TLC Ventures Announces Management Changes

Oct 12, 2005

For Immediate Release - Vancouver, Canada: Dr. Richard Henley, Chairman of TLC Ventures Corp. TLV.TSXV (the "Company") announces that Dr. Sally Eyre has stepped down as President and Chief Executive Officer of TLC Ventures Corp. effectively immediately. Dr. Eyre will remain on the Board of Directors of the Company. Effectively immediately, Mr. Edward Farrauto, currently a TLC Ventures Corp. Director and Chief Financial Officer will take the role as Interim President and Chief Executive Officer.

On Behalf of the Board of Directors
TLC VENTURES CORP.
Signed 'Richard W. Henley'

Dr. Richard W. Henley, FAICD
Chairman

For more information contact TLC Ventures Corp. Tel: 604 681 9944.
E-Mail: info@tlcventurescorp.com
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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