Tribute Minerals Inc.

Tribute Minerals Inc.

January 11, 2005 12:08 ET

Tribute Minerals Intersects High Grade Polymetallic Mineralization, Extends Arrow Zone and Recommences Drilling on the Garnet Lake Zone


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRIBUTE MINERALS INC.

TSX VENTURE SYMBOL: TBM

JANUARY 11, 2005 - 12:08 ET

Tribute Minerals Intersects High Grade Polymetallic
Mineralization, Extends Arrow Zone and Recommences
Drilling on the Garnet Lake Zone

TORONTO, ONTARIO--(CCNMatthews - Jan. 11, 2005) - Tribute Minerals Inc.
(TSX VENTURE:TBM) is pleased to report the results of the first two
holes (GL-2004-08 and GL-2004-09, 658 metres) of its 3000 metre diamond
drilling program on the Garnet Lake Property in the Confederation Lake
Belt, Red Lake Mining Division, Ontario. These holes were targeted based
on previous drilling and both down-hole and surface geophysics. The
drill program recommences immediately.

The first hole (GL-2004-08) encountered the Arrow Zone approximately 50
metres up-dip and 40 metres along strike to the east from the previous
hole GL-97-12 (6.9 metres at 2.63% Zn, 1.14% Cu, 0.75 g/t Au and 10.43
g/t Ag). GL-2004-08 intersected from 307.1 - 335.2 metres a zone of
mixed stringer, semi-massive and massive sulphides hosted in altered
felsic and cherty tuffs. Within this zone a 10.2 metre section assayed
8.50% Zn, 0.95% Cu, 1.00 g/t Au and 24.89 g/t Ag including a 5.8 metre
section which assayed 13.89% Zn, 1.11% Cu, 1.13 g/t and Au 37.4 g/t Ag.
The results are comparable to the highest grades achieved to date in the
Arrow Zone from previous holes GL-97-2C (19.1% Zn, 2.2% Cu, 1.6 g/t Au
and 35.1 g/t Ag over 6.3 metres) and GL-2004-04 (17.41% Zn, 0.68% Cu,
0.32 g/t Au and 28.00 g/t Ag over 4.25 metres).

The second hole (GL-2004-09) cut the Arrow Zone approximately 110 metres
up-dip from GL-97-12 and intersected from 256.5 - 272 metres a zone of
stringer and semi-massive sulphides. Reported analyses to date are 8.5
metres of 4.10% Zn, 0.42% Cu, 0.34 g/t Au, and 11.85 g/t Ag including
4.0 metres of 5.77 Zn, 0.25% Cu, 0.16% Au, and 16.61 g/t Ag.

The results are encouraging as they increase the size of the high grade
Arrow Zone along strike to the east and in the up-dip directions. The
previous drilling program during the summer (September 1, 2004 News
Release) combined with follow up geophysics, had shown the potential for
the discovery of economic mineralization to the west and at depth. Based
on the results of these two programs the Arrow Zone remains open in
three directions. The recommenced program intends to test targets on the
property both along strike and at depth.

All core samples are sealed in secured packages and shipped by bonded
courier to ALS Chemex. Standard protocols were fulfilled by ALS Chemex.
Tribute will submit crushed reject and pulp samples of high grade
results to a second commercial laboratory for assay and analytical
checks.

This program is under the direction of consulting geologist Trevor Boyde
Ph.D, P.Geo, and qualified person (QP) for the purposes of NI 43-101.

On behalf of the Board of Directors,

Ian A. Brodie-Brown, President.

The Company currently has 39,656,910 common shares issued and
outstanding.

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Contact Information

  • 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
    The TSX Venture Exchange has neither approved nor disapproved of the
    contents of this release.