TRIBUTE MINERALS AND GOLDEYE EXPLORATIONS

RECEIVE POSITIVE ANALYSIS OF AIRBORNE

DATA AND ACQUIRE FURTHER GROUND IN THE

�RING OF FIRE�

                                                                                                        TSXV Symbol: TBM

For Immediate Release                                                    

MAY 1, 2008

Tribute Minerals Inc. (TSX-X: TBM) and Goldeye Explorations Limited (TSX-V: GGY) are pleased to jointly announce that they have received the interpretation of the VTEM airborne geophysical data and that positive targets have been outlined.  The companies are also pleased to report that further ground has been staked in the region.  

Upon reviewing the EM conductors, the interpretation shows two very good magmatic sulphide targets and two excellent volcanogenic massive sulphide targets. The data also identified several other conductors which exhibit geophysical characteristics that require follow-up with more detailed ground geophysics. 

Some of the new claim blocks have been staked adjacent to land held by Noront and KWG/Spider.  Total land holdings in the James Bay lowlands, McFaulds Lake, �Ring of Fire� now total 17,792 hectares. 

The Joint Venture is selecting the top priority targets for ground geophysical surveying in order to prepare these projects for drilling.  Further claims may be staked in the �Ring of Fire� based on the continued interpretation of geophysics and ongoing data acquisition. 

Blaine R. Webster, President and CEO of Goldeye, and William S. Hamilton, P. Geo., geological consultant, are the qualified persons as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this RELEASE.