Pinetree Capital Ltd. announced the resignation of Gerry Feldman, the company's Vice President Corporate Development & Chief Financial Officer, effective April 13. Mr. Feldman resigned in order to focus his attention on his other ventures and business interests. Carmelo Marrelli will be appointed as interim Chief Financial Officer.

Mr. Marrelli is a Certified Public Accountant in Ontario and a principal of Marrelli Support Services Inc., a firm specializing in providing administration services to Canadian public companies. He also acts as CFO for several other public companies.