Tribute Minerals Inc. and Webequie First Nation Sign Memorandum of Understanding

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) and Webequie First Nation are pleased to announce that a Memorandum of Understanding (the "MOU") has been signed to set forth the proposed terms for an exploration and consulting agreement to be negotiated between Webequie First Nation and the Company.

Under the terms of the MOU, Tribute is granted permission to begin drilling and Webequie First Nation has been granted stock options in consideration for the ongoing relationship between the two groups in respect of the proposed work program in the Webequie First Nation's traditional territory.

Tribute will begin drilling immediately on its Sunday anomaly targets in the "Ring of Fire" - James Bay Lowlands, property.