Pinetree Capital Announces Completion Of Normal Course Issuer Bid

June 25, 2013

TORONTO, Canada (June 25, 2013) - Pinetree Capital Ltd. (TSX: PNP) is pleased to announce that it has completed its normal course issuer bid for its 8% convertible unsecured subordinated debentures due May 31, 2016 (“Debentures”) (TSX: “PNP.DB”).  Pursuant to the terms of the bid, the corporation acquired an aggregate of $6,696,000 principal amount of Debentures, being the maximum amount permitted under the bid, at a volume weighted average price of $78.83 per $100 principal amount.  All of the Debentures acquired were cancelled and an aggregate of $60,864,000.00 principal amount of Debentures remain outstanding.

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