Pinetree Capital Ltd. Announces Appointment of New Director

TORONTO, ONTARIO, Jun 19 (MARKET WIRE) --
Pinetree Capital Ltd. ("Pinetree" or the "Company) (TSX: PNP) is pleased
to announce the appointment of Alan Hibben to its board of directors and
as a member of its audit committee.

Mr. Hibben has extensive experience in the financial services industry,
including in the areas of corporate development, mergers and acquisition
advisory services, private equity and venture capital. Most recently, he
was Chief Executive Officer of RBC Capital Partners and Head, Strategy &
Development, of RBC Financial Group. He currently provides consulting and
private investment services through Shakerhill Partners Ltd.

Mr. Hibben has been a director of a number of Canadian public and private
companies, both in financial services and as part of his responsibility
for private equity and venture capital investments. He is currently
Chairman of the Board of Governors of Havergal College.

Mr. Hibben is qualified as a Canadian Chartered Accountant in Ontario and
holds the CFA designation. He is also an Institute-Certified Director
(ICD.D) of the Institute of Corporate Directors.

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 merchant banking firm focused on the small cap market.
Pinetree's investments are primarily in the resources sector: Uranium,
Oil & Gas, Molybdenum, Precious Metals, Potash and Rare Earths, and Base
Metals. 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.

For more details about Pinetree and its investments, please visit our
website at www.pinetreecapital.com.

Contacts:
Investor Relations: Pinetree Capital Ltd.
Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
(416) 941-9600
Email: ir@pinetreecapital.com
Website: www.pinetreecapital.com

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