Tribune Minerals Corp.

Tribune Minerals Corp.

July 05, 2011 14:28 ET

Tribune Minerals Changes Name to Stratton Resources and Updates Transactions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2011) - Tribune Minerals Corp. (TSX VENTURE:TCB) announces it has changed its name to Stratton Resources Inc. ("Stratton" or the "Company"). The Company's shares will be traded on the TSX Venture Exchange under the symbol TSX.V: SI upon completion of the previously announced reverse-takeover further described below.

Stratton Directors Shawn Wallace, Ivan Bebek and Luke Norman are also pleased to announce the appointment of Greg McCunn (P.Eng., MBA) as a Director and as President & Chief Executive Officer of the Company. Greg is a mining executive with more than 20 years experience in the mining industry. He spent the bulk of his career with Teck and Placer Dome in various operating and executive functions. He also held roles as operations manager at a nickel mine in Western Australia and VP, Project Development for Zincore Metals. For the past three years Greg was Chief Financial Officer at Farallon Mining during which time Farallon successfully built and operated the G-9 zinc mine in Guerrero, Mexico and was then sold in a $400 million transaction.

On May 19, 2011 the Company announced a reverse-takeover involving a proposed acquisition of all of the outstanding shares of privately held AZ Copper Corp. ("AZ Copper") and a proposed private placement financing. The private placement is now fully booked and the Company anticipates the completed transaction to raise $8.5 million at $1.50 per share.

The principal conditions to the AZ Copper acquisition have now been met including judicial and shareholders approvals and the acquisition is currently under TSX Venture review. Under TSX Venture rules Stratton shares will remain halted pending closing of the transaction. Completion is targeted for four to six weeks.

The Company will hold its Annual General Meeting on August 12, 2011 at which time it will seek shareholder approval to amend its corporate articles to, among other things, allow for an immediate 2:1 stock split. The Company will also propose increasing the Board to eight persons with the election of four additional Directors, including three independents.

About Stratton Resources:

Stratton Resources Inc. is a Vancouver-based exploration company focused on the discovery and development of porphyry copper/molybdenum deposits in British Columbia and Arizona. It plans to rapidly advance exploration-drilling programs on its MAC molybdenum project in Northern British Columbia and its Bear Canyon Copper porphyry project in Southern Arizona.

The above release contains forward-looking information, which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to many factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

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