Investors

TORONTO, Canada (February 27, 2013) Pinetree Capital Ltd. (TSX: PNP), announces that on February 26, 2013, it acquired ownership of 1,666,668 common shares (“Common Shares”) and 1,666,668 common share purchase warrants (the “Warrants”) of Santa Fe Metals Corporation (“Santa Fe”).  Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.12 until February 25, 2015.   In the event that the Warrants are fully exercised, these holdings represent approximately 16.8% of the total issued and outstanding common shares of Santa Fe as of February 26, 2013, calculated on a partially diluted basis assuming the exercise of the Warrants only.  As a result of this transaction, Pinetree held, as at February 26, 2013, an aggregate of 3,366,668 common shares of Santa Fe, including the Common Shares, and rights to acquire an additional 2,066,668 common shares of Santa Fe 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 5,433,336 common shares of Santa Fe, or approximately 26.8% of all issued and outstanding common shares as at February 26, 2013, 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 Santa Fe 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.