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1388369 Ontario Inc. Acquires Common Shares of Pinetree Capital From 2507492 Ontario Ltd.

TORONTO, ONTARIO — (Marketwired) — 09/12/17 — 2507492 Ontario Ltd. ("250 Ontario"), a holding company wholly owned by Peter Tolnai (the Chairman and Chief Executive Officer of Pinetree Capital Ltd. ("Pinetree") (TSX: PNP)), today sold 2,808,891 common shares of Pinetree ("Pinetree Shares") to 1388369 Ontario Inc. ("1388 Ontario"), a family holding company owned by Damien Leonard (the Chief Operating Officer of Pinetree) and his siblings, at a price of

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