Tamerlane Ventures, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, company announced a net comprehensive loss of CAD 1,416,683 or CAD 0.02 per basic and diluted share compared to a net comprehensive loss of CAD 686,388 or CAD 0.01 per basic and diluted share a year ago. Cash used in operating activities was CAD 780,098 against CAD 650,474 a year ago. Expenditures on exploration and evaluation assets were CAD 600,850 against CAD 1,152,666 a year ago.

For the six months, company announced a net comprehensive loss of CAD 2,442,425 or CAD 0.03 per basic and diluted share compared to a net comprehensive loss of CAD 1,798,373 or CAD 0.03 per basic and diluted share a year ago. Cash used in operating activities was CAD 2,035,743 against CAD 1,509,867 a year ago. Expenditures on exploration and evaluation assets were CAD 1,654,713 against CAD 1,696,550 a year ago.