Tribute Minerals Inc.
TSX VENTURE : TBM

Tribute Minerals Inc.

March 29, 2007 13:03 ET

Tribute Engages D&D Securities for Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 29, 2007) - Tribute Minerals Inc. (the "Company' or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it is offering up to 5,714,286 units ("Units") at a price of CDN$0.35 per Unit for gross proceeds of up to CDN$2,000,000 with each Unit consisting of one (1) common share and one half (1/2) of a common share purchase warrant. Each full warrant entitles the holder to acquire a further common share at a price of $0.45 for a period of eighteen (18) months from closing. The Company is also pleased to announce that it is offering up to 4,444,444 Flow Through Units ("FT Units") at a price of CDN$0.45 per FT Unit for gross proceeds of up to CDN$2,000,000 with each FT Unit consisting of one (1) flow through common share and one half (1/2) of a common share purchase warrant. Each warrant entitles the holder to acquire a further common share at a price of $0.55 for a period of eighteen (18) months from closing.

D&D Securities Company ("D&D" or the "Agent") has agreed to act as agent on a best efforts basis with respect to the private placement. Tribute will pay an 8% cash commission at closing and will issue to D&D Broker warrants equal to 8% of the number of units sold. Each Broker warrant will entitle D&D to purchase a common share in the Company at the issue price for a period of eighteen (18) months from closing.

The proceeds from the offering will be used for exploration on Tribute's properties and for working capital. The financing is anticipated to close on or about April 28th, 2007.

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

The Company currently has 56,656,910 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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