Tribute Minerals Inc.
TSX VENTURE : TBM

Tribute Minerals Inc.

June 25, 2009 10:09 ET

Tribute Announces Closing of Private Placement

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it has closed the next tranche of the private placement announced on June 4, 2009. The Company placed 4,700,000 Units for gross proceeds of $282,000.

Each unit (a "Unit") consisted of one (1) common share of the Company and one half (1/2) of a share purchase warrant (each a "Warrant"). Each full Warrant entitles the holder to acquire an additional common share at the price of $0.12 per share for two (2) years following Closing. The securities issued bear a legend and are restricted from trading until October 25, 2009. A cash commission of $12,000 and 200,000 Compensation Options were issued to Jones Gable & Company Limited in respect of the financing. 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 subscribed for 200,000 Units for proceeds of a $12,000. The balance of the offering will remain open until the earlier of July 20, 2009 and the completion of the total offering. Insiders may continue to subscribe for up to a total of $100,000 of Units.

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 Company currently has 96,183,730 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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