Pinetree Capital Ltd. Acquires Securities of Aldershot Resources Ltd.

TORONTO, ONTARIO, Jun 10 (MARKET WIRE) --
Pinetree Capital Ltd. (TSX: PNP), announces that on June 4, 2009, it
acquired ownership of 5,000,000 common shares ("Common Shares") of
Aldershot Resources Ltd. ("Aldershot") and 5,000,000 common share
purchase warrants (the "Warrants"). Each Warrant entitles the holder
thereof to acquire one additional common share until June 1, 2011, at a
price of $0.05 until June 1, 2010 and at a price of $0.10 thereafter
until June 1, 2011. In the event that the Warrants are fully exercised,
these holdings represent approximately 12.6% of the total issued and
outstanding common shares of Aldershot as of June 4, 2009, calculated on
a partially diluted basis assuming the exercise of the Warrants only. As
a result of this transaction, Pinetree holds, as at June 4, 2009,
10,538,000 common shares of Aldershot, including the Common Shares and
rights exercisable into an additional 8,000,000 common shares of
Aldershot (the "Convertible Securities"), including the Warrants. If
Pinetree were to exercise all of the Convertible Securities, its
ownership would represent a total of 18,538,000 common shares of
Aldershot, or approximately 22.6% of such shares outstanding as of June
4, 2009, calculated on a partially diluted basis assuming the exercise of
the Convertible Securities only.

These transactions were made for investment purposes and Pinetree could
increase or decrease their respective investments in Aldershot depending
on market conditions or any other relevant factor.

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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