London, Ontario, CANADA, August 17, 2017

Tribute Resources Inc. (TSX-V:TRB) (“Tribute” or the “Company”) would like to announce that early warning reports have been filed pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues with respect to Tribute. Three reports were filed. One for each of Jane Lowrie, Jack Schoenmakers and Jamie Crich, all of whom are directors and significant shareholders of the Company.

On May 24, 2017, Jane Lowrie through Jarvis Holdings Inc. and Brookwood Resources Inc., Jack Schoenmakers through Schoevest Investment Inc. and Jamie Crich through Crich Holdings and Buildings Limited purchased Tribute convertible debentures through a private placement. Each debenture was convertible at the option of the holder into common shares of the Company at the stated conversion price of $0.05 per common share. All three of the individuals listed above elected to convert all or a portion of their convertible debentures on August 11, 2017 into common shares of the Corporation. Tribute has subsequently issued 5,240,000 common shares to these debenture holders. Jane Lowrie converted $100,000 of convertible debentures, Jack Schoenmakers converted $62,000 of convertible debentures and Jamie Crich converted $100,000 of convertible debentures. Details are as follows:

Prior to the debenture conversion, the following shareholdings existed:

Jane Lowrie controlled 9,455,210 shares of Tribute as follows: 
– 4,053,000 through her ownership interests in Clearbeach Resources Inc.; 
– 1,247,957 through her ownership in Brookwood Resources Inc.; 
– 400,000 stock options in her personal name, and 
– 4,154,253 shares held directly in her personal name.

Jack Schoenmakers controlled 8,759,216 shares of Tribute, all owned through Schoevest Investment Inc., and held 400,000 options in his personal name.

Jamie Crich controlled 16,750,853 shares of Tribute as follows: 
– 12,531,875 through his ownership in Crich Holdings and Buildings Limited; 
– 257,978 through ownership of Cridon Investments; 
– 400,000 stock options in his personal name; 
– 20,000 held personally through a broker, and 
– 3,941,000 through his ownership interests in Clearbeach Resources Inc.

Prior to the conversion of the debentures and on a diluted basis, Jane Lowrie controlled 13.07% of the issued and outstanding common shares of Tribute, Jack Schoenmakers controlled 12.14% and Jamie Crich controlled 22.74%.

Following the acquisition and conversion of the debenture, the following shareholdings existed:

Jane Lowrie controlled 11,455,210 shares of Tribute as follows: 
– 4,053,000 through her ownership interests in Clearbeach Resources Inc.; 
– 2,247,957 through her ownership in Brookwood Resources Inc.; 
– 1,000,000 through her control of Jarvis Holdings Inc. through her directorship; 
– 400,000 stock options in her personal name, and 
– 4,154,253 shares held directly in her personal name.

Jack Schoenmakers controlled 9,999,216 shares of Tribute, all owned through Schoevest Investment Inc., and held 400,000 options in his personal name.

Jamie Crich controlled 18,750,853 shares of Tribute as follows: 
– 14,531,875 through his ownership in Crich Holdings and Buildings Limited; 
– 257,978 through ownership of Cridon Investments; 
– 400,000 stock options in his personal name; 
– 20,000 held personally through a broker, and 
– 3,941,000 through his ownership interests in Clearbeach Resources Inc.

After the conversion of the debentures and on a diluted basis, Jane Lowrie controlled 10.79% of the issued and outstanding common shares of Tribute, Jack Schoenmakers controlled 9.46% and Jamie Crich controlled 17.43%.

The Tribute debentures were acquired for investment purposes and to aid the Company with their working capital deficit. These shareholders and directors may acquire additional shares of Tribute from time to time.

About Tribute Resources Inc.

Tribute is a Canadian publicly traded energy company incorporated under the Business Corporations Act of the Province of Alberta on May 15, 1997. Tribute’s primary focus is on adding value to shareholders by developing and maintaining a long-term interest in renewable energy projects and in market-based priced underground natural gas storage assets in Canada. 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 operational. 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 creates 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. For more information please visit www.Tribute resources.com.

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 or a copy of the reports contact:

Jennifer Nisker
CFO, Tribute Resources Inc.
309 Commissioners Road West, Unit D
London, Ontario N6J 1Y4
(519) 657-7624

Forward-Looking Information and Statements

This document contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “feels”, “may”, “will”, “would”, “believe”, “plans”, “intends”, “possible”, “future” and similar expressions are intended to identify forward-looking information or statements. This forward-looking information and the related statements are based upon factors, expectations and assumptions reflected in the forwardlooking statements that are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct.

The forward-looking information and statements contained in this news release are based upon several material factors, expectations and assumptions of Tribute including, without limitation: that Tribute will continue to conduct its operations in a manner consistent with past operations; the general continuance of current or, where applicable, assumed industry conditions; availability of sources to fund Tribute’s capital and operating requirements as needed; and certain commodity price and other cost assumptions.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information and statements including, without limitation: general economic, market and business conditions; the impact of specific oil & gas and renewable electricity industry conditions; volatility in market prices for crude oil, natural gas and other renewable forms of energy; availability of financing and capital; the ability of Tribute’s customers to pay in a timely manner; changes in commodity prices; imprecision of reserve estimates; unanticipated operating results; environmental risks; electricity grid conditions; delays or changes in plans with respect to development projects or capital expenditures; changes in tax or environmental laws or royalty rates; limited, unfavourable or no access to debt or equity capital markets; increased costs and expenses; the impact of competitors; reliance on industry partners; circumstances may arise, including changes in accounting policies, regulations or economic conditions, which could change the assumptions, estimates or expectations or the information provided; shareholder value may not be maximized by Tribute or at all; there may be circumstances where, for unforeseen reasons, a reallocation of funds may be necessary as may be determined at the discretion of Tribute and there can be no assurance as at the date of this disclosure as to how those funds may be reallocated; should any one of a number of issues arise, Tribute may find it necessary to alter its current business strategy and/or capital expenditure program; fluctuations in interest rates; demand for Tribute’s product and services; adverse conditions in the debt and equity markets; and government actions including changes in environment and other regulation; and certain other risks detailed from time to time in Tribute’s public disclosure documents including, without limitation, those risks identified in this document.

The forward-looking information and statements contained in this document speak only as of the date of this document, and Tribute does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.