Pinetree Capital Ltd. Acquires Securities of Freewest Resources Canada Inc.

TORONTO, ONTARIO–(Marketwire – Nov. 26, 2009) – Pinetree Capital Ltd. (TSX:PNP), announces that, through a series of transactions ending on November 25, 2009, it acquired ownership of 500,000 common shares (“Common Shares”) of Freewest Resources Canada Inc. (“Freewest”) through the facilities of the TSX Venture Exchange, representing approximately 0.2% of the total issued and outstanding common shares of Freewest as at November 25, 2009. As a result of this transaction, Pinetree and its joint actors held, as at November 25, 2009, an aggregate of 19,606,605 common shares of Freewest and rights to acquire an additional 2,250,000 common shares of Freewest upon the exercise of convertible securities (the “Convertible Securities”), representing a total of 21,856,605 common shares of Freewest, or approximately 10.1% of such shares outstanding as of November 25, 2009, calculated on a partially diluted basis assuming the exercis