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.