Tribute Minerals Inc.

Tribute Minerals Inc.

December 12, 2006 10:59 ET

Tribute Announces Garnet Lake, Arrow Zone Update

TORONTO, ONTARIO--(CCNMatthews - Dec. 12, 2006) - Tribute Minerals Inc. (the 'Company' or 'Tribute')(TSX VENTURE:TBM) is pleased to announce the return of preliminary analyses of samples from two drill holes. Hole GL-2006-35 was drilled to intercept the Arrow Zone at its western end 100 metres down dip and 30 metres west of previous drill hole GL-2006-34, and GL-2006-37 was drilled to test the extension of the Arrow Zone 50 metres directly up-dip from previous drill hole GL-2004-08 towards the eastern part of the mineralized body.

GL-2006-35 intersected three iron and base metal mineralized zones over a down-hole width of 38.5 metres including a 2.3 metre section (true width) of massive and semi-massive sulphide from 622.0 to 624.5 metres down hole grading 5.28% Zn, 0.7% Cu, 0.29 g/t Au, 20.3 g/t Ag and 30.0 g/t In. The section includes a 0.5 metre sample of high-grade Zn mineralization of 23.8% Zn, 0.22% Cu and 0.53% Pb, and three samples returning greater than 30 g/t Ag which require further analysis. The result extends the Arrow Zone a further 70 metres down plunge to the west from pierce points of the zone from previous holes GL-2006-21 and GL-2006-24.

GL-2006-37 intersected a down-hole 28 metre wide mineralized zone of highly chloritized rock containing disseminated, stringer and net textured iron and base metal sulphides including two sections which returned values of 2.15% Zn, 0.38% Cu, 0.42 g/t Au and 8.19 g/t Ag over 7 metres (5.25 metres true width) from 278 to 285 metres down-hole, and 1.25% Zn, 0.67% Cu, 0.81 g/t Au and 6.1 g/t Ag over 11 metres (8.25 metres true width) from 291 to 302 metres down-hole. Indium values and re-analyses are still pending for these samples.

Due to long turn around for analytical results because of the extremely high volumes, samples are being spread around three analytical laboratories in order to reduce wait times. The result is that analytical results are still pending for hole GL-2006-36 drilled 160 metres directly down-dip from GL-2006-34. In addition, results are also pending for two holes testing the eastern part of the Arrow Zone drilled directly up-dip and west of previous holes GL-2006-28 and GL-2004-09, respectively.

The final integrated results of the borehole geophysical survey of seven holes in the vicinity of the western portion of the Arrow Zone have been interpreted and modelled. The results suggest the conductor associated with the Arrow Zone continues to the west for at least another 200 metres. The survey also identified the presence of a second parallel trending conductor 250 metres up-dip and further to the west. It is uncertain at this stage if this represents an up-dip faulted shift of the Arrow Zone or the presence of a second discrete mineralized horizon. Drilling has now paused for the holiday season. However, these and other first priority targets focussing on following the Arrow Zone to the west are planned for drill testing to be re-commenced in January from new set-ups being built on the north side of Garnet Lake.

Core samples were split in half using a diamond saw and sealed in secure packages, shipped by bonded carrier from Red Lake to ALS Chemex in Thunder Bay for preparation, and to ALS Chemex in North Vancouver for AU-AA62 assay (gold by fire assay with AA finish) and ME-MS61 47 element analysis (4 acid dissolution and ICP-MS). High analyses (greater than 10,000 ppm, 1%) for copper, zinc and (greater than 100 ppm) silver were submitted for ore grade AA62 analysis (4 acid dissolution with AA finish). Samples were also sent to S.G.S. Laboratories in Red Lake and Toronto for FAA303 assay (gold by fire assay with AA finish) and ICM40B multi-element analysis (ICP-AES and ICP-MS after multi-acid dissolution), respectively. High analyses (greater than 10,000 ppm, 1%) for copper, zinc and (greater than 30 ppm) silver were submitted for ore grade AA analysis. Some samples were sent directly to the S.G.S. Lakefield Research Laboratory for ore grade Cu, Zn and Ag analyses. A duplicate unknown to the laboratory is submitted per batch of ten samples. A polymetallic standard, unknown to the laboratories, is included with each submission of samples. ALS Chemex and S.G.S. fulfilled standard QA/QC protocols. The Confederation Lake exploration program is under the direction of Trevor Boyd, P.Geo, Geological Consultant, Tribute, and a qualified person (QP) for the purposes of NI 43-101.

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