Pinetree Capital Ltd. Acquires Securities of Sanatana Resources Inc.

TORONTO, ONTARIO--(Marketwired - Aug. 16, 2013) - Pinetree Capital Ltd. (TSX:PNP), announces that on August 15, 2013, it acquired ownership of 937,500 common shares ("Common Shares") and 937,500 common share purchase warrants (the "Warrants") of Sanatana Resources Inc. ("Sanatana") representing approximately 1.6% of the total issued and outstanding common shares of Sanatana as of August 15, 2013. As a result of this transaction, Pinetree and its joint actors collectively held, as at August 15, 2013, an aggregate of 14,525,000 common shares of Sanatana, including the Common Shares, and rights to acquire an additional 1,875,000 common shares of Sanatana upon the exercise of convertible securities (the "Convertible Securities"). Of these totals, Pinetree owns 8,787,500 common shares, including the Common Shares, and the Convertible Warrants (the "Pinetree Convertible Securities") directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 16,400,000 common shares of Sanatana or approximately 14.05% of all issued and outstanding common shares as at August 15, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represent a total of 9,725,000 common shares of Sanatana, or approximately 8.4% of all issued and outstanding common shares as at August 15, 2013, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.

These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Sanatana 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 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.