Mr. Sheldon Inwentash of Pinetree Capital reports

PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF SALMON RIVER RESOURCES

On Feb. 4, 2011, Pinetree Capital Ltd. acquired ownership of 250,000 common shares of Salmon River Resources Ltd. through the facilities of the TSX Venture Exchange, representing approximately 0.6 per cent of the total issued and outstanding common shares of Salmon River as of Jan. 4, 2011. As a result of this transaction, Pinetree and its joint actor collectively held, as at Feb. 4, 2011, a total of 4.25 million common shares of Salmon River, including the common shares, or approximately 10.86 per cent of the total issued and outstanding common shares of Salmon River as of Feb. 4, 2011. Of these totals, Pinetree owns 2.25 million common shares, including the common shares, directly, or approximately 5.7 per cent of the total issued and outstanding common shares of Salmon River as of Feb. 4, 2011.

This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Salmon River depending on market conditions or any other relevant factor.