Tribute Minerals Inc.

Tribute Minerals Inc.

September 21, 2005 11:11 ET

Tribute Stakes New Claims Based on Historical Molybdenum Grades

TORONTO, ONTARIO--(CCNMatthews - Sept. 21, 2005) - Tribute Minerals Inc. (TSX VENTURE:TBM) is pleased to announce the acquisition of three claims consisting of 32 units in the Confederation Lake area, Red Lake Mining District. The claims are contiguous with Tribute's wholly owned Fredart Lake Property. A recent review of historical work completed in the area has revealed the presence of numerous Molybdenum showings of economic interest.

Based on reported historical data, occurrences of molybdenite, chalcopyrite, silver and gold have been reported throughout the property particularly to the north of the Copperlode Main Zone in the vicinity of a local granitic intrusion. The most important molybdenum occurrence was trenched for 260 feet in length in the 1960s with a best reported assay from bulk sampling of 0.56% MoS2 over 12 feet. Assays of up to 1.46% MoS2 in grab samples are reported from other occurrences in the vicinity. None of the molybdenum occurrences appear to have ever been drill tested.

The northern end of a Titan survey, recently completed by Tribute Minerals, covers an area to the west within 400 metres of the main occurrence. Re-examination of the Titan data indicates that high DCIP chargeability anomalies trend along strike in its vicinity. Molybdenum and chalcopyrite are found to be associated with pyrite and sericite along the contact of quartz veins, in diorite dykes, as disseminations within granite, and as coatings on rock joints.

The Fredart Property is best known for its Copperlode Main Zone with copper values from diamond drilling of up to 5.24% Cu over two metres and thicker intersections of up to 17.5 metres grading 2.54% Cu. The mineralization principally occurs as chalcopyrite with minor silver and trace gold. No analyses appear to have been completed for molybdenum. A "historical" resource estimate of 425,000 tons grading 1.56% Cu and 0.98 opt Ag is reported for the zone in the Ontario Geological Survey Report of Activities, 2004 Red Lake and Kenora District. The estimate is classified as a historical resource the report for which does not comply with NI 43-101 and as such should not be relied upon. The zone has not been drill tested below 700 feet. The historical estimates use categories which may not be in compliance with NI 43-101 and the historical estimates are relevant to the property interest held by Tribute but may not be reliable. Tribute has not done the work necessary to verify the classification of the resources.

For the purposes of the disclosure in this press release, Trevor Boyd, Ph.D., P.Geo., is the qualified person (QP) in accordance with NI 43-101.

The Company currently has 39,656,910 common shares issued and outstanding.

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

Contact Information