PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF

GOLDEN TAG RESOURCES LTD.

TORONTO, Canada (December 3, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on December 2, 2010, it acquired ownership of 2,000,000 common shares (“Common Shares”) and 2,000,000 common share purchase warrants (the “Warrants”) of Golden Tag Resources Ltd. (“Golden Tag”)