Exhibit 1
---------
Amended and Restated Joint Filing Agreement
This Amended and Restated Joint Filing Agreement, dated as of November 25, 2009
among Pinetree Resource Partnership ("Pinetree Resource"), Pinetree Capital
Investment Corp. ("PCIC"), Emerald Capital Corp. ("Emerald"), Pinetree Capital
Ltd. ("Pinetree Capital") and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ("Inwentash" and, together with
Pinetree Resource, PCIC, Emerald and Pinetree Capital, the "Parties"), amends
and restates the Joint Filing Agreement among Pinetree Resource, Genevest Ltd.,
Emerald, Pinetree Capital Ltd. and Inwentash dated as of April 26, 2006.
Each of the Parties hereto represents to the other Parties that it is eligible
to use Schedule 13G to report its beneficial interest in shares of common stock,
$0.0001 par value per share, of Bontan Corporation ("Schedule 13G") and it will
file the Schedule 13G on behalf of itself.
Each of the Parties agrees to be responsible for the timely filing of the
Schedule 13G and any and all amendments thereto and for the completeness and
accuracy of the information concerning itself contained in the Schedule 13G, but
not for the completeness or accuracy of the information concerning the other
Parties except to the extent it knows or has reason to believe that any
information about the other Parties is inaccurate.
PINETREE RESOURCE PARTNERSHIP
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Authorized Signing
Officer
PINETREE CAPITAL INVESTMENT CORP.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Chief Financial Officer
EMERALD CAPITAL CORP.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
---------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: President
PINETREE CAPITAL LTD.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title:Executive Vice President
and Chief Financial Officer
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
---------------------
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Page 11 of 11 pages