Tribute Minerals Inc.

Tribute Minerals Inc.

February 27, 2008 08:00 ET

Goldeye Explorations & Tribute Minerals Initiate an Airborne Geophysical Survey in the James Bay Lowlands 'Ring of Fire'

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2008) - The Tribute Minerals Inc. ("Tribute") (TSX VENTURE:TBM) and Goldeye Explorations Ltd. ("Goldeye") Joint Venture announce the commencement of an airborne electromagnetic ("VTEM") survey of their properties in the James Bay Lowlands 'Ring of Fire' region, where Noront Resources Ltd. has made two significant nickel, copper, gold and platinum group mineral discoveries.

Tribute and Goldeye are also pleased to announce that they have contracted an airborne VTEM survey on their land package in the Southwestern 'Ring of Fire' area. The survey will encompass approximately 1,860 line kilometers and will cover all the Joint Venture's claim blocks, including an area with a significant structure exhibiting a 90 degree flexure on the western end of the "Ring of Fire". Magnetic anomalies similar to that associated with the Double Eagle Ni/Cu/PGM discovery have been defined as priority targets within this flexure.

Airborne data for the Joint Venture claims located on the eastern side of Macdonald Mines McNugget property and west-southwest of the Noront discoveries have been completed. Interpretation is underway.

The Joint Venture's land holding now totals 600 claim units in six blocks covering 24,000 hectares. The properties are located in the vicinity of, or are contiguous with, the original McNugget property of MacDonald Mines Exploration Limited.

Blaine R. Webster, P. Geo., President and CEO of Goldeye, and William S. Hamilton, P. Geo., geological consultant, are the qualified persons as defined by National Instrument 43-101, who supervised the preparation of the technical information contained in this release.

For further information please contact Goldeye at 905-886-2538 or Tribute Minerals at 416-368-2929.

The Company currently has 75,654,39 common shares issued and outstanding.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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