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UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW.


Tamerlane Ventures Inc. ("Tamerlane" or the "Company") (TSX VENTURE:TAM) today
announced that the Company has closed the initial tranche of the private
placement to R. Christopher Charlwood announced on January 7, 2013. In
connection with this closing, the Company issued 27,500,000 shares to Charlwood,
together with 13,750,000 common share purchase warrants, each common share
purchase warrant entitling the holder to purchase a common share of the Company
at an exercise price of C$0.11 per share for a period of 24 months. The Company
realized proceeds of $1,698,841.70 from the initial closing, at a subscription
price of C$0.0618 per unit, each unit comprising one common share and one-half
of one common share purchase warrant. All of the securities issued under this
private placement are subject to a four-month hold period. Charlwood did not
previously own any shares in the Company. As a result of the closing of the
initial tranche, he now holds 19.99% of the issued and outstanding Tamerlane
Common shares. Charlwood has advised the Company that he has acquired the shares
for investment purposes.


In addition, the Company has issued 16,172,673 common shares to Global Resource
Fund for the extension of the Company's senior secured loans to October 16, 2013
as announced on November 29, 2012. These shares are also subject to a four-month
hold period. After taking into effect both of these closings the company has
137,578,529 shares outstanding.


The Company expects to close up to the remaining $1,340,000 balance of the $1.5
million private placement of flow-through shares, originally announced on
December 20, 2012, as soon as reasonably possible, and then to close the
remaining $300,000 tranche of the planned total $2 million private placement to
Charlwood promptly thereafter. 


The proceeds from the private placements and the 12-month loan extension will
enable the Company to carry on with various strategic, operational and
exploration initiatives currently under way aimed at growing the Company and
enhancing shareholder value. Tamerlane is seeking to secure a significant
project financing for Tamerlane's Pine Point Project and to monetize other
Company assets, in particular the Los Pinos Copper Project in Peru. In addition,
the flow-through financing will fund exploration programs at the Company's
projects located in Canada's Northwest Territories.


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 is
also reviewing strategic alternatives for its Los Pinos heap leach copper
project in Peru.


Michael A. Willett, Chief Executive Officer

In connection with his acquisition of shares, Mr. Charlwood will file an early
warning report as required by securities legislation. You may obtain a copy of
that report by accessing Tamerlane's filings on SEDAR at www.sedar.com.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tamerlane Ventures Inc.
(360) 332-4636
(360) 332-5025 (FAX)
info@tamerlaneventures
www.tamerlaneventures.com

(TSXV:TAM)
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