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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (150)	2/22/2000 9:53:00 AM
From: Jim O'Connell	Read Replies (1) \| Respond to of 233

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR : Pinetree Capital Corp. CDNX SYMBOL: PNP February 22, 2000 Thomson Kernaghan Initiates Coverage On Pinetree Capital Corp. With Strong Buy Recommendation TORONTO, ONTARIO--Pinetree Capital Corp. ("Pinetree") wishes to advise that Thomson Kernaghan & Co. Limited ("TK") has initiated coverage on Pinetree with a strong buy recommendation and a 12 month target price of $25. The complete text of the TK Research Report can be found on the Pinetree web site at www.pinetreecapital.com/research.html. Sheldon Inwentash, Chairman and CEO of Pinetree stated "We are very pleased that Pinetree's success is starting to be recognized by the investment community." Pinetree Capital Corp. is a publicly traded company that focuses on being first to fund emerging growth businesses with breakthrough proprietary products. Pinetree acts as a catalyst for success by taking a leadership position in its investee companies and committing both financial and human resources to their projects. Pinetree's goal is to maximize both short and long-term investment value for it shareholders. Pinetree's focus is in the e-business sector, and in particular, companies with internet enabling technology. Trading in Pinetree's shares are reported on Tier One of the Canadian Venture Exchange (the "CDNX") under the symbol "PNP". Visit the Pinetree Capital Corp. web site at www.pinetreecapital.com. The TK Report referred to herein is an independent report prepared by Thomson Kernaghan and does not necessarily reflect the views and recommendations of Pinetree, its directors or officers. The Canadian Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release. - 30 - FOR FURTHER INFORMATION PLEASE CONTACT : Sheldon Inwentash Chairman and C.E.O. (416) 941-9600 E-mail: info@pinetreecapital.com INDUSTRY : FIS SUBJECT : NWS