Pinetree Capital Ltd. Announces Unaudited January 31, 2013 Net Asset Value Per Share of $1.47 http://tmx.quotemedia.com/article.php?newsid=58057127&qm_symbol=PNP http://tmx.quotemedia.com/quote.php?qm_symbol=CAL http://tmx.quotemedia.com/article.php?newsid=57503091&qm_symbol=CAL Management performance often repeat itself - 1 year chart - chart.finance.yahoo.com/z?s=CALVF.OB&t=1y&q=l&l=on&z=l&c=pnp.to,abx,gg&a=v&p=s&lang=en-US®ion=US Management performance often repeat itself - 2 year chart - chart.finance.yahoo.com/z?s=CALVF.OB&t=2y&q=l&l=on&z=l&c=pnp.to,abx,gg&a=v&p=s&lang=en-US®ion=US Management performance often repeat itself - 3 year chart - chart.finance.yahoo.com/z?s=CALVF.OB&t=3y&q=l&l=on&z=l&c=pnp.to,abx,gg&a=v&p=s&lang=en-US®ion=US A comparison target - nice to ride with long term winner - :-) PNP is Caledonia's major shareholder - God Bless