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TORONTO, ONTARIO--(Marketwire - July 9, 2010) - Pinetree Capital Ltd. ("Pinetree" or the "Company) (TSX:PNP) announces that Larry Goldberg, the Company's Executive Vice President and Chief Financial Officer, has resigned effective August 15, 2010 to pursue other business interests.

Gerry Feldman, C.A., Pinetree's Vice President, Corporate Development, will assume the role of Chief Financial Officer upon Mr. Goldberg's departure. Mr. Feldman joined Pinetree in May 2010 after serving as a Director of the Company. Prior to joining Pinetree, he was a senior partner in a number of accounting firms where he provided consulting services to clients, specializing in audits of public companies and securities and mutual fund dealers. Mr. Feldman is also a senior officer and director of several other TSX and TSX Venture Exchange-listed companies.

"Larry has been with the Company for over ten years and has been a valuable contributor to our team and to Pinetree's growth", said Sheldon Inwentash, Chief Executive Officer. "We are very appreciative of his dedication to the business and wish him all the best in his future endeavours."

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 and Coal, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths. 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 ]