PNP Pinetree Capital Ltd

Pinetree Capital Ltd. (TSX:PNP), announces that through a series of transactions
ending on November 12, 2010, it acquired ownership of 2,908,500 common shares
("Common Shares") of Cream Minerals Ltd. ("Cream") through the facilities of the
TSX Venture Exchange, representing approximately 3.0% of the total issued and
outstanding common shares of Cream as of November 12, 2010. As a result of this
transaction, Pinetree held, as at November 12, 2010, an aggregate of 8,908,500
common shares of Cream, including the Common Shares and rights to acquire an
additional 2,000,000 common shares of Cream upon exercise of certain convertible
securities (the "Convertible Securities"). In the event that the Convertible
Securities are fully exercised, the holdings of Pinetree represent a total of
10,908,500 common shares of Cream, or approximately 11.2% of all issued and
outstanding common shares as at November 12, 2010, 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 Cream depending on market conditions or any other
relevant factor.


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.

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