PNP Pinetree Capital Ltd

Pinetree Capital Ltd. (TSX:PNP), announces that on March 28, 2014, it acquired
ownership of 5,000,000 common shares ("Common Shares") and 5,000,000 common
share purchase warrants (the "Warrants") of Spectra7 Microsystems Inc.
("Spectra7") representing approximately 12.3% of the total issued and
outstanding common shares of Spectra7 as of March 28, 2014. As a result of this
transaction, Pinetree and its joint actors collectively held, as at March 28,
2014, an aggregate of 6,500,000 common shares of Spectra7, including the Common
Shares, and rights to acquire an additional 6,500,000 common shares of Spectra7
upon the exercise of convertible securities (the "Convertible Securities"). Of
these totals, Pinetree owns only the Common Shares and the Warrants directly. In
the event that the Convertible Securities are fully exercised, the holdings of
Pinetree and its joint actors represents a total of 13,000,000 common shares of
Spectra7 or approximately 15.7% of all issued and outstanding common shares as
at March 28, 2014, calculated on a partially diluted basis assuming the exercise
of the Convertible Securities only.


These transactions were made for investment purposes and Pinetree and its joint
actors could increase or decrease their investment in Spectra7 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 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
416-643-3884


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


Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 2A2
www.pinetreecapital.com


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

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