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

Pinetree Capital Ltd. Announces Appointment Of New Director

June 19, 2008

TORONTO, Ontario (June 19, 2008) – Pinetree Capital Ltd. (“Pinetree” or the “Company) (TSX: PNP) is pleased to announce the appointment of Alan Hibben to its board of directors and as a member of its audit committee.

Mr. Hibben has extensive experience in the financial services industry, including in the areas of corporate development, mergers and acquisition advisory services, private equity and venture capital.  Most recently, he was Chief Executive Officer of RBC Capital Partners and Head, Strategy & Development, of RBC Financial Group. He currently provides consulting and private investment services through Shakerhill Partners Ltd.

Mr. Hibben has been a director of a number of Canadian public and private companies, both in financial services and as part of his responsibility for private equity and venture capital investments. He is currently Chairman of the Board of Governors of Havergal College.

Mr. Hibben is qualified as a Canadian Chartered Accountant in Ontario and holds the CFA designation. He is also an Institute-Certified Director (ICD.D) of the Institute of Corporate Directors.

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 merchant banking firm focused on the small cap market.  Pinetree’s investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals, Potash and Rare Earths, and Base Metals.  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.

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

Investor Relations:
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
Phone: 416-941-9600
Email: ir@pinetreecapital.com
Web Site: www.pinetreecapital.com

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