Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE: TBM) wishes to announce that, further to its press release issued October 9, 2009, it has settled $207,000 of debt owed to one (1) arm's length creditor for 2,300,000 Units with each Unit being comprised of one (1) common share and one-half (1/2) of a common share purchase warrant with each full warrant exercisable to purchase a further common share for $0.15 for one year. The securities issued will be restricted from trading until March 4, 2010.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.