Pinetree Capital Ltd.
TSX : PNP

Pinetree Capital Ltd.

February 22, 2008 09:00 ET

Pinetree Capital Announces Listing of Warrants

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) -

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Pinetree Capital Ltd. (TSX:PNP) announces that the Company's common share purchase warrants, which were issued as part of its private placement that closed on October 23, 2007, will be listed on the Toronto Stock Exchange commencing at the opening of trading on February 25, 2008 and will trade under the symbol "PNP.WT.A".

An aggregate of 6,875,000 warrants will be listed, each warrant entitling the holder to purchase one common share of Pinetree at a price of $6.50 per share until expiry on October 23, 2012.

About Pinetree

Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is 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 and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.

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

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