CORPORATE UPDATE – NAME CHANGE AND FINAL APPROVAL OF OPTION AGREEMENT
June 13, 2007
Vancouver, B.C. – Tribune Uranium Corp. (formerly “Tribune Resources Corp.”) (the “Company”) (TSX-V: TCB ) is pleased to announce, further to its news release of May 1, 2007, the Company has received final approval from TSX Venture Exchange for its option agreement with Thunder Sword Resources Inc. (THU) and 10107351 Saskatchewan Ltd. (Sask Co.) whereby Tribune will have the right to acquire a 26% interest in certain mineral claims covering some 34,374 hectares (the “Claims”) along the southern edge of the Athabasca Basin in Northern Saskatchewan. A copy of the NI 43-101 report on can be obtained on SEDAR.
Under the terms of the option agreement the Company must expend $3 million on the properties between now and October 1, 2008, following which the Company will have earned a 26% working interest. To this end, the Company is currently working with its joint venture participants to design and implement a stage 1, 4000 meter drill program on the Botham Lake prospect. The cost of the program is estimated to be $1.5 million and will be paid for by the Company, forming part of its 2007 expenditure obligations which must be incurred by October 1, 2007; $600,000 has been expended to date.
Tribune Uranium Corp. will now focus on closing the Option Agreement announced May 9, 2007 with Strathmore Minerals Corp and the recently announced financing of $3.4 million. Both are expected to be finalized prior to the end of June. Upon closing, Tribune Uranium Corp. will be fully funded to begin advancing its two drill ready uranium exploration projects.
NAME CHANGE:
Effective June 13, 2007 the Company started trading under the new name of Tribune Uranium Corp (formerly “Tribune Resources Corp.”). There is no consolidation of capital. The trading symbol will remain the same, and the new CUSIP is 89609E107. In conjunction with our name changed, we have launched our new website www.tribuneuranium.com.
Tribune Uranium Corp. is a Canadian exploration company committed to the acquisition of advanced stage, drill ready, uranium projects. Lead by an experienced management team. The Company plans to aggressively explore its current portfolio of highly prospective uranium properties. The Company headquarters are in Vancouver, BC and shares are traded on the TSX Venture Exchange (TCB) and the Frankfurt Exchange (S8QA).
To find out more about Tribune Uranium Corp., please contact Graham Harris, Chairman and CEO, at 604-662-8183 or email investor@tribuneuranium.com. You may also visit our website at www.tribuneuranium.com
TRIBUNE URANIUM CORP.
“Graham Harris”
Graham Harris
Chairman and CEO
