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Press release from Marketwire

Pinetree Capital Ltd. Acquires Securities of Prosperity Goldfields Corp.

Monday, April 11, 2011

Pinetree Capital Ltd. Acquires Securities of Prosperity Goldfields Corp.14:10 EDT Monday, April 11, 2011TORONTO, ONTARIO--(Marketwire - April 11, 2011) -Pinetree Capital Ltd. (TSX:PNP), announces that on April 6, 2011, it acquired ownership of 1,500,000 common shares (the "Common Shares") and 750,000 common share purchase warrants (the "Warrants") Prosperity Goldfields Corp. ("Prosperity Goldfields"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.45 until April 6, 2013. In the event that the Warrants are fully exercised, these holdings represent approximately 5.8% of the total issued and outstanding common shares of Prosperity Goldfields as of April 6, 2011, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at April 6, 2011, an aggregate of 5,523,760common shares of Prosperity Goldfields, including the Common Shares and rights to acquire an additional 2,750,000 common shares of Prosperity Goldfields upon exercise of certain convertible securities (the "Convertible Securities"), including the Warrants. Of these totals, Pinetree owns only the Common Shares and the Warrants directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 8,273,760 common shares of Prosperity Goldfields, or approximately 20.2% of all issued and outstanding common shares as at April 6, 2011, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Prosperity Goldfields depending on market conditions or any other relevant factor.About PinetreePinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and venture capital firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Precious Metals, Uranium and Coal, Base Metals, Oil and Gas, and Potash, Lithium and Rare Earths. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities and is recognized as a value added partner in the resource industry. For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.FOR FURTHER INFORMATION PLEASE CONTACT: Sheldon InwentashPinetree Capital Ltd.Chairman & CEO416-941-9600ORRichard PatricioInvestor Relations: Pinetree Capital Ltd.Vice President, Legal and Corporate Affairs416-941-9600ir@pinetreecapital.comwww.pinetreecapital.com