Tamerlane Ventures, Inc. announced the results of its updated NI 43-101 technical report for the R-190 area, which includes the R-190, P-499, O-556, X-25, Z-155 and G-03 underground carbonate hosted lead zinc deposits at the company's Pine Point Project, located in Canada's Northwest Territories. The technical report announced was undertaken by third party consultants MineTech International Ltd. The updated technical report covers all aspects of construction, development and mining, and confirms that the Pine Point project is economically feasible. Mineral Reserves for the six deposits were based on a feasibility study announced in September, 2008, which anticipated shaft access to the underground workings. A NI 43-101 Technical Report, issued in 2008, confirmed that it was economically feasible to mine the six deposits. In 2011 Tamerlane incorporated a decline access method in its mining plans as part of continuing activities to enhance the profitability and overall economics of the Pine Point Project. Tamerlane then updated its original feasibility study on the six Pine Point Project deposits to reflect this change in plans from shaft access to decline access, and updated all project economics. MineTech has worked with Tamerlane to review and audit the mine plans, economic models and all associated work for the six deposits using a decline for access. The 2008 NI 43-101 technical report for R-190, P-499, O-556, X-25, Z-155 and G-03 was based on a zinc cutoff grade of 2%, which provided the maximum net present value with deposit continuity for mining layouts. The estimated proven and probable reserves are 7.8 million tonnes at 3.01% Pb and 6.16% Zn. The reserves for the six deposits have not changed as a result of the change from shaft access to decline access. In addition to mineral reserves, there are an estimated 8.0 million tonnes at 1.13% Pb and 2.26% Zn measured and indicated mineral resources. These resources are exclusive of (that is in addition to) mineral reserves. Resources were estimated using a cutoff grade of 1.0% zinc.