Pinetree Capital Ltd. Acquires Securities of Temex Resources Corp.

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2007) - Pinetree Capital Ltd. (TSX:PNP), announces that on November 2, 2007, it acquired ownership of 3,000,000 common shares ("Common Shares") of Temex Resources Corp. ("Temex") and 1,500,000 common share purchase warrants (the "Warrants"). Each Warrant entitles the holder thereof to acquire one additional common share until November 2, 2009, at a price of $1.00. In the event that the Warrants are fully exercised, these holdings represent approximately 6.6% of the total issued and outstanding common shares of Temex as of November 2, 2007, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree holds, as at November 2, 2007, 5,818,000 common shares of Temex, including the Common Shares and the Warrants. If Pinetree were to exercise all of the Warrants, its ownership would represent a total of 7,318,000 common shares of Temex, or approximately 10.7% of such shares outstanding as of November 2, 2007, calculated on a partially diluted basis assuming the exercise of the Warrants only.

These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Temex depending on market conditions or any other relevant factor.