Breaking News

Tribute Settles Debt with 6 Creditors

17:03 EDT Monday, October 19, 2009

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) wishes to announce that, further to its press releases issued September 24, 2009 and October 9, 2009, it has settled $276,935.96 of debt owed to four (4) non-arm's length creditors and two (2) arm's length creditors. The non-arm's length debt (totalling $117,735.96) was settled for the issuance of 1,471,700 common shares priced at $0.08 per share and the arm's length debt (totalling $159,200) was settled for 1,990,000 Units with each Unit being comprised of one (1) common share and one-half (1/2) of a common share purchase warrant with each full warrant exercisable to purchase a further common share for $0.15 for one year. The securities issued will be restricted from trading until February 20, 2010.

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