Tribute's Exploration Update

TORONTO, ONTARIO, Jul 31 (MARKET WIRE) --
Tribute Minerals Inc. (TSX VENTURE: TBM) presents an update of the
remaining assays from Holes GL-2007-64, GL-2008-65, 67 and 72 on its
Garnet Lake property in the Confederation Lake Belt, Red Lake Mining
District, Northwestern Ontario. The first three holes are definition
drill holes that were completed to recover mineralized material from the
Arrow Zone for bench testing presently being completed by SGS Lakefield
Ontario.

Hole GL-2008-72 tested the far western extension of the favourable
mineralized trend of the Arrow Zone located on the north-western side of
Garnet Lake. Drilling intersected in the hole multiple zones of iron and
base metal sulphides hosted within 230 metres of hydrothermally altered
volcanic rocks suggesting the favourable trend is widening to the west
and at depth.

Analytical results are summarized below. True widths of the zones are
0.76 to 0.9 of these intersections.

DDH section (m) width (m) Zn(wt%) Cu(wt%) Au(ppm) Ag(ppm) In(ppm)
--------------------------------------------------------------------------
GL-2007-64 430.8-435.7 4.8 0.75 1.24 0.87 9.6 24.0
GL-2008-65 474.4-478.6 4.2 1.32 0.20 0.10 3.51 13.9
488.4-490.8 2.4 7.47 0.63 0.50 26.0 35.2
GL-2008-67 501.8-505.2 4.1 10.2 1.07 0.68 31.4 89.1
GL-2008-72 500.6-502.0 1.4 4.49 0.34 0.20 22.7 2.5
603.4-607.0 3.6 0.93 0.18 0.07 8.0 3.3
615.7-618.0 2.3 1.01 0.02 0.01 9.3 3.7
624.0-625.8 1.8 1.10 0.03 0.02 1.4 0.1
693.0-694.8 1.8 1.00 0.03 0.35 6.5 3.1
704.3-705.8 1.5 3.62 0.16 0.95 17.2 24.5

Base line environmental, static geochemical and geotechnical reports
received from field studies completed by Golder Associates on the
property are undergoing review and compilation. Metallurgical bench
testing on HQ core from mineralized intersections for holes GL-2007-64
and GL-2008-67 is continuing.

The drill core samples sent for assay were split in half using a diamond
saw and sealed in secure packages, shipped by bonded carrier from Ear
Falls to ALS Chemex in Thunder Bay for preparation, and to ALS Chemex in
North Vancouver for AU-AA62 assay (gold by fire assay with AA finish) and
ME-MS61 47 element analysis (4 acid dissolution and ICP-MS). High
analyses (greater than 10,000 ppm) for copper, zinc and (greater than 100
ppm) silver were submitted for ore grade AA62 analysis (4 acid
dissolution with AA finish). ALS Chemex fulfilled standard QA/QC
protocols.

Some samples have been sent to Activation Laboratories in Thunder Bay for
preparation, and to Activation Laboratories in Ancaster for 1A2 AU assay
(gold by fire assay with AA finish) and UT-4 multi element analyses
(total digestion and ICP-MS). High analyses (greater than 10,000 ppm) for
copper, zinc and (greater than 100 ppm) for silver were submitted for ore
grade analysis. Activation Laboratories fulfilled standard QA/QC
protocols. A duplicate unknown to the laboratory is submitted per batch
of ten samples. A polymetallic standard, unknown to the laboratories, is
included with each submission of samples. As a precaution, samples have
been sent to a third laboratory for check analyses.

The technical information in this press release was reviewed and approved
by Trevor Boyd, P. Geo., a qualified person (QP) for the purposes of NI
43-101.

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

Copyright 2008, Market Wire, All rights reserved.

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