Tribune Uranium Corp.

Tribune Uranium Corp.

September 05, 2007 09:00 ET

Tribune Signs Final Agreement for Large Epithermal System in El Salvador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - Tribune Uranium Corp. (the "Company") (TSX VENTURE:TCB)(FRANKFURT:S8QA) is pleased announce that further to its news release of February 26, 2007, the Company has signed a Purchase Agreement ("Agreement") with Aura Silver Resources Inc. ("Aura Silver") to purchase the outstanding shares of Aura Silver's wholly owned Salvadoran subsidiary.

The assets in the subsidiary comprise a total of 100 square kilometers of contiguous exploration licenses and host a large low sulphidation epithermal gold/silver system. Early exploration efforts by Aura Silver have delineated numerous veins over some 12 square kilometers with anomalous gold values ranging from trace amounts up to 52.2 g/t Au. The property is strategically located with the El Salvador Gold Corridor which forms part of the much larger Central American Gold Belt that hosts several large gold/silver deposits including Crucitas in Costa Rica, El Dorado in El Salvador and Marlin in Guatemala. This emerging gold belt is under-explored.

The Agreement provides that Tribune will have one year in which to determine whether it wishes to continue with the project. If it does opt to continue, during that year it will spend US$150,000 with respect to the exploration licenses, funds Tribune intends to spend. In addition, if Tribune determines to continue with the project it will issue 800,000 shares of Tribune over a period of three years. Aura Silver will retain a 1% NSR royalty that Tribune can buy down for US$3,000,000.

The claims described above are part of a 50/50 Joint Venture agreement with Intrepid Minerals Corporation. The Joint Venture controls exploration rights to 149.45 square kilometers in this area. Tribune plans to finalize and resolve environmental permitting and social issues and continue with a thorough exploration program upholding the highest environmental norms and social/cultural awareness standards.

Graham Harris, CEO reports, "Tribune looks forward to the opportunity to participate in the exploration of this emerging and under-explored mineral belt."

Tribune is a junior exploration company with projects in North America and El Salvador. The company has a mandate to uphold the highest environmental and social standards and to work with local communities to ensure that these norms are to the benefit of both parties. Led by an experienced management team, the Company plans to aggressively explore its current portfolio of highly prospective uranium and precious metal properties.

Robert Schafer, P. Geol. is the Qualified Person as defined by NI 43-101 who has reviewed the contents of this news release.


Graham Harris, Chairman and CEO

Forward-looking statements:

Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Tribune Uranium Corp believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Tribune Uranium Corp's management on the date the statements are made. Tribune Uranium Corp undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

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