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Message: NEWS RELEASE - EXPLORATION UPDATE[MARKET NEWS]

NEWS RELEASE - EXPLORATION UPDATE[MARKET NEWS]

posted on Apr 09, 2008 12:46PM

Source MARKET NEWS

Date 04/08/2008

Time 04:43:06 AM

Company Tribute Minerals Inc.

Title Exploration Update

CDNX Symbol: TBM

Press Release

Exploration Update --->@NEWS RELEASE

TRIBUTE MINERALS INC ("TBM-V")

- Exploration Update

Tribute Minerals Inc. wishes to report on the assays returned from its

winter drill program on the Copperlode and Garnet Lake properties in the

Confederation Lake Belt, Red Lake Mining District, Northwestern Ontario.

Copperlode

On the Copperlode Property analyses of samples from holes CL-2007-4,

CL-2008-5, 6, 7 and 8 have been returned. Best results are summarized

below.

//st

DDH Intersection (m) Width (m) Zn(wt%) Cu(wt%) Ag(ppm)

CL-2007-4 488.7-492.1 3.4 1.92 0.11 3.7

406.9-413.7 6.8 2.30 0.04 4.7

CL-2008-6 399.7-400.6 0.9 6.26 0.03 5.7

405.6-409.2 3.6 5.61 0.01 3.8

415.5-420.1 4.6 2.28 0.05 14.9

CL-2008-8 173.5-177.1 3.6 2.42 0.02 2.4

448.9-450.6 1.7 9.60 0.10 5.0

462.0-465.5 3.5 2.44 0.09 5.9

//et

Drilling has paused for spring break-up and will resume during summer

on the Copperlode Property.

Garnet Lake Property:

Analyses of samples from holes GL-2007-60, 61, 62, GL-2008-63. 66, 68,

69, 70, and 71 have been returned. Analyses for GL-2007-64, GL-2008-65, 67

and 72 remain pending. Best results are summarized below.

//st

DDH Intersection (m) Width (m) Zn(wt%) Cu(wt%) Ag(ppm)

GL-2007-61 421.3-425.3 4.0 2.45 0.05 3.3

GL-2008-63 612.8-618.6 5.8 0.60 0.31 33.8

643.3-644.2 0.9 2.73 0.10 4.1

650.0-654.9 4.9 1.01 0.21 7.7

669.2-671.2 2.0 1.20 0.04 8.0

GL-2008-68 261.3-270.0 8.7 0.95 0.34 13.7

GL-2008-70 445.6-447.1 1.5 1.72 0.22 16.4

//et

On the Garnet Lake Property, drilling has also paused for spring

break-up and is expected to not resume until next winter due to the

marshland ground conditions in areas of the proposed follow-up set ups.

Environmental and Geochemical Reports remain pending from baseline

field studies completed by Golder Associates on the property during the

summer and fall of 2007. Results of metallurgical bench testing on HQ core

from mineralized intersections for holes GL-2007-64 and GL-2008-67 also

remain pending.

On the Snake Falls Property, located at the western end of the

Confederation Property package, preliminary results of the Titan-24 MT and

Deep IP surveys have been received and targets are being chosen for drill

testing this summer.

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 Confederation Lake exploration program is under the direction of

Trevor Boyd, P.Geo, Vice- President, Exploration, Tribute Minerals. 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.

Capitalization Report for Tribute Minerals Inc

Shares Issued: 75654397

Shares Escrow: 2253258

TSX Venture closing price for Tribute Minerals

Date: 2008/04/07

Closing Price: 0.125

TEL: (416) 368-2929 Tribute Minerals Inc.

FAX: (416) 601-1450 Ian Brodie-Brown, President and C.E.O.

Email: [email protected]

Website: www.tributeminerals.com

______________________________

___________________________________________________________________

(c) Market News Publishing Inc. Tel:(604) 689-1101

All rights reserved. Fax:(604) 689-1106

080408EC+3+000461

 

 

 

 

 

 

 

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