Tamerlane Ventures, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, company announced a net comprehensive loss of CAD 1,031,742 or CAD 0.01 per basic and diluted share compared to a net comprehensive loss of CAD 1,111,984 or CAD 0.02 per basic and diluted share a year ago. Cash used in operating activities was CAD 1,252,858 against CAD 776,416 a year ago. Expenditures on exploration and evaluation assets were CAD 1,053,859 against CAD 620,115 a year ago.