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TriNorth board member ready to tackle dissident Busseri';s misrepresentations

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^{Published in Business and Finance on Thursday, June 11th 2009 at 7:50 GMT, Last Modified on 2009-06-11 07:51:56 by Market Wire}  

 TORONTO, June 11 /CNW/ - Mr. Ravi Sood, President and Chief Operating Officer of Lawrence Asset Management Inc. and a director of TriNorth Capital Inc. ("TriNorth") (TSX: TRT), will square off today against dissident Tony Busseri, who is leading a campaign of misrepresentations against TriNorth. Both Mr. Sood and dissident Busseri will be interviewed on Business News Network's "Market Morning" program on Thursday, June 11, 2009, at approximately 10:40 a.m. Mr. Sood will be keen to challenge dissident Busseri about the misrepresentations made about TriNorth's management, board, and its performance. Mr. Sood will be presenting the board and management's vision for the company and also asking dissident Busseri questions that shareholders want answered, such as why does dissident Busseri think TriNorth shareholders should pay $450,000 for his campaign? The interview might also be available later in the day on the network's website, [ www.bnn.ca ]. Various cable television companies carry BNN on different channels across Canada. In the Greater Toronto Area, BNN is Channel 57 on Rogers Cable. Important shareholder voting instructions It is vital you fully understand what may happen to your investment if the Dissidents seize control of your Company. For this reason, the board urges you to carefully read the management information circular and execute the BLUE proxy by voting as recommended by the board of TriNorth. Voting is a very quick and easy process that empowers you to state your position and protect your investment, but you must act and vote your BLUE proxy to ensure your position is recognized. As we tabulate early results, the inevitability of the result has become clear. We will win this vote. But we still need your support. Please disregard any proxy you may have received from the Dissidents and ONLY vote the BLUE proxy. We believe that the depth of experience and strategic vision of the TriNorth nominees are essential to the Company's success and makes us best suited to lead your Company. If you have any questions regarding voting your BLUE proxy, please contact Kingsdale Shareholder Services Inc., at 1-800-775-4067 (toll free) or 416-867-2272 (outside of North America). About TriNorth TriNorth is a Canadian-based investment company that invests in a diversified portfolio of companies to generate long-term capital growth for shareholders. TriNorth takes an active interest in its investee companies from the earliest stages, providing strategic and financial counsel, support and direction to assist in their growth and success. TriNorth's investment strategy includes structuring and initiating deals focused on particular resources, themes or regions as well as launching the development of businesses in select industries by providing assistance with the hiring of management teams, providing seed capital and facilitating IPOs. All investment activities of TriNorth are managed by Lawrence Asset Management Inc, a leading Canadian alternative investment asset manager. Cautionary Notes Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the stated use of proceeds; plan of operations and comparative advantages; and benefits of this investment. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise. %SEDAR: 00003606E 

For further information: Investor or Media Contact: Janet Craig, Kingsdale Communications Inc., (416) 669-6792, [ jac@kingsdalecommunications.com ]