Pinetree Capital Ltd. (TSX:PNP), announces that on May 21, 2013, as a result of
a reverse take-over by Wolfpack Gold of Tigris Uranium Corp., it acquired
ownership of 4,266,666 common shares ("Common Shares") of Wolfpack Gold Corp.
("Wolfpack") representing approximately 8.6% of the total issued and outstanding
common shares of Wolfpack as of May 21, 2013. As a result of this transaction,
Pinetree and its joint actors collectively held, as at May 21, 2013, an
aggregate of 6,041,666 common shares of Wolfpack, including the Common Shares,
representing approximately 12.2% of all issued and outstanding common shares as
at May 21, 2013. 


These transactions were made for investment purposes and Pinetree or its joint
actors could increase or decrease their investment in Wolfpack 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 FURTHER INFORMATION PLEASE CONTACT: 
Pinetree Capital Ltd.
Sheldon Inwentash, CPA, CA.
Chairman & CEO
416-941-9600


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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