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Press release from Marketwire

Pinetree Capital Announces Share Issuances

Tuesday, January 29, 2013

Pinetree Capital Announces Share Issuances13:45 EST Tuesday, January 29, 2013TORONTO, CANADA--(Marketwire - Jan. 29, 2013) -Pinetree Capital Ltd. (TSX:PNP) announces that it has issued an aggregate of 7,372,097 common shares as consideration for acquisitions of $6.4 million of securities of various public companies which were completed in January. The shares were issued at effective prices of between $0.85 and $0.90 a share, and represent approximately 5.4% of the total number of common shares of the company outstanding prior to the acquisitions. 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, Base Metals, Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal. 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. Pinetree is recognized as a value-added partner in the resource industry. FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Pinetree Capital Ltd.Sheldon Inwentash, CPA, CA.Chairman & CEO416-941-9600Pinetree Capital Ltd.Gerry Feldman, CPA, CA.CFO & Vice President, Corporate Development416-643-3884feldman@pinetreecapital.comPinetree Capital Ltd.130 King Street West, Suite 250Toronto, Ontario, Canada, M5X 1A9www.pinetreecapital.comInvestor Relations:Pinetree Capital Ltd.Richard Patricio, LL.B.Vice President, Legal and Corporate