Tribute Minerals Inc.
TSX VENTURE : TBM

Tribute Minerals Inc.

April 20, 2007 11:03 ET

Tribute Announces Completion of Offering

TORONTO, ONTARIO--(CCNMatthews - April 20, 2007) - Tribute Minerals Inc. ("Tribute" or the "Company") (TSX VENTURE:TBM) wishes to announce that further to its press releases dated March 29, 2007 and April 16, 2007 it has completed a private placement for gross proceeds totalling $4,937,019. The Corporation issued 2,677,197 units ("Units") at a price of CDN$0.35 per Unit with each Unit consisting of one (1) common share and one-half of a share purchase warrant with each full warrant entitling the holder to acquire a further common share at a price of $0.45 for a period of eighteen months and 8,888,890 Flow Through Units ("FT Units") at a price of CDN$0.45 per FT Unit with each FT Unit consisting of one (1) flow-through common share and one-half of a share purchase warrant with each full warrant entitling the holder to acquire a further common share at a price of $0.55 per share for a period of eighteen months.

D&D Securities Company received a cash commission of $376,000 and broker warrants to acquire 160,005 common shares at a price of $0.35 per share and 711,111 common shares at a price of $0.45 all for a period of eighteen months.

All securities will be legended and restricted from trading until August 18, 2007.

The proceeds from the offering will be used for exploration on Tribute's properties and for working capital.

This transaction is subject to approval from the TSX Venture Exchange.

Following completion of the offering the Company has 71,560,197 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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