Tribute Resources Inc. announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company recorded a loss of $1,908,757 for the year ended December 31, 2016 compared to a loss of $3,576,195 for the year ended December 31, 2015 which includes a provision for decline in the value of assets for 2016 in the amount of $600,609. The company had working capital of $1,542,124 as at December 31, 2016 compared to working capital of $280,778 for December 31, 2015. Cash flow from operations for 2016 showed a loss of $1,096,161 compared to a loss of $1,184,474 in 2015. Net cash flow for the year ended December 31, 2016 decreased by $123,804 compared to a net cash increase of $64,725. Capital expenditures totaled $1,107,416 in 2016 compared to expenditures of $1,108,716 during 2015. Included in this amount for the period ended December 31, 2016 is $276,850 for energy projects under development, $nil for exploration and evaluation assets, and ($1,300) for property and equipment. For the year ended December 31, 2015 capital expenditures were as follows: $281,545 for energy projects under development, $52,171 for property and equipment and $nil for exploration and evaluation assets.