Pinetree Capital Ltd. Announces Appointment of Susan E. Fox as Chief Financial Officer

TORONTO, ONTARIO--(Marketwired - May 13, 2016) - Pinetree Capital Ltd. (TSX:PNP)

Peter Tolnai, CEO, is pleased to announce that Susan E. Fox has been appointed Chief Financial Officer of Pinetree Capital Ltd., effective today. The Company's former CFO, Carmelo Marrelli has resigned. Marrelli Services Ltd. will continue to provide bookkeeping and accounting services to the Company.

Ms. Fox CPA, CA, has held senior financial roles, including Chief Financial Officer at several small and medium sized public and private companies, including one other TSX-listed issuer. She has deep experience with several venture-capital backed operating companies.

Peter Tolnai, CEO said: "I'm delighted that Sue has joined our team. We have worked together before and she will provide great value to Pinetree's finance and administration in the years ahead."

Ms. Fox said: "I'm thrilled to be joining Peter and the team at Pinetree, and I look forward to working with them during this transformative time for the Company."

About Pinetree

Pinetree is a diversified investment and merchant banking firm focused on the small cap market, with early stage investments in resource, biotechnology and technology companies. Pinetree's shares are listed on the Toronto Stock Exchange under the symbol "PNP".