Pinetree Capital Ltd. Acquires Securities of Ucore Uranium Inc.

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2009) - Pinetree Capital Ltd. (TSX:PNP), announces that, through a series of transactions ending on November 24, 2009, it acquired ownership of 1,373,000 common shares ("Common Shares") of Ucore Uranium Inc. ("Ucore") through the facilities of the TSX Venture Exchange, representing approximately 1.6% of the total issued and outstanding common shares of Ucore as at November 24, 2009. As a result of this transaction, Pinetree and its joint actors held, as at November 24, 2009, an aggregate of 10,421,500 common shares of Ucore and rights to acquire an additional 1,250,000 common shares of Ucore upon the exercise of convertible securities (the "Convertible Securities"), representing a total of 11,671,500 common shares of Ucore, or approximately 13.4% of such shares outstanding as of November 24, 2009, calculated on a partially diluted basis assuming the exercise of the Convertible Securities. As a result of this transaction, Pinetree held (including the Common Shares), as at November 24, 2009, an aggregate of 10,000,000 common shares of Ucore and rights to acquire an additional 1,250,000 common shares of Ucore upon the exercise of the Convertible Securities, representing a total of 11,250,000 common shares of Ucore, or approximately 12.9% of such shares outstanding as of November 24, 2009, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.