TSX: PNP     Last: 4.95     Change: 0.06
TSX: PNP     Last: 4.95     Change: 0.06

Pinetree Capital Ltd. Appoints General Counsel

January 26, 2007

TORONTO, Ontario (January 26, 2007) – Pinetree Capital Ltd. (TSX: PNP), a Canadian investment company, is pleased to announce the appointment of Wendy D. Warhaft, LL.B., as Pinetree’s General Counsel.  In this newly created position, Ms. Warhaft will assist in the structuring and administration of Pinetree’s business, from a business and legal perspective.  Ms. Warhaft was previously a partner with a top Canadian law firm and has spent her career working with a variety of large and mid-cap clients advising on a variety of transactions and governance matters.

Mr. Inwentash, Pinetree’s CEO stated, “We are optimistic that Wendy’s skills will complement management and bring our organization an additional level of control and oversight as the breadth and depth of Pinetree’s business grows.”

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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