16:45 EST Monday, January 11, 2010

TORONTO, ONTARIO--(Marketwire - Jan. 11, 2010) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) announces that, further to its Press Release dated January 4, 2010, it has closed the final tranche of a non-brokered financing of $80,000 of working capital units.

Tribute placed a further 800,000 working capital units of the Company at a price of $0.10 per unit, for gross proceeds of $160,000. Each working capital unit (a "WC Unit") consisted of one common share of the Company and one (1) share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to acquire an additional common share at $0.11 for a period of twenty-four (24) months from Closing. Securities issued pursuant to the above referenced private placement are legended and restricted from trading until May 12, 2010.

The Company raised a total of $1,240,000 in flow-through funds and $500,000 in working capital funds to fund the exploration of its South Bend Property which is part of its "Ring of Fire" property package in the James Bay Lowlands.

The Company currently has 128,950,262 common shares issued and outstanding.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tribute Minerals Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@tributeminerals.com
www.tributeminerals.com