TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) - Pinetree Capital Ltd. (TSX:PNP - News), announces that through a series of transactions ending on February 7, 2011, it acquired ownership of 745,000 common shares ("Common Shares") of Titan Uranium Inc. ("Titan Uranium") representing approximately 0.6% of the total issued and outstanding common shares of Titan Uranium as of February 7, 2011. As a result of this transaction, Pinetree and its joint actors collectively held, as at February 7, 2011, an aggregate of 10,111,542 common shares of Titan Uranium, including the Common Shares and rights to acquire an additional 3,950,000 common shares of Titan Uranium upon exercise of certain convertible securities (the "Convertible Securities"). Of these totals, Pinetree owns 3,999,342 common shares, including the Common Shares and 1,500,000 of the Convertible Securities (the "Pinetree Convertible Securities") directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 14,061,542 common shares of Titan Uranium, or approximately 10.7% of all issued and outstanding common shares as at February 7, 2011, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 5,499,342 common shares of Titan Uranium, or approximately 4.3% of all issued and outstanding common shares as at February 7, 2011, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.This transaction was made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Titan Uranium depending on market conditions or any other relevant factor.About PinetreePinetree 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.