Tribune Uranium Corp.

Tribune Uranium Corp.

February 28, 2008 09:00 ET

Tribune Uranium Starts Reed Lake Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Tribune Uranium Corp. (TSX VENTURE:TCB)(FRANKFURT:S8QA) ("Tribune") (the "Company" ) reports it has started the 2008 exploration and drill program on its 100-per-cent owned Quartz Claims, in the Reed Lake area of Manitoba. The Quartz Claims are located in an area of active exploration including the recent VMS Ventures Inc. discovery hole of 11.19% copper over 10.5 meters.

Tribune has contracted to complete a minimum of 3000 meters of core drilling during the first phase of this program. The intent of the program is to verify historical drilling and to test previously un-drilled EM conductor bodies within the Quartz Claims. At present, drilling is continuing on hole DDH-2008-01 at a depth of 150 meters.

The Quartz Claims are located southwest of Snow Lake Manitoba and cover a 4,800 foot long electromagnetic conductor which is interpreted to lie in a fold axis. Previous drilling in the 1980's by Hudbay Minerals intersected significant gold mineralization and alteration mineralization commonly associated with volcanogenic massive sulphides. Highlights from historical drilling along the eastern end of the conductor included 0.64 oz/t Au over 4.2 feet and 0.43 oz/t Au over 4.5 feet. Drilling at the east end of the EM conductor indicated at least 2 parallel gold bearing veins with gold values intersected along 700 feet of strike length and 600 feet of dip extent. The western end of the conductor contains two EM conductor bodies which have not been previously drilled. Management believes that these two conductor bodies have the potential to host significant gold mineralization. Drilling will concentrate in this area as well as along strike.

"Tribune is excited to begin it's 2008 exploration program on the Quartz Claims located in the Reed Lake Area of Manitoba. Management believes that the EM conductor bodies found on the Quartz Claims, have the potential to host significant gold mineralization," states Graham Harris, Chief Executive Officer and Chairman of Tribune Uranium Corp.

Mr. Edward Kruchkowski, P. Geo. is in charge of the exploration program on behalf of the Company, and has reviewed the contents of this news release as the qualified person under National Instrument 43-101.

The Company has also granted 570,000 stock options to certain directors, officers and consultants of the Company. The options are exercisable for a term of five years at an exercise price of $0.43.

Subject to approval from the TSX Venture Exchange, the Company is amending the exercise price on the following stock options issued to certain directors, consultants and officers of the Company:

Issue Date Quantity Exercise Price Expiry Date
Apr 2, 2007 250,000 $1.15 April 2, 2012
May 23, 2007 50,000 $1.55 May 23, 2012
July 13, 2007 300,000 $1.10 July 13, 2012
Aug 17, 2007 180,000 $0.80 August 17, 2012

The new exercise price will be $0.43; all other terms of the amended stock options remain unchanged.

Tribune Uranium Corp. is a Canadian exploration company committed to the strategic acquisition of drill ready projects. Led by an experienced management team, the Company plans to aggressively explore its current portfolio of highly prospective properties. The Company headquarters are in Vancouver, BC and shares are traded on the TSX Venture Exchange (TCB) and the Frankfurt Exchange (S8QA).


Graham Harris, Chairman and CEO

Forward-looking statements:

"This news release may contain forward -looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

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

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