PNP Pinetree Capital Ltd

Pinetree Capital Ltd. (TSX:PNP), announces that on July 27, 2011, it acquired
ownership of 1,000,000 common shares ("Common Shares") and 500,000 common share
purchase warrants (the "Warrants") of Oroco Resource Corp. ("Oroco"). Each
Warrant entitles the holder thereof to acquire one additional common share at a
price of $0.42 until October 27, 2012. In the event that the Warrants are fully
exercised, these holdings represent approximately 2.5% of the total issued and
outstanding common shares of Oroco as of July 27, 2011, calculated on a
partially diluted basis assuming the exercise of the Warrants only. As a result
of this transaction, Pinetree held, as at July 27, 2011, an aggregate of
5,500,000 common shares of Oroco, including the Common Shares, and rights to
acquire an additional 1,000,000 common shares of Oroco 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 6,500,000 common shares of Oroco, or
approximately 10.9% of all issued and outstanding common shares as at July 27,
2011, 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 Oroco 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.


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

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