Tamerlane Ventures Inc. V.TAM

summary from shareholders meeting

[nasdaqman]

found it on SEDAR

PRESS RELEASE

June 22, 2009

TAMERLANE CONCLUDES ANNUAL MEETING OF SHAREHOLDERS

Blaine, WA: Tamerlane Ventures Inc. (TAM: TSX-V) announced today that it concluded its Annual and Special Meeting of Shareholders held on June 19, 2009. At the meeting, Ross Burns, the Company’s President and Chief Executive Officer, was elected to the Board of Directors.

Also elected to the Board of Directors were J. Cowan McKinney, Eugene Larabie, Bruce W. Downing, William J.V. Sheridan and Margaret M. Kent.

Tamerlane has 55,235,793 common shares issued and outstanding. Under the terms of the Company’s "rolling" Incentive Stock Option Plan a maximum of 5,523,579 shares are available to be issued pursuant to the exercise of options at this time. Subject to the approval of the TSX Venture Exchange, the Company approved the issue of 600,000 stock options to directors of Tamerlane. The stock options are exercisable into common shares of Tamerlane at an exercise price of C$0.17 per share for a period of five years. Tamerlane’s common shares closed at C$0.16 on the TSX Venture Exchange on June 18, 2009. Directors of the Company do not receive a fixed retainer, but only a nominal sum of $200.00 per meeting for attendance. The options granted are part of an annual grant that make up a key component of directors’ annual compensation. Including this grant of 600,000 options, a total of 3,657,500 shares have been reserved for issuance pursuant to outstanding option grants. A further 1,866,079 shares are available for issuance pursuant to future option grants at this time.

"Ross F. Burns"

President & CEO

For further information, please contact:

Brent Jones, Manager of Investor Relations

E-mail: [e-mail]

Phone: [phone]

Fax: [phone]

Website: www.tamerlaneventures.com