Tribute Minerals Inc.

Tribute Minerals Inc.

May 20, 2009 08:30 ET

Tribute Announces Private Placement

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it is offering a minimum of 7,000,000 flow-through shares ("FT Shares") and a maximum of 15,000,000 FT Shares at a price of CDN$0.08 per FT Share for gross proceeds of a minimum of CDN$560,000 and a maximum of CDN$1,200,000.

The proceeds from the offering will be used for exploration on Tribute's properties. The financing is anticipated to close in tranches with the minimum financing to close on or before May 22, 2009.

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

The Company currently has 75,654,397 common shares issued and outstanding.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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