TriNorth Capital Announces Results for the Nine Months Ended September 30,
2010

TORONTO, Nov. 29 /CNW/ - TriNorth Capital Inc. ("TriNorth") (TSXV: TRT) today released its unaudited financial results for the nine months ended September 30, 2010.

During the third quarter of 2010, TriNorth recorded a net loss of $578,537 compared to a net loss of $156,004 in the third quarter of 2009. The net loss per common share was $0.004 for the third quarter of 2010 compared to a net loss of $0.001 for the third quarter of 2009. The net loss of $578,537 was the result of an unrealized loss on the investment in Wild Horse Farms & Bio-Energy Corporation of $651,292; an unrealized gain relating to the investment in Feronia of $252,450; and expenses for the three months in the amount of $179,695, net of miscellaneous interest income.

For the nine months ended September 30, 2010, TriNorth recorded a net loss of $839,203 compared to a net loss of $3,628,564 for the corresponding period in 2009. The net loss per common share was $0.006 for the first nine months of 2010 compared to a net loss of $0.024 for the corresponding period in 2009. The net loss of $839,203 was the result of a net realized gain on the sale of marketable securities of $6,524; an unrealized loss on the investment in Wild Horse Farms & Bio-Energy Corporation of $651,292; an unrealized gain relating to the investment in Feronia of $297,500; and expenses for the nine months in the amount of $491,935, net of miscellaneous interest income.

TriNorth had cash and cash equivalents of $475,704 at the end of the third quarter 2010. Total assets at September 30, 2010 were $5,631,396 as compared to $6,669,805 at December 31, 2009.

The interim financial statements and Management's Discussion and Analysis for the period ended September 30, 2010 have been filed at www.sedar.com. 

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.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00003606E

For further information:

John Pennal
President, TriNorth Capital Inc.
[phone]