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Press release from Marketwire

Pinetree Capital Announces Completion of Normal Course Issuer Bid

Tuesday, June 25, 2013

Pinetree Capital Announces Completion of Normal Course Issuer Bid

16:00 EDT Tuesday, June 25, 2013

TORONTO, CANADA--(Marketwired - June 25, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Pinetree Capital Ltd. (TSX:PNP) is pleased to announce that it has completed its normal course issuer bid for its 8% convertible unsecured subordinated debentures due May 31, 2016 ("Debentures") (TSX:PNP.DB). Pursuant to the terms of the bid, the corporation acquired an aggregate of $6,696,000 principal amount of Debentures, being the maximum amount permitted under the bid, at a volume weighted average price of $78.83 per $100 principal amount. All of the Debentures acquired were cancelled and an aggregate of $60,864,000.00 principal amount of Debentures remain outstanding.

About Pinetree

Pinetree 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:
Sheldon Inwentash, CPA, CA.
Chairman & CEO
Pinetree Capital Ltd.


Gerry Feldman, CPA, CA.
CFO & Vice President, Corporate Development
Pinetree Capital Ltd.
416-643-3884
feldman@pinetreecapital.com


Investor Relations:
Richard Patricio, LL.B.
Vice President, Legal and Corporate Affairs
Pinetree Capital Ltd.
416-941-9600
ir@pinetreecapital.com


Pinetree Capital Ltd.
130 King Street West, Suite 250
Toronto, Ontario, Canada, M5X 2A2
www.pinetreecapital.com

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