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Message: Tribute Announces Private Placement

Tribute Announces Private Placement

posted on May 20, 2009 04:36AM

Tribute Announces Private Placement



08:30 EDT Wednesday, May 20, 2009

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it is offering a minimum of 7,000,000 flow-through shares ("FT Shares") and a maximum of 15,000,000 FT Shares at a price of CDN$0.08 per FT Share for gross proceeds of a minimum of CDN$560,000 and a maximum of CDN$1,200,000.

The proceeds from the offering will be used for exploration on Tribute's properties. The financing is anticipated to close in tranches with the minimum financing to close on or before May 22, 2009.

This transaction is subject to approval from the TSX Venture Exchange.

The Company currently has 75,654,397 common shares issued and outstanding.

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