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Tribute Announces Closing of Private Placement

10:10 EDT Thursday, June 25, 2009

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) is pleased to announce that it has closed the next tranche of the private placement announced on June 4, 2009. The Company placed 4,700,000 Units for gross proceeds of $282,000.

Each unit (a "Unit") consisted of one (1) common share of the Company and one half (1/2) of a share purchase warrant (each a "Warrant"). Each full Warrant entitles the holder to acquire an additional common share at the price of $0.12 per share for two (2) years following Closing. The securities issued bear a legend and are restricted from trading until October 25, 2009. A cash commission of $12,000 and 200,000 Compensation Options were issued to Jones Gable & Company Limited in respect of the financing. Each Compensation Option entitles the finder to purchase one common share of the Company at a price of $0.10 for twenty-four (24) months from Closing. Insiders of the Company subscribed for 200,000 Units for proceeds of a $12,000. The balance of the offering will remain open until the earlier of July 20, 2009 and the completion of the total offering. Insiders may continue to subscribe for up to a total of $100,000 of Units.

The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization.

The proceeds from the offering will be used for working capital.

The Company currently has 96,183,730 common shares issued and outstanding.