Pinetree Capital Announces New Mining Investments

Canadian private equity firm Pinetree Capital has made two new mining-related investments. Pinetree acquired common shares and warrants in the Vancouver-based Laurentian Goldfields Ltd., which focuses on the acquisition, exploration and development of high-quality gold properties in Canada. Pinetree also bought common shares and warrants in U3O8 Corp. of Toronto, a uranium discovery company which targets properties in South America.

PRESS RELEASES

Pinetree Capital Ltd. Acquires Securities of Laurentian Goldfields Ltd.

Pinetree Capital Ltd. (PNP.TO), announces that on January 9, 2013, it acquired ownership of 500,000 common shares (“Common Shares”) and 500,000 common share purchase warrants (the “Warrants”) of Laurentian Goldfields Ltd. (“Laurentian”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.30 until January 9, 2015. In the event that the Warrants are fully exercised, these holdings represent approximately 1.1% of the total issued and outstanding common shares of Laurentian as of January 9, 2013, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at January 9, 2013, an aggregate of 904,700 common shares of Laurentian, including the Common Shares, and rights to acquire an additional 550,000 common shares of Laurentian upon exercise of certain convertible securities, including the Warrants (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 1,454,700 common shares of Laurentian, or approximately 15.5% of all issued and outstanding common shares as at January 9, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Laurentian depending on market conditions or any other relevant factor.

Pinetree Capital acquires shares, warrants of U3O8

On Jan. 11, 2013, Pinetree Capital Ltd. acquired ownership of 10 million common shares and five million common share purchase warrants of U3O8 Corp. Each warrant entitles the holder thereof to acquire one additional common share at a price of 30 cents until Jan. 11, 2015. In the event that the warrants are fully exercised, these holdings represent approximately 10.5 per cent of the total issued and outstanding common shares of U3O8 as of Jan. 11, 2013, calculated on a partially diluted basis, assuming the exercise of the warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at Jan. 11, 2013, a total of 27,009,057 common shares of U3O8, including the common shares, and rights to acquire an additional 6,341,250 common shares of U3O8 upon exercise of certain convertible securities, including the warrants. Of these totals, Pinetree owns 22,274,771 common shares, including the common shares, and 5,941,250 of the convertible securities, including the warrants, directly. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 33,350,307 common shares of U3O8, or approximately 23 per cent of all issued and outstanding common shares as at Jan. 11, 2013, calculated on a partially diluted basis, assuming the exercise of the convertible securities only. In the event that the Pinetree convertible securities are fully exercised, the direct holdings of Pinetree represents a total of 28,216,021 common shares of U3O8, or approximately 19.6 per cent of all issued and outstanding common shares as at Jan. 11, 2013, calculated on a partially diluted basis, assuming the exercise of the Pinetree convertible securities only.

These transactions were made for investment purposes, and Pinetree or its joint actors could increase or decrease their investment in U3O8 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.

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