http://www.reuters.com/article/press...

Tribute Minerals and Goldeye Explorations Form McFaulds Resources Inc. for Exploration in the 'Ring and Fire'

  TORONTO, ONTARIO, Jun 25 (MARKET WIRE) -- 
Tribute Minerals Inc. (TSX VENTURE: TBM) and Goldeye Explorations Limited
(TSX VENTURE: GGY) are pleased to jointly announce that they have rolled
their respective interests in their land holdings in the James Bay
Lowlands, McFaulds Lake area 'Ring of Fire' (the "Property") into a new
company known as "McFaulds Resources Inc." ("MFR") Each of Tribute and
Goldeye retained a 1% NSR in the Property and each hold 14,000,000 common
shares of MFR. The directors of MFR will be Ian Brodie-Brown, William R.
Johnstone, Richard Dean, John Harvery, Richard Nemis and Blaine Webster,
who will be Chairman of the board of directors. The officers will be Ian
Brodie-Brown, President and CEO, Errol Farr, CFO, Trevor Boyd, VP
Exploration, and William R. Johnstone, Corporate Secretary.

    MFR will be seeking financing by way of an equity private placement of
between $6,000,000 and $12,000,000 for further exploration of the
Property. It is intended that MFR will file a prospectus to take MFR
public as soon as a National Instrument 43-101 technical report is
completed, to, among other things, qualify the distribution of 8,000,000
common shares of MFR to the shareholders of Tribute (from its 14,000,000
shares of MFR) and 8,000,000 common shares of MFR to the shareholders of
Goldeye (from its 14,000,000 shares of MFR) by way of a dividend in
specie.

    MFR will hold 17,792 hectares in the James Bay Lowlands, McFaulds Lake,
'Ring of Fire', with additional staking currently in progress. Helicopter
airborne electromagnetic surveys (VTEM), flown on one half of the land
package have identified numerous Cu/Ni and Cu/Zn targets.

    Blaine R. Webster, P. Geo., President and CEO of Goldeye, is the
qualified person as defined by National Instrument 43-101 who supervised
the preparation of the technical information contained in this release.

    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. Shareholders are cautioned not to put undue
reliance on such forward-looking statements.


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

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

Goldeye Explorations Limited
Blaine Webster
President and C.E.O.
(905) 886-2538
(905) 886-8210 (FAX)
Email: goldeye@goldeye.ca
Website: www.goldeye.ca

Copyright 2008, Market Wire, All rights reserved.