TLC Grants Option

May 12, 2004

For Immediate Release; Vancouver, Canada. : Dr. Richard Henley, Chairman of TLC Ventures Corp. (TLV.TSXV) announces that the Company has granted an officer and director of the Company options to purchase up to 200,000 shares in the capital of the Company at a price of $1.80 for a period of five years expiring on May 11, 2009 The foregoing is subject to TSX Venture Exchange approval.

TLC Ventures Corp. is a well funded, Vancouver, Canada, based mineral exploration company that is focused on the acquisition, advancement and development of gold and base metal assets around the world. The Company controls a 100% interest in the Point Leamington gold-rich massive sulphide deposit in Newfoundland, Canada. Gold Fields (through a wholly owned subsidiary) is a significant equity owner in TLC Ventures controlling an approximate 9.5% equity interest in the Company.

"Dr. Richard Henley FAICD".
Dr. Richard Henley FAICD
For more information, contact Sally Eyre, President, at 604-681-9944. Email:
TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release. The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward looking statements.


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