Tribute Minerals Inc.

Tribute Minerals Inc.

April 19, 2010 18:29 ET

Tribute Minerals Announces Remaining Geochemical Results From Sunday Anomaly Winter Drilling Program

TORONTO, ONTARIO--(Marketwire - April 19, 2010) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) announces the completion of the remaining geochemical analyses from its winter 2010 program on its wholly owned South Bend Property located in the "Ring of Fire" property package of the James Bay Lowlands. The holes are located 30 km east southeast of the First Nation community of Webequie and 40 kilometres west of Noront's Eagle Nest Ni-Cu-PGE Deposit. 

The results continue to be encouraging because results from drill core samples gathered and sent in for analyses from three out of the remaining five holes returned anomalous copper and silver values. The geochemical analysis were completed on rocks containing disseminated to semi-massive sulphides hosted in amphibolite rocks of mafic to ultrabasic composition, granite gneiss and granodiorite. Significant results for all the holes are summarized as follows:

Hole # Coordinates NAD83 UTM Orientation AZ & dip (deg) Interval (m) Downhole Intersect (m) Downhole Geochemical Analyses
SB-10-08 506100E
000 / -55 89.0-90.2 1.2 0.21% Cu, 2.8% g/t Ag
SB-10-09 506660E
000 / -60 207.9-209.8 1.9 1.05% Cu, 8.9 g/t Ag
SB-10-10 507500E
000 / -55 65.9-66.8 0.9 0.16% Cu, 1.2 g/t Ag
SB-10-11 506050E
180 / -65 - - No significant results
SB-10-12 506660E
000 / -70 360.1-367.4
0.12% Cu, 1.1 g/t Ag
0.10% Cu, 1.7 g/t Ag
SB-10-13 506600E
000 / -60 40.5-41.4
1.16% Cu, 10.8 g/t Ag
0.19% Cu, 2.7 g/t Ag
SB-10-14 506600E
000 / -80 155.2-156.9 1.7 0.18% Cu, 5.1 g/t Ag
SB-10-15 506660E
000 / -82 365-385
(fault zone)
20 Fault zone intersected, no significant results

Tribute wholly owns approximately 39,500 hectares of claimed ground in the Mc Faulds Camp making it one of the largest 100% exploration landholders in the region. Tribute also has a very strong working relationship with the Webequie people on whose traditional lands this work is being conducted. As per our arrangement with Webequie the camp has been closed for the spring season so the band can conduct their traditional spring goose hunt. The community has informed all companies in the 'Ring of Fire' that the hunt will continue from the 19th of April until May 1st. CRONE borehole EM surveys are planned for selected drill holes in order to identify off-hole conductive targets in the vicinity of SB-10-15 and the Z-TEM anomaly discussed in previous news releases as soon as the goose hunt is completed. 

The Sunday Anomaly lies within an interpreted major regional east-west magnetic trend that stretches for 24 kilometres which was staked by Tribute in November and December, 2009. Management believes this trend is favourable for hosting magmatic massive sulphide type mineralization similar to that found at Eagle One. With the exception of the Sunday Anomaly, this newly acquired wholly owned ground remains unexplored and is planned for coverage by airborne MEGA VTEM surveys this spring.

The drill samples sent for assay were split in half using a diamond saw, sealed in secure packages, and shipped by bonded carrier to Activation Laboratories in Geraldton, Ontario for preparation. Sample pulps were then shipped to Activation Laboratories in Thunder Bay using analytical methods of total digestion by Code IF2 ICP for multi-element scan and Code 1C Fire Assay ICP-OES for Au, Pt and Pd. Code 8 ore grade analysis was completed for samples with Cu values containing > 10,000 ppm. A duplicate unknown to the laboratory was submitted per batch of ten samples. A polymetallic standard and a blank, unknown to the laboratories, were included with each batch of 30 samples. Activation Laboratories fulfilled standard QA/QC protocols. 

The technical information in this press release was reviewed and approved by Trevor Boyd, P. Geo.,Vice President Exploration for Tribute and a qualified person (QP) for the purposes of NI 43-101.

On behalf of the Board of Directors,

Ian A. Brodie-Brown, President.

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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