Tribute Minerals Announces it has Closed the Acquisition of a 100% Interest in the McFaulds Lake "Ring Of Fire"

TORONTO, ONTARIO, Jul 07 (MARKET WIRE) --
Tribute Minerals Inc. (TSX VENTURE: TBM) and Goldeye Explorations Limited
(TSX VENTURE: GGY) are pleased to jointly announce that TBM and GGY have
closed the acquisition of the 50% interest of GGY in a group of 126
unpatented mining claims in the James Bay Lowlands in the area known as
the Ring of Fire (the "McFaulds Lake Property") held jointly by TBM and
GGY announced in the Press Release dated April 2, 2009. TBM issued
11,671,500 of its common shares to GGY, paid $115,000 in cash and GGY
retained a 1.0% Net Smelter Returns Royalty in the McFaulds Lake Property
(the "GGY NSR"). On closing, TBM also repaid a debt owed to GGY of
$85,000.

As part of the closing, TBM and GGY unwound the proposed transaction
announced in the Press Release date June 25, 2008 to roll the McFaulds
Lake Property into McFaulds Resources Inc. and to take that company
public.

The completion of this acquisition results in TBM holding a 100% working
interest (subject to the GGY NSR) in the McFaulds Lake Property which
consists of a total of 68,239 acres. The acquisition makes this one of
the largest land packages wholly-owned by any junior company situated in
the Ring of Fire area.

TBM's corporate strategy is to continue to acquire land in the Ring of
Fire area, in a 100% ownership model.

As a result of this transaction, Goldeye Explorations Limited holds
directly 11,671,500 common shares of TBM representing 10.82% of current
outstanding capital. Goldeye has informed TBM that it has acquired the
common shares for investment purposes and has no present intention to
either increase or decrease its holdings in TBM. Notwithstanding the
foregoing, Goldeye stated that it may decrease or increase its beneficial
ownership, control, or direction over common shares of TBM through market
transactions, private agreements, other treasury issuances or otherwise.

The Company currently has 107,855,230 common shares issued and
outstanding.

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

Goldeye Explorations Limited
Blaine Webster
President and C.E.O.
(905) 886-2538 or (905) 731-9367
(905) 886-8210 (FAX)
goldeye@goldeye.ca
www.goldeye.ca

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