Jun. 11, 2009 (Filing Services Canada) -- Tribute Resources Inc. (TRB - TSX Venture), ("Tribute" or "the Corporation") announced today that the TSX Venture Exchange approved its Notice of Intention to make a normal course issuer bid (the "Bid") to purchase up to 3,550,900 of its issued and outstanding common shares, or approximately 5% of its 71,018,000 common shares as at June 15, 2009. The Bid will commence on June 15, 2009 and will terminate on the earlier of June 14, 2010 or the date on which the maximum number of Tribute common shares are purchased pursuant to the Bid. Purchases of Tribute common shares under the Bid will be made through the facilities of the TSX Venture Exchange by CIBC Wood Gundy at the market price at the time of purchase.
Tribute's board of directors and management believe that from time to time, the market price of its common shares may not reflect their underlying value and that the purchase of its common shares may represent an appropriate and desirable use of corporate funds. Tribute intends to fund the purchases out of available cash.
About Tribute Resources Inc.
Tribute Resources Inc. is a Canadian publicly traded energy company that was incorporated under the Business Corporation Act of the Province of Alberta on May 15, 1997. Tribute's primary focus is on adding value to shareholders by exploring for, developing and maintaining a long-term interest in market-based priced underground natural gas storage assets and renewable energy projects in the Province of Ontario. Tribute's objective is to build a company capable of delivering and sustaining long-term per share growth by developing energy projects that will generate stable long-term cash flow when fully developed. Tribute's business plan is to build upon its current asset base to identify, permit, develop, and construct projects that meet its threshold return criteria. Tribute will create value by identifying project opportunities, providing the expertise to develop the projects and maintaining an interest in the completed assets to build long-term stable utility quality cash flow from a strong and diversified energy related asset base.
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 news release.
For further information on Tribute, please visit SEDAR at www.sedar.com, visit the Tribute website at www.tributeresources.com or contact Jane Lowrie, President of Tribute at (519) 657-7624.
Source: Tribute Resources Inc. (TSX-V: TRB) http://www.tributeresources.com
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