Two Directors and Officers of Tamerlane Ventures Inc. have agreed to loan the company up to $100,000 on an as needed basis. The loans will have a one-year term and will bear interest at 12% per year. The loans may be repaid at any time. A 10% premium will be due upon repayment of the loans.

The company also announced that, as of December 14, 2012, Fredric J. Bracken has stepped down from the Board of Directors for personal reasons. Mr. Bracken remains available to provide strategic advice to the company with respect to concentrate sales.