Tribute Announces Closing of Balance of Flow-Through Offering With the MineralFields Group and First Tranche of Working

TORONTO, ONTARIO, Jun 16 (MARKET WIRE) --
Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE: TBM) is
pleased to announce that further to its press releases of May 20, 2009
and May 25, 2009 it has completed the final tranche of its flow-through
share offering through the sale of 7,650,000 flow-through common shares
priced at $0.08 per share (the "FT Shares") for gross proceeds of
CDN$612,000 with the MineralFields Group. Limited Market Dealer Inc.
received a cash finder's fee of $36,720 and 612,000 share purchase
warrants to acquire common shares at a price of $0.08 per share for a
period of two (2) years from closing expiring on June 11, 2011.

"We are very pleased to be entering into this relationship with
MineralFields Group" said Ian Brodie-Brown, President and Chief Executive
Officer. "This is an important milestone in the growth of the Company and
we look forward to working with MineralFields Group as we develop our
projects."

In addition, further to its press release of June 4, 2009, the Company
has completed the first tranche of its working capital offering by
issuing 833,333 units priced at $0.06 per unit for gross proceeds of
$50,000. Each unit consists of one (1) common share and one-half of a
share purchase warrant with each full warrant entitling the holder to
acquire a further common share at a price of $0.12 per share for a period
of two (2) years. The balance of this offering remains open.

All of the securities referred to herein will bear a legend and be
restricted from trading until at least October 10, 2009.

The Company currently has 91,438,730 common shares issued and outstanding.

About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in
Toronto and Vancouver, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway
Asset Management also specializes in the manufacturing and distribution
of structured products and mutual funds (including the Pathway Multi
Series Funds Inc. corporate-class mutual fund series). Information about
MineralFields Group is available at www.mineralfields.com. First Canadian
Securities (R) is active in leading resource financings (both
flow-through and hard dollar PIPE financings) on competitive, effective
and service-friendly terms, and offers investment banking, mergers and
acquisitions, and mining industry consulting, services to resource
companies. MineralFields and Pathway have financed several hundred mining
and oil and gas exploration companies to date through First Canadian
Securities (R).

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, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.

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.

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

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