PNP Pinetree Capital Ltd

Pinetree Capital Ltd. (TSX:PNP), announces that on March 14, 2011, it acquired
ownership of 1,875,000 common shares ("Common Shares") and 937,500common share
purchase warrants (the "Warrants") of Expedition Mining Inc. ("Expedition
Mining"). Each Warrant entitles the holder thereof to acquire one additional
common share at a price of $0.50 until September 13, 2012. In the event that the
Warrants are fully exercised, these holdings represent approximately 5.1% of the
total issued and outstanding common shares of Expedition Mining as of March 14,
2011, calculated on a partially diluted basis assuming the exercise of the
Warrants only. As a result of this transaction, Pinetree held, as at March 14,
2011, an aggregate of 8,726,500common shares of Expedition Mining, including the
Common Shares, and the Warrants. In the event that the Warrants are fully
exercised, the holdings of Pinetree represents a total of 9,664,000 common
shares of Expedition Mining, or approximately 17.5% of all issued and
outstanding common shares as at March 14, 2011, calculated on a partially
diluted basis assuming the exercise of the Warrants only.


This transaction was made for investment purposes and Pinetree could increase or
decrease its investment in Expedition Mining 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, Uranium and Coal, Base
Metals, Oil and Gas, 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 and is recognized as a value added
partner in the resource industry.


For more details about Pinetree and its investments, please visit our website at
www.pinetreecapital.com.

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