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Tribute Announces Private Placement

16:45 EDT Thursday, June 04, 2009

TORONTO, ONTARIO--(Marketwire - June 4, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it is offering up to 16,666,667 units of the Company at a price of $0.06 per unit, for gross proceeds of up to $1,000,000 (the "Offering"). Each unit (a "Unit") will consist of one (1) common share of the Company and one half (1/2) of a share purchase warrant (each a "Warrant"). Each full Warrant will entitle the holder to acquire an additional common share at the price of $0.12 per share for two (2) years following Closing. The Company may pay a finder's fee of up to 10% cash plus up to 10% Compensation Options for funds raised by an eligible finder. Each Compensation Option entitles the finder to purchase one common share of the Company at a price of $0.10 for twenty-four (24) months from Closing. Insiders of the Company may subscribe for up to a total of 1,666,667 Units for proceeds of up to $100,000.

The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization.

The proceeds from the offering will be used for working capital. The financing is anticipated to close in tranches.

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

The Company currently has 83,000,397 common shares issued and outstanding.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@tributeminerals.com
www.tributeminerals.com