Tribute Announces Closing of Final Tranche of Financing TSXV Symbol: TBM

TRIBUTE MINERALS INC.

TRIBUTE ANNOUNCES CLOSING OF FINAL TRANCHE OF FINANCING

TSXV Symbol: TBM FOR IMMEDIATE RELEASE JANUARY 11, 2010

Tribute Minerals Inc. (the “Company” or “Tribute”) (TSX-V: TBM) announces that, further to its Press Release dated January 4, 2010, it has closed the final tranche of a nonbrokered financing of $80,000 of working capital units.

Tribute placed a further 800,000 working capital units of the Company at a price of $0.10 per unit, for gross proceeds of $160,000. Each working capital unit (a “WC Unit”) consisted of one common share of the Company and one (1) share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to acquire an additional common share at $0.11 for a period of twenty-four (24) months from Closing. Securities issued pursuant to the above referenced private placement are legended and restricted from trading until May 12, 2010.

The Company raised a total of $1,240,000 in flow-through funds and $500,000 in working capital funds to fund the exploration of its South Bend Property which is part of its “Ring of Fire” property package in the James Bay Lowlands.

The Company currently has 128,950,262 common shares issued and outstanding.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tribute Minerals Inc.

Ian Brodie-Brown President and C.E.O.

(416) 368-2929 (416) 601-1450 (FAX)

[email protected] www.tributeminerals.com

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.