TriNorth Concerned Shareholders propose protocol to encourage fairness at annual meeting

    TORONTO, June 17 /CNW/ - The TriNorth Concerned Shareholders announced
today that they have asked the Current Board of TriNorth Capital Inc. to agree
to normal protocols used at contested annual meetings which would increase the
chances that proxy voting will be fair and the Company's annual meeting can be
conducted courteously and professionally.

    The Concerned Shareholders have asked for:

    -   An independent Chairman of the meeting, or at least that portion of
        the meeting that deals with the election of directors. This has been
        done in a number of recent contested situations since the Chairman of
        the Board would be placed in an untenable conflict of interest if
        allowed to make rulings and decisions that could affect the outcome
        of an election in which the Chairman is a nominee to the Board;

    -   An independent Secretary for the meeting. Again, this is to ensure
        impartiality during the election;

    -   Assurance of access to the meeting for the Concerned Shareholder
        Nominees and advisors, a total of eight people;

    -   Confirmation of Computershare Transfer and Trust Company as
        scrutineer and proxy tabulator at the meeting and that
        Olympia Transfer Service Inc, on behalf of the Concerned Shareholder,
        be provided with access to voted proxies following the deadline for
        voting and prior to the Annual Meeting on Monday, June 22, 2009;

    -   Confirmation that the Concerned Shareholder be provided with time to
        make a brief presentation to the Annual Meeting should he choose to
        do so.

    "We would like to see a fair election and are asking the Current Board
for fair treatment on behalf of all shareholders," said Tony Busseri, the
Concerned Shareholder. "Everything we have asked for has been put into
practice at other contested meetings and we would expect the Current Board of
TriNorth to agree to our proposed protocol. There are no reasonable grounds to
oppose it."
    Shareholders are reminded that deadline for voting the Yellow Proxy is
noon Thursday June 18, 2009 and they are advised to discard any Blue or White

    Voting is Vital and Confidential

    Your vote is completely private. In response to concerns expressed by
TriNorth shareholders, the Concerned Shareholders advise that there is no
reason to fear retribution from TriNorth, its Board of Directors or advisors
for voting the YELLOW proxy in support of the Concerned Shareholders'
nominees. Shareholders are protected by, first, the confidentiality of the
proxy voting system. There is also protection in the fact that, at the present
rate of voting support for the Concerned Shareholder nominees, the Current
Board will be replaced and will not be in a position to act against any
shareholder or other party.

    Vote Now

    For more information, call The TriNorth Concerned Shareholders at
905-334-5495 or go to

    The Concerned Shareholder Proxy Circular has been filed with securities
regulators and has been mailed to all TriNorth shareholders along with a
Yellow form of proxy to be used to vote to replace the Board and to oppose
management resolutions at the Annual Shareholders Meeting. The Proxy Circular
is available at and at

For further information:

For further information: TriNorth Concerned Shareholders: Tony Busseri,
(905) 334-5495,; Media: John Lute, Lute & Company, (416)

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