PINE TREE CAPITAL LTD. ACQUIRES SECURITIES OF OROCO RESOURCE CORP.

October 27, 2010

TORONTO, Canada (October 27, 2010) Pinetree Capital Ltd. (TSX: PNP),
announces that on October 25, 2010, it acquired ownership of 1,000,000 common shares
("Common Shares") and 500,000 common share purchase warrants (the "Warrants")
of Oroco Resource Corp. ("Oroco"). Each Warrant entitles the holder thereof to acquire
one additional common share at a price of $0.30 until April 15, 2012. In the event that
the Warrants are fully exercised, these holdings represent approximately 3.2% of the total
issued and outstanding common shares of Oroco as of October 25, 2010, calculated on
a partially diluted basis assuming the exercise of the Warrants only. As a result of this
transaction, Pinetree held, as at October 25, 2010, an aggregate of 4,182,500 common
shares of Oroco, including the Common Shares, and rights to acquire an additional
1,000,000 common shares of Oroco 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 5,182,500
common shares of Oroco, or approximately 10.9% of all issued and outstanding common
shares as at October 25, 2010, 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 Oroco 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 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.

For more details about Pinetree and its investments, please visit our website at
www.pinetreecapital.com

Sheldon Inwentash
Chairman & CEO

Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Website: www.pinetreecapital.com

Investor Relations:
Richard Patricio
Vice President, Legal and Corporate Affairs
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Phone: 416-941-9600
Email: ir@pinetreecapital.com
Web Site: www.pinetreecapital.com

 

 



 
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