising equity with derivatives instruments, high-yield bonds, and convertible debentures to fund major capital projects, acquisitions, and for providing debtor-in-possession financing.

In addition to her resource experience, Margaret Kent has extensive experience in the field of insolvency and restructuring. She has structured purchases of assets out of insolvency both in the US and in Canada. She has restructured companies’ debt packages and worked as a chief restructuring officer filing companies in CCAA, Chapter 11, and Chapter 7. She has also raised significant capital for insolvent companies.

Margaret Kent has been a member of the board of directors of some of Canada’s leading natural resource companies, including Talisman Energy, TransCanada Corporation, Royal Oak Mines, and Nova Chemicals, where she served on a number of board committees, including the audit committee.

In July, 2010, she retired from her post as Chief Executive Officer of Century Mining Corporation.  Her major responsibility at Tamerlane is to procure and arrange the financing package for the Pine Point lead-zinc project in the Northwest Territories.

Donald E. Nilson, CPA – Corporate Controller

Mr. Nilson is a Certified Public Accountant with over 20 years’ experience in public and private accounting.  His experience includes 13 years in public accounting as an auditor, including four years with what is now PriceWaterhouseCoopers.  Mr. Nilson also served for six years as Vice President, Finance and Chief Financial Officer of USMX, Inc., a junior gold mining company.  He was most recently at Microsoft for ten years in various roles, including three years as a group business manager.

Mr. Nilson holds an undergraduate degree in Accounting from the University of Colorado and a Master’s Degree in Information Systems from Colorado State University.

At Tamerlane Ventures Inc., Mr. Nilson is responsible for all aspects of financial reporting, as well as financial analysis, budgeting, and project spreadsheet development

W. J. V. Sheridan – Secretary & Director

Mr. Sheridan has been a partner in the law firm of McMillan LLP since 1970 and is an authority in mining law. His practice includes general corporate, commercial and securities law with an emphasis on mergers and acquisitions, mining and international joint ventures.

Independent Directors

J. Cowan McKinney (A) – Director

J. Cowan McKinney is the Chairman of the Board of Pacific Insight Electronics Corp. He is a retired partner of KPMG, Director and President of Stormont Enterprises Ltd. Director of Western Pacific Trust Company and Tamerlane Ventures Inc. He is a also the Director and President of Stormont Enterprises Ltd., and a Director of Western Pacific Trust Company.

Eugene Larabie – Director

Mr. Larabie has 47 years experience in the mining industry. He was assistant manager & mines manager in underground mines in Northern & Southern British Columbia, Yukon, & Northwest Territories. In Northern British Columbia, he was responsible for all construction pertaining to bringing an underground mine into production. He has been a director & president of numerous public companies and personally formed over 12 public companies. He graduated from Haileybury School of Mines in 1957, & is a member of the Professional Engineers Association of the Provinces of Ontario & British Columbia, Canada.

Dr. Edmond H.P. van Hees (Ph.D. Geology) (A) – Director

Dr. van Hees, Ph.D, with over 30 years of technical and geological expertise, currently is the Assistant Professor at Wayne State University in the geological department. Dr. van Hees has authored and co-authored numerous technical publications and brings significant experience as a consulting geologist since 1986, where he has worked on projects throughout the world with such companies as Kinross, Miramar, Placer Dome Exploration and Chevron Minerals. Dr. van Hees graduated from the University of Waterloo in 1975 (Honors B.Sc Earth Science), the University of Western Ontario in 1979 (M.Sc. Geology) and the University of Michigan in 2000 (Ph.D. Geology).

Fredrick J. Bracken P.Eng. (B.Sc. Metallurgy) (A) – Director

Mr. Bracken, P.Eng., has over 40 years of experience in the mining industry since graduating in 1960 from the University of Toronto in Metallurgical Engineering.  Mr. Bracken currently works as an industry consultant since 2000 in the concentrate marketing field, including international trade consulting.  Mr. Bracken brings a wealth of experience gained during his 36 years spent with Cominco where he held various roles of increasing responsibility including General Manager – Concentrate Sales for over 10 years and also roles within the development and technical services departments.