TORONTO, CANADA--(Marketwired - June 13, 2013) - Pinetree Capital Ltd. (TSX:PNP) announces that at its annual and special shareholder meeting held earlier today, all of the nominees listed in its management information circular for the meeting were elected as directors of the company. Each director was elected by a majority of the shareholders by a show of hands. The results of the shares voted by proxy in respect of the election of each director are set out below:

Nominee Shares Voted For Shares Withheld
Marshall Auerback 25,072,222 (97.17%) 730,384 (2.83%)
Andrew Fleming 25,153,546 (97.48%) 649,060 (2.52%)
Gerry Goldberg 25,044,352 (97.06%) 758,254 (2.94%)
Sheldon Inwentash 25,085,997 (97.22%) 716,609 (2.78%)
Bruno Maruzzo 25,200,060 (97.66%) 602,546 (2.34%)
Ron Perry 25,131,223 (97.40%) 671,383 (2.60%)

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.

Contact Information:

Pinetree Capital Ltd.
Sheldon Inwentash, CPA, CA.
Chairman & CEO

Pinetree Capital Ltd.
Gerry Feldman, CPA, CA.
CFO & Vice President, Corporate Development

Investor Relations: Pinetree Capital Ltd.
Richard Patricio, LL.B.
Vice President, Legal and Corporate Affairs