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TSX: PNP     Last: 3.81     Change: 0.00

Pinetree Capital Ltd. Appoints Vice President, Investments

January 17, 2007

TORONTO, Ontario (January 17, 2007) – Pinetree Capital Ltd. (TSX: PNP), a Canadian investment company, is pleased to announce the appointment of Donato Sferra, CFA, CA, as Pinetree’s Vice President, Investments.  In this newly created position, Mr. Sferra will be an integral member of the Pinetree executive management team, where he will be instrumental in the evaluation and management of Pinetree’s investment portfolio. 

For the past five years, Mr. Sferra was an analyst with the investment arm of a Canadian bank.  Previously he had practiced as a Chartered Accountant for one of the top Global accounting firms.

Mr. Inwentash, Pinetree’s CEO stated, “The addition of Donato to our management team is an important step in our evolution.  Our portfolio of investments has grown significantly over the last few years and the addition of a professional of Donato’s calibre will provide considerable strength as we evaluate new investment opportunities and manage our existing portfolio.”

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 develops and manages a portfolio of equity securities of private and public issuers engaged in growth businesses in the following three sectors: (i) Uranium, Mining and Oil & Gas; (ii) Biotechnology; and (iii) Technology and Other.  Pinetree’s investment focus among these three sectors changes over time, depending on changing investment opportunities. As well, Pinetree takes advantage of special situations and merchant banking opportunities.

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

Investor Relations Contact for Pinetree Capital Ltd.:

Larry Goldberg , C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd. 
130 King Street West, Suite 2500
Toronto , Ontario , Canada
, M5X 1A9
Email: ir@pinetreecapital.com    Web Site: www.pinetreecapital.com

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