TriNorth Board Member Podcasts to Shareholders

    Ravi Sood sets the record straight

    TORONTO, June 12 /CNW/ - TriNorth Capital Inc. ("TriNorth") (TSX: TRT)
today announced that Mr. Ravi Sood, President and Chief Operating Officer of
Lawrence Asset Management Inc. and a member of TriNorth's board of directors,
recorded a podcast for all TriNorth shareholders to talk about the TriNorth
team's strong record, experience and plans to enhance shareholder value.

    Mr. Sood focused on the key facts:

    -   TriNorth is focused on creating investment opportunities with private
        early stage companies.
    -   TriNorth's management team has a history of wealth creation and a
        vast global network of relationships that will benefit shareholders
        now and in the future.
    -   TriNorth has tremendous latent value in the portfolio that will be
        unlocked in the coming quarters.
    -   TriNorth's board is comprised of experienced and knowledgeable
        members - the majority of whom are independent.
    -   TriNorth's board is experienced and internationally connected to
        support TriNorth's global mandate.
    -   TriNorth's board is committed to the highest standards of corporate

    Mr. Sood expressed his belief that a dissident takeover would end the
tenure of Lawrence Asset Management Inc. as TriNorth's manager.
    "Removing Lawrence Asset Management would be devastating to the long-term
value of TriNorth," said Mr. Sood.
    Mr. Sood said: "It is critical that shareholders choose the board of
directors and management team that is best positioned to maximize shareholder
value in their company. Our team has the plan, resources and capabilities to
make it happen."
    The podcast is available for download on the TriNorth website

    Important shareholder voting instructions

    It is vital you fully understand what may happen to your investment if
the Dissidents seize control of your Company. For this reason, the board urges
you to carefully read the management information circular and execute the BLUE
proxy by voting as recommended by the board of TriNorth. Voting is a very
quick and easy process that empowers you to state your position and protect
your investment, but you must act and vote your BLUE proxy to ensure your
position is recognized. Please disregard any proxy you may have received from
the Dissidents and ONLY vote the BLUE proxy.
    We believe that the depth of experience and strategic vision of the
TriNorth nominees are essential to the Company's success and makes us best
suited to lead your Company.
    If you have any questions regarding voting your BLUE proxy, please
contact Kingsdale Shareholder Services Inc., at 1-800-775-4067 (toll free) or
416-867-2272 (outside of North America).

    About TriNorth

    TriNorth is a Canadian-based investment company that invests in a
diversified portfolio of companies to generate long-term capital growth for
shareholders. TriNorth takes an active interest in its investee companies from
the earliest stages, providing strategic and financial counsel, support and
direction to assist in their growth and success. TriNorth's investment
strategy includes structuring and initiating deals focused on particular
resources, themes or regions as well as launching the development of
businesses in select industries by providing assistance with the hiring of
management teams, providing seed capital and facilitating IPOs. All investment
activities of TriNorth are managed by Lawrence Asset Management Inc, a leading
Canadian alternative investment asset manager.

    Cautionary Notes

    Except for statements of historical fact contained herein, the
information in this press release constitutes "forward-looking information"
within the meaning of Canadian securities law. Such forward-looking
information may be identified by words such as "plans", "proposes",
"estimates", "intends", "expects", "believes", "may", "will" and include
without limitation, statements regarding the stated use of proceeds; plan of
operations and comparative advantages; and benefits of this investment. There
can be no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from such statements.
Factors that could cause actual results to differ materially include, among
others, regulatory risks, risks inherent in foreign operations, commodity
prices, competition, and investments having no history of operations. Most of
these factors are outside the control of the Company. Investors are cautioned
not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company
expressly disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new information, future
events or otherwise.

    %SEDAR: 00003606E

For further information:

For further information: Investor or Media Contact: Janet Craig,
Kingsdale Communications Inc., (416) 669-6792,

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