Pinetree Capital Ltd. Acquires Securities of El Tigre Silver Corp.

Pinetree Capital Ltd. (TSX:PNP), announces that on December 14, 2010, it acquired ownership of 2,000,000 common shares and 2,000,000 common share purchase warrants.

The press release is quoted as saying:

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 resources sector: Uranium and Coal, Oil & Gas, Precious Metals, Base Metals 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.

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