ASM Avino Silver And Gold Mines Ltd (delisted)

Tribute Minerals Inc. (the "Company" or "Tribute") (TSX VENTURE:TBM) wishes to
announce that its Annual and Special Meeting of Shareholders ("ASM") scheduled
for Thursday, November 18, 2010 has been rescheduled to Tuesday, November 23,
2010. At the ASM, the Company will be seeking shareholder approval to, among
other things, consolidate the outstanding capital of the Company on the basis of
one (1) post-consolidation common share for up to every five (5) outstanding
common shares (the "Consolidation"). There are currently 130,844,137 common
shares outstanding. Following the Consolidation as proposed (5:1), there will be
26,168,827 post- consolidation common shares outstanding. The Company wishes to
undertake the Consolidation to provide additional flexibility in seeking
financing given the pricing rules on the TSX Venture Exchange ("TSXV") and the
current trading price of the Company. As part of the Consolidation, the Company
will be seeking shareholder approval to change the name of the Company to
"AurCrest Gold Inc." or to such other name as may be acceptable. The
Consolidation and the change of name are subject to approval by the shareholders
of the Company representing at least two-thirds of the shares voted at the ASM
and acceptance by the TSXV. The Company will also be seeking disinterested
shareholder approval to settle certain insider debts, the particulars of which
will be provided shortly.


Following the ASM, the Company intends to focus on its Richardson Lake gold
property. The Company has held the Richardson Lake property since it originally
went public and had optioned the property to another resource company that
returned the property back to the Company. With the current price of gold and
the prospects for Richardson Lake, it is the view of Management of the Company
that focusing on this significant gold asset is in the best interest of all
shareholders. The Company has a 35% joint venture interest in the Bridget Lake
property with Halo Resources. The Company intends to roll its base metal assets,
including the Confederation Lake properties and its properties in the James Bay
Lowlands, McFaulds Lake area "Ring of Fire", into its subsidiary company,
McFaulds Resources Inc. ("MFR"), with a view to seeking financing and/or joint
venture opportunities separately through MFR in respect of its base metal
assets. If the Company is able to properly fund MFR, it may file a prospectus to
take MFR public and distribute the share interest held by the Company in MFR to
the shareholders of the Company pro rata as a dividend in specie.


The Information Circular disclosing the matters to be approved at the upcoming
ASM will be mailed to shareholders shortly and filed on SEDAR.


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.

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