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TriNorth Board Member Podcasts to Shareholders

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^{Published in Business and Finance on Friday, June 12th 2009 at 7:50 GMT, Last Modified on 2009-06-12 07:52:04 by Market Wire}  

 Ravi Sood sets the record straight TORONTO, June 12 /CNW/ - TriNorth Capital Inc. ("TriNorth") (TSX: TRT) today announced that Mr. Ravi Sood, President and Chief Operating Officer of Lawrence Asset Management Inc. and a member of TriNorth's board of directors, recorded a podcast for all TriNorth shareholders to talk about the TriNorth team's strong record, experience and plans to enhance shareholder value. Mr. Sood focused on the key facts: - TriNorth is focused on creating investment opportunities with private early stage companies. - TriNorth's management team has a history of wealth creation and a vast global network of relationships that will benefit shareholders now and in the future. - TriNorth has tremendous latent value in the portfolio that will be unlocked in the coming quarters. - TriNorth's board is comprised of experienced and knowledgeable members - the majority of whom are independent. - TriNorth's board is experienced and internationally connected to support TriNorth's global mandate. - TriNorth's board is committed to the highest standards of corporate governance. Mr. Sood expressed his belief that a dissident takeover would end the tenure of Lawrence Asset Management Inc. as TriNorth's manager. "Removing Lawrence Asset Management would be devastating to the long-term value of TriNorth," said Mr. Sood. Mr. Sood said: "It is critical that shareholders choose the board of directors and management team that is best positioned to maximize shareholder value in their company. Our team has the plan, resources and capabilities to make it happen." The podcast is available for download on the TriNorth website [ www.trinorthcapital.com ]. 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. 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 ]