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Tamerlane Appoints New Chief Executive Officer
Published : February 22, 2013
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Keywords :   Canada | Copper | Gold | Lead | Market | Missouri | Peru | Zinc |

BLAINE, WASHINGTON--(Marketwire - Feb. 22, 2013) -


Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (News - Market indicators) is pleased to announce that the Board of Directors, effective as of today, has appointed Mr. John L. Key Chief Executive Officer of the Company. Mr. Key brings 40 years of deep industry knowledge in both operations and senior management, including 28 years of experience at Cominco Ltd. and its successor Teck Cominco.

The appointment of Mr. Key, who has significant experience in general management of both underground and open pit base metals mining, comes as Tamerlane continues a strategic shift in its focus to further increase the ratio of open pit to underground lead-zinc reserves and resources. The Company has already had considerable success in this endeavor, with the addition of 12.8 million tonnes of open pit reserves in 2012, which more than doubled both the projected Pine Point mine life and the total proven and probable lead-zinc reserves in Tamerlane's mineral inventory.

Prior to joining Tamerlane, Mr. Key held several senior management and executive positions, including President and CEO of Gryphon Gold Corporation, a TSX-listed company, from 2008 to 2012. During his tenure, Mr. Key's leadership was crucial in advancing Gryphon Gold from an under-capitalized junior exploration company to a production-stage mining company. As a result of this and other management initiatives implemented under Mr. Key's guidance, the company's market capitalization increased by fifteen times the 2008 level over 4 years.

Mr. Key also held the top position at the largest open pit zinc mine in the world during his 5 1/2 year tenure as General Manager of Red Dog Operations for Teck Cominco. Mr. Key's numerous accomplishments during his time operating in the arctic environment at Red Dog are highlighted by two major mine expansion projects, which in aggregate required the oversight of a budget of some $300 million and increased the annual production rate from 500,000 tonnes of zinc concentrates to over 1 million tonnes of concentrates.

Mr. Key was also General Manager of Cominco's Polaris Operations from 1993 to 1995. His considerable experience in permitting, community relations and other regulatory issues in the Northwest Territories of Canada will be crucial in advancing Tamerlane to the production stage of development, including the permitting of several open pit deposits at Pine Point.

Mr. Key will provide critical leadership to the Company during a time when lead and zinc prices are expected to rise, given the closure or decline in production at several prolific global zinc mines. Mr. Key is a proven leader with experience in financing, operating and leading large-scale mines in the Americas.

Mr. Key holds a Bachelor of Science (BS), and a Professional Degree in Mining Engineering, Mineral and Mineral Engineering from the University of Missouri - Rolla.

The Company also announced today that, effective immediately, Mike Willett has resigned as Tamerlane's CEO, citing personal reasons.

Margaret Kent, Executive Chairman, commented, "On behalf of the Board of Directors, I am very pleased to welcome Mr. Key to the management team. John's experience with large-scale open pit operations will play an essential role in advancing Pine Point to the production stage, with its existing open pit reserves and resources. Furthermore, his considerable experience in executive-level positions gives Tamerlane's current and prospective investors a heightened level of confidence in Tamerlane's ability to achieve its near- and long-term goals."

About Tamerlane Ventures Inc.

Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company's immediate focus is bringing the 100%-owned Pine Point Project to production. The Company is currently in the financing phase and expects to commence construction following financing. Tamerlane plans to sell the well-known, Pine Point concentrates to various smelting facilities around the world. The Company also plans to develop its Los Pinos heap leach copper project in Peru.

Margaret M. Kent, Executive Chairman

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Tamerlane Ventures Inc.
Brent Jones
Director of Corporate Communications and Investor Relations
(360) 332-4636
(360) 332-5025 (FAX)
Data and Statistics for these countries : Canada | Peru | All
Gold and Silver Prices for these countries : Canada | Peru | All

Tamerlane Ventures Inc.

ISIN : CA8750891043
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Tamerlane Ventures is a gold development stage company based in United states of america.

Tamerlane Ventures develops gold, lead and zinc in Canada, and holds various exploration projects in Canada and in Peru.

Its main asset in development is PINE POINT in Canada and its main exploration properties are CAROLIN MINE in Canada and LOS PINOS in Peru.

Tamerlane Ventures is listed in Canada. Its market capitalisation is CA$ 689 150 as of today (US$ 631 399, € 461 805).

Its stock quote reached its highest recent level on May 17, 2013 at CA$ 0.08, and its lowest recent point on February 28, 2014 at CA$ 0.01.

Tamerlane Ventures has 137 830 000 shares outstanding.

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Nominations of Tamerlane Ventures Inc.
2/22/2013Appoints New Chief Executive Officer
2/24/2011Appoints Gregg Sloate as Director of Investor Relations and ...
Financials of Tamerlane Ventures Inc.
5/30/2013Files Financial Results for the First Quarter of 2013
4/29/2011Reports Financial Results for Year 2010
Project news of Tamerlane Ventures Inc.
4/5/2013(Los Pinos)s Los Pinos Peruvian Property Legal Developments
5/6/2010(Pine Point)Tamerlane Confirms Historical Resources
Corporate news of Tamerlane Ventures Inc.
7/30/2013Misses Interest Payment and Receives Demand Notice from Lend...
7/30/2013Misses Interest Payment and Receives Demand Notice from Lend...
6/28/2013Announces Results of Annual General Meeting
6/28/2013Announces Results of Annual General Meeting
6/13/2013Announces Amendment to Forbearance Agreement in Respect of S...
4/23/2013(Pine Point)Engages Jennings Capital as Investment Banker for Pine Point...
3/28/2013(Pine Point)Interviewing Investment Banking Firms for Pine Point Project...
2/1/2013Amends Agreement to Acquire Indian Mountain Lake Property
1/24/2013Announces Closing of $1.7 Million Initial Tranche of Equity ...
1/7/2013Announces $2 Million Equity Financing
12/20/2012Announces up to $1.5 Million Flow-Through Private Placement
11/29/2012Announces Extension of Global Resource Fund Loans and Files ...
10/17/2012Provides Loan Update
9/26/2012Provides Update
4/13/2011(Pine Point)Continues to Advance Its Pine Point Lead-Zinc Project into P...
2/17/2011Announces Signed Term Sheet for US$60 Million Senior Secured...
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