TSX: PNP     Last: 5.36     Change: 0.01
TSX: PNP     Last: 5.36     Change: 0.01

Pinetree Capital Ltd. Appoints General Counsel

February 5, 2007

TORONTO, Ontario (February 5, 2007) – Pinetree Capital Ltd. (TSX: PNP), a Canadian investment company, is pleased to announce the appointment of Wendy D. Warhaft as General Counsel.  In this newly-created position, Ms. Warhaft will, among other things, advise and assist management in respect of Pinetree’s corporate finance and M&A activity, as well as oversee continuous disclosure and corporate governance matters.

Ms. Warhaft has extensive experience as a corporate and securities lawyer, including most recently as a partner with a top Canadian law firm, and has spent her career advising large and mid-size clients in the resource, technology, biotechnology, financial services and consumer products industries.

Ms. Warhaft holds a Bachelor of Laws Degree from the University of Ottawa (Magna cum laude) and a Bachelor of Commerce Degree in Finance and International Business from McGill University (With Distinction) and is a member of the Ontario Bar.

Mr. Inwentash, Pinetree’s CEO stated, “We think that Wendy’s expertise and counsel will complement management and be a valuable resource as the breadth and depth of Pinetree’s business grows.”

About Pinetree

Pinetree Capital Ltd. ("Pinetree") 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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