TORONTO, June 30 - June 30, 2010 (CRWE NEWSWIRE) - TriNorth Capital Inc. (”TriNorth”) (TSXV: TRT) today released its unaudited financial results for the three months ended March 31, 2010.

During the first quarter of 2010, TriNorth posted a net loss of $319,874 compared to a net of loss of $418,175 million in the first quarter of 2009. The loss per common share for the quarter was $0.002 compared to a loss per common share of $0.003 in the first quarter of 2008. TriNorth had cash and cash equivalents of $370,969 at the end of the first quarter.

For the three months ended March 31, 2010, TriNorth did not make any new investments. In January 2010, Trinorth disposed of its investment in CIC Energy for net proceeds of $425,758 which resulted in a net loss of $29,047. In April 2010, Saber Energy Corporation merged with Talon Metals, a TSX listed company and Trinorth sold the majority of its shares in Talon for $370,500.

Total assets at March 31, 2010 stood at $6.2 million compared to $6.67 million at December 31, 2009.

The interim financial statements and Management’s Discussion and Analysis for the period ended March 31, 2010 have been filed at www.sedar.com.

The Manager will hold a conference call on Monday, July 19th, 2010 at 11:00 a.m. to provide investors and their investment advisors with an update on the activity in the investment portfolio to be followed by a question and answer session. Call in details:

Dial in number: 416-695-7806 / 888-789-9572 / 800-6578-9818

Passcode: 7431881

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

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