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TORONTO, ONTARIO--(Marketwire - Oct. 19, 2009) - Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) wishes to announce that, further to its press releases issued September 24, 2009 and October 9, 2009, it has settled $276,935.96 of debt owed to four (4) non-arm's length creditors and two (2) arm's length creditors. The non-arm's length debt (totalling $117,735.96) was settled for the issuance of 1,471,700 common shares priced at $0.08 per share and the arm's length debt (totalling $159,200) was settled for 1,990,000 Units with each Unit being comprised of one (1) common share and one-half (1/2) of a common share purchase warrant with each full warrant exercisable to purchase a further common share for $0.15 for one year. The securities issued will be restricted from trading until February 20, 2010.

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.