Pinetree Capital Ltd. announces resignation of officer

TORONTO, Sept. 30 /CNW/ - Pinetree Capital Ltd. ("Pinetree") announces
that L.M. (Gino) Falzone has resigned as Vice President, Legal & Corporate
Affairs and as Secretary of Pinetree to pursue other endeavours. The board of
directors would like to thank Gino for his dedication and commitment to the
Company and his service as an officer of Pinetree for the past 9 years.