PNP Pinetree Capital Ltd

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Pinetree Capital Ltd. (TSX:PNP) announces that it has entered into an agreement
with Sviral, Inc., pursuant to which it is proposed that Pinetree will acquire a
25% interest (40% partially diluted) in Sviral through the purchase of 10
million units of Sviral at a price of US$0.50 per unit. Each unit will be
comprised of one share of Series B Preference Stock and one Series B Preferred
Stock warrant of Sviral. As consideration for the US$5,000,000 purchase price
for the units, Pinetree will pay US$500,000 in cash and will issue to Sviral
10,975,610 common shares, representing approximately 6.2% of the total number of
Pinetree's outstanding common shares.


Sviral is a private company headquartered in Sunnyvale, California that is
working towards solving one of the primary problems in computer science - the
inability of programmers to effectively utilize the full capacity of each
central processing unit. Sviral's technology aims to enable the creation of a
new category of applications that can utilize all available processing cores and
enables simple, efficient, and high performance for processing complex streams
of data.


The Sviral investment is in addition to two other proposed investments by
Pinetree that are payable in shares and which, if completed, will result in the
issuance of an additional 4,661,246 common shares of the company (or
approximately 2.6% of Pinetree's common shares currently outstanding). All of
the Pinetree common shares issuable for the investments have an effective price
of Cdn$0.45 per share and all of the investments are subject to standard closing
conditions, including the approval of the Toronto Stock Exchange as to the
issuance of Pinetree's shares.


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 following sectors: Precious Metals, Uranium and
Technology. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pinetree Capital Ltd.
Sheldon Inwentash, CPA, CA.
Chairman & CEO


Pinetree Capital Ltd.
Gerry Feldman, CPA, CA.
CFO & Vice President, Corporate Development
416-643-3884
feldman@pinetreecapital.com


Investor Relations:
Pinetree Capital Ltd.
Richard Patricio, LL.B.
Vice President, Legal and Corporate Affairs
416-941-9600
ir@pinetreecapital.com / www.pinetreecapital.com

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