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

Pinetree Capital Ltd. Acquires Securities Of Wolfpack Gold Corp.

May 21, 2013

TORONTO, Canada (May 21, 2013) Pinetree Capital Ltd. (TSX: PNP), announces that on May 21, 2013, as a result of a reverse take-over by Wolfpack Gold of Tigris Uranium Corp., it acquired ownership of 4,266,666 common shares (“Common Shares”) of Wolfpack Gold Corp. (“Wolfpack”) representing approximately 8.6% of the total issued and outstanding common shares of Wolfpack as of May 21, 2013.  As a result of this transaction, Pinetree and its joint actors collectively held, as at May 21, 2013, an aggregate of 6,041,666 common shares of Wolfpack, including the Common Shares, representing approximately 12.2% of all issued and outstanding common shares as at May 21, 2013.

These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Wolfpack depending on market conditions or any other relevant factor.

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 venture capital firm focused on the small cap market.  Pinetree’s investments are primarily in the resources sector: Precious Metals, Base Metals, Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal.  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. Pinetree is recognized as a value-added partner in the resource industry. 

  Investor Relations:  
Sheldon Inwentash, CPA, CA. Richard Patricio, LL.B.  
Chairman & CEO Vice President, Legal and Corporate Affairs  
Pinetree Capital Ltd. Pinetree Capital Ltd.  
  130 King Street West, Suite 250  
Gerry Feldman, CPA, CA. Toronto, Ontario, Canada, M5X 2A2  
CFO & Vice President, Corporate Development Phone: 416-941-9600  
Pinetree Capital Ltd. Email: ir@pinetreecapital.com  
Phone: 416-643-3884 Website: www.pinetreecapital.com  
Email: feldman@pinetreecapital.com    

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