Tribute Minerals Inc.
TSX VENTURE : TBM

Tribute Minerals Inc.

July 09, 2007 10:52 ET

Tribute Intersects 4.05 Metres (True Width) 11.5% Zinc, 1.48% Copper, 1.32 g/t Gold, 43.3 g/t Silver and 48.3 g/t Indium

TORONTO, ONTARIO--(Marketwire - July 9, 2007) - Tribute Minerals Inc. (TSX VENTURE:TBM) (the 'Company' or 'Tribute') is pleased to announce continuing drilling results on its Confederation Lake Belt, Garnet Lake property located in Northwestern Ontario.

Analyses have been completed for holes GL-2007-48 and GL-2007-49 on the Garnet Lake Property. Hole GL-2006-49 intersected a section of massive, semi-massive and stringer base metal sulphides with an overall grade of 6.41% Zn, 0.99% Cu, 0.80 g/t Au, 27.1 g/t Silver and 27.0 g/t Indium over 12.9 metres (10.6 metres true width) from 475.4 - 488.3 metres down-hole, including a high grade section of 4.9 metres (4.05 metres true width) grading 11.5% Zn, 1.48% Cu, 1.32 g/t Au, 43.3 g/t Ag and 48.3 g/t Indium. The hole tested the Arrow Zone 40 metres down-dip from the original discovery holes GL-97-2C and GL-97-04. This intercept extends the centre of the Arrow Zone down-dip as it is located approximately 40 metres west and along strike of previous Hole GL-97-05 that had interested no significant sulphides and was originally thought to locally cut off the Arrow Zone at depth. As a result of this intersection, Hole GL-2007-50, for which analyses are pending, has been drilled to test the Arrow Zone 60 metres down-dip of GL-2007-49.

Hole GL-2007-48, which was drilled to test the Arrow Zone west of previous Hole GL-97-12 in the central part of the Arrow Zone, intersected mixed stringer and massive iron and base metal sulphides. Analyses returned values of 2.61% Zn, 0.42% Cu, 15.3 g/t Ag, 0.70 g/t Au and 24.6 g/t Indium over 3.5 metres (2.9 metres true width) from 391.0 - 394.5 metres down-hole. Drilling continues on the property.

Core samples were split in half using a diamond saw and sealed in secure packages, shipped by bonded carrier from Ear Falls 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). 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 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.

Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Tribute undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information