
September 27, 2007
Tribute Minerals Inc. has appointed Dr. Trevor Boyd, PhD, PGeo, as vice-president of exploration of the company.
Dr. Boyd earned his PhD in geology from the University of Toronto. Since 1987, he has worked for Noranda, Falconbridge, Westmin Resources and Tri Origin Exploration, and has also lectured in economic geology at York University. He is a qualified person (QP) for the purposes of National Instrument 43-101 -- standards of compliance for mineral projects of the Canadian Securities Administrators.
Dr. Boyd has worked with Tribute as a geological consultant for four years and has supervised the exploration of the Garnet property, Confederation Lake belt on which an indicated resource of about 2,071,000 tonnes at a cut-off grade of 3 per cent zinc equivalent has been estimated by Broad Oak Associates as presented in the attached table.
| Category | Tonnes | Zn (%) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
| At a 3% per cent zinc equivalent Indicated | 2,070,888 | 5.92 | 0.75 | 0.58 | 21.1 |
| (Plus an average indium value of 34.6 grams per tonne (g/t) for 19 out of 24 holes intersecting the Arrow zone.) | |||||
| Inferred | 120,552 | 2.60 | 0.56 | 0.40 | 21.5 |
| At a 5% per cent zinc equivalent Indicated | 1,762,211 | 6.75 | 0.79 | 0.61 | 22.3 |
| (Plus an average indium value of 28.7 g/t for 18 out of 23 holes intersecting the Arrow zone.) | |||||
| Inferred | 51,631 | 3.86 | 0.79 | 0.58 | 23.8 |
| At a 10% per cent zinc equivalent Indicated | 633,429 | 14.3 | 1.11 | 0.85 | 31.7 |
| (Plus an average indium value of 55.2 g/t for 10 out of 13 holes intersecting the Arrow zone.) | |||||
Resource estimations were based on three chosen cut-off grades of 10 per cent, 5 per cent and 3 per cent Zn equivalent, which is equal to the Zn (weighted average) plus 2.4 Cu (weighted average). (Cut-off grades are calculated using zinc and copper only. No indium grades have been determined for the inferred tonnage as of this date.)
Until an economic evaluation is completed, the economic cut-off for this deposit is unknown. Mineral resources that are not mineral reserves do not have demonstrated economic viability. In consultation with Broad Oak Associates and based upon current base metal prices, the company has determined that 3 per cent zinc is the minimum acceptable cut-off grade to report. Until an economic evaluation is completed, the economic cut-off for this deposit is unknown.
FOR FURTHER INFORMATION PLEASE CONTACT:
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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release.
