PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF

LATIN AMERICAN MINERALS INC.

TORONTO, Ontario (February 23, 2009) – Pinetree Capital Ltd. (TSX: PNP), announces that, through as eries of transactions ending on February 17, 2009, it acquired ownership of 434,500 common shares (“Common Shares”) of Latin American Minerals Inc. (“Latin American”) through the facilities of the TSX Venture Exchange representing approximately 0.7% of the total issued and outstanding common shares of Latin American as of February 23, 2009.

As a result of this transaction, Pinetree and its joint actors collectively held, as at February 23, 2009, an aggregate of 8,000,000 common shares of Latin American, including the Common Shares, and rights to acquire an additional 750,837 common shares of Latin American upon the exercise of convertible securities (collectively, the “Convertible Securities”).

Of these totals, Pinetree the 8,000,000 common shares of Latin American and 500,000 of the Convertible Securities (the “Pinetree Convertible Securities”).

In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 8,750,837 common shares of Latin American, or approximately 13.9% of all issued and outstanding common shares as at February 23, 2009,

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, Pinetree’s direct holdings would represent 8,500,000 common shares approximately 13.5% of all issued and outstanding common shares of Latin American as of February 23, 2009, calculated on a partially diluted basis assuming the exercise of the Pinetree Convertible Securities only.

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