Tribute Minerals Inc.

Tribute Minerals Inc.

December 02, 2009 12:58 ET

Tribute Minerals Announces Borehole EM Results

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) announces the interpretative results of the Crone EM borehole surveys completed on diamond drill holes GB-09-01, 02 and 04 from its fall 2009 exploration program of the Sunday anomaly located in the "Ring of Fire" property package of the James Bay Lowlands. The holes are located within Tribute's wholly-owned South Bend Property located 30 km east southeast of the First Nation community of Webequie and 40 kilometres west of Noront's Eagle Nest Ni-Cu-PGE Deposit.

Survey results have identified two significant conductors of interest. The first conductor is identified by the VTEM anomaly, intersected by holes GB-09-01 and 02 and indicates increasing strength along strike to the west. The second conductor is partially masked by the first, but is located down-dip off-hole of GB-09-01 to the south and is at least 180 metres depth in the direction of the deeper Geotech ZTEM anomaly.

Based upon these results, plans for follow-up exploration this winter are to drill both Crone borehole conductors related to holes GB-09-01 and 02.The priority will be given to test the deep EM conductor under hole GB-09-01 and the previously identified Geotech ZTEM anomaly located further down-dip of this new borehole EM conductor.

The technical information in this press release was reviewed and approved by Trevor Boyd, P. Geo.,Vice President Exploration for Tribute and a qualified person (QP) for the purposes of NI 43-101.

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.

Contact Information