Smart Investment - mexicomike.ca

[moonshot5]

Heavy insider buying on PFN-T by Harry Barr. There was one day where 2,600,000 shares traded this week. I wonder if he was involved in that.

Sep 17/09 Sep 11/09 Barr, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $0.110
Sep 17/09 Sep 10/09 Barr, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.105
Sep 17/09 Sep 11/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 122,000 $0.105
Sep 17/09 Sep 11/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.110
Sep 17/09 Sep 09/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.110
Sep 17/09 Sep 10/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 44,000 $0.100
Sep 17/09 Sep 10/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 95,000 $0.105
Sep 17/09 Sep 08/09 Barr, Harry Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.105
Sep 09/09 Sep 02/09 Barr, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.090
Sep 09/09 Sep 01/09 Barr, Harry Direct Ownership Common Shares 10 - Acquisition in the public market 55,000 $0.090
_________________
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly." Cicero

[Vic Smith]

The west side of their Coldwell Complex claims near Marathon Ontario abut against Canadian Internationals Minerals Deadhorse Creek property IMO one of the best REE prospects in Canada. Lake sediment work that they did for PGM`s got some very high lanthanum numbers and they should re evaluate them. could be interesting.
Vic
_________________
This isn`t investing its speculating.

[waldipup]

http://www.pfncapital.com/s/Ne.....tID=342581


Pacific North West Capital Corp. acquires 100% ownership of Glitter Lake PGM Project, Quebec




March 26, 2009. Vancouver, BC -- Pacific North West Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) -- Pacific North West Capital Corp. (the "Company") is pleased to announce that it has signed an acquisition agreement with CanAlaska Uranium Ltd. (CVV:TSX.V) whereby CanAlaska has assigned a 100% interest in the Glitter Lake Platinum Group Metals (PGM) property to PFN. Under the terms of the agreement dated January 30, 2009, PFN will assume CanAlaska's remaining lease obligations on shared office premises to the end of the lease term of November 2010. As a result of the new agreement, the original option agreement between PFN and CanAlaska dated August 15, 2003, as amended April 30, 2006, and April 1, 2008, has been terminated.

CanAlaska shall retain a 0.5% Net Smelter Return Royalty (NSR) on the Glitter Lake property, such royalty to be formally registered in the Province of Québec. This NSR is in addition to the existing 1.5% NSR payable to a third-party.

About the Glitter Lake Property

The Glitter Lake Property is located adjacent to the Horden Lake copper-nickel deposit, which is situated approximately 140 kilometers northeast of Matagami, Québec. The Horden Lake deposit, currently being re-evaluated by Southampton Ventures Inc., hosts a non-NI-43-101 compliant in situ geological resource estimated at 1,238,333 tonnes probable reserves averaging 1.91% copper (Cu), 0.40% nickel (Ni) and 4,365,428 tonnes possible reserves averaging 1.27% Cu and 0.38% Ni. (Watts, Griffis and McOuat, 1993). The deposit occurs at the base of a meta-gabbroic intrusion. PFN's Glitter Lake property covers the north-eastern and south-western extensions of this intrusion.

An Induced Polarization (IP) survey was completed on the Glitter Lake Property by CanAlaska in 2003 (see CanAlaska press release dated August 29, 2003). Grab samples obtained by Canalaska from meta-gabbroic rocks in the vicinity of IP anomalies identified in the survey returned significant platinum (Pt), palladium (Pd), nickel (Ni) and copper (Cu) anomalies. Selected assay results for grab samples are summarized in Table 1 (see CanAlaska press release dated August 29, 2003).



To date, <11km of the eastern contact of the prospective meta-gabbroic sill has been explored. A program of airborne and ground geophysics has been recommended to further refine the regional geology and to define diamond drilling targets.

A joint venture partner is being sought to further explore the Glitter Lake Project.

About Pacific North West Capital Corp:

Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.

Pacific North West Capital Corp. is well funded, has an experienced management team and has the ability to take advantage of the tremendous acquisition opportunities presented by current market conditions. The Company's focus is to acquire advanced stage precious metals projects and to continue to expand its Platinum Group Metals and base metals division.

Pacific North West Capital Corp. has approximately $6.5 million in working capital and securities.



On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO

For further information, please contact our Investor Relations Department at Toll Free 1-800-667-1870

[Geo Dale]

Maps are viewable at the link. Of the several projects PFN is working on, this one may be the first to yield some really interesting drill results, IMHO. The river was previously worked for about 2 million ounces of placer PGMs, and there is a town at the ocean inlet called "platinum".....so, I'm hoping for some "goodnews", (please excuse my alliteration in these bleak times for our stocks).

http://www.pfncapital.com/i/pdf/060308PFN.pdf


Pacific North West Capital and Stillwater Mining Commence
$1,000,000 Drill Program ‐ Goodnews Platinum Project, Alaska
June 3, 2008, Vancouver, BC – Pacific North West
Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF;
Frankfurt: P7J) is pleased to report that a $1,000,000 drill
program has commenced on the Goodnews Bay
Platinum Project (“GPP”). The objective will be to drill
two established targets and to define additional new
platinum mineralization. The Last Chance and Susie
West prospects have been delineated as drill targets for
the exploration program. (See map)
The company will also continue its soil‐rock interface
sampling program on Suzie Mountain, to expand on
existing drill targets and test additional ground which
was beyond the 40 foot depth limit of the soil auger
drilling rig utilized in 2007.

Last Chance

Outcrop rock sampling has defined the Last Chance
prospect located on Red Mountain at the head of Dowry
Creek, a past producing platinum placer stream The
bedrock platinum anomaly measures 650 meters north ‐
south by 175 meters east ‐ west. The prospect has a vertical exposure of 50 meters with platinum enriched
chromium iron (Cr‐Fe) oxides outcropping in dunite between elevations of 380 ‐ 430 meters. Platinum
grades are variable and range up to 2.27g/t. Within this prospect there are also platinum and palladium
enriched magnetite ‐ clinopyroxene veins cutting the dunite. Platinum/palladium ratios are near 1 which
clearly differentiates this magnetite in clinopyroxene hosted mineralization from the chromite in dunite
hosted mineralization that has much higher platinum/palladium ratios.

Susie West

Assay results from auger sampling
conducted on Susie Mountain has
defined a platinum anomaly in basal
mineral soils derived from
clinopyroxene rich rocks. A 50 meter
by 100 meter sampling grid has
defined a >50 ppb platinum soil
anomaly with grades up to 432 ppb
platinum. This basal soil platinum
anomaly is open to the west. Susie
Mountain and Red Mountain are a
single intrusion that has been
dissected by the Salmon River Fault.
The Susie Mountain portion of the
intrusion is at a lower erosional level.
This means that the recently discovered platinum mineralization at the Susie west prospect is hosted in
rock that may retain platinum mineralization which has been eroded from Red Mountain to form the
Salmon River platinum placer.

Goodnews Platinum Project

PFN and Stillwater Mining Company (Stillwater)
(NYSE: SWC) are exploring the lode platinum
potential of the Goodnews Bay Ultramafic Intrusion,
the proposed source for the Salmon River platinum
placer deposit. PFN has an agreement with Calista
Corp, which controls the subsurface estate
surrounding the Salmon River, to explore for and
develop a potential lode platinum deposit. An
outcrop and basal soil sampling program was
conducted in July 2006 and June‐July 2007 which
resulted in the definition of drill targets at both Red
Mountain and Susie Mountain.
Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50%
interest in GPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an
additional $8 million in exploration expenditures within an additional two year period or upon
completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by
arranging for 100% of the project financing required to place the Property into Commercial Production
within an additional three years.

News Release June 3, 2008
On behalf of the Board of Directors
Harry Barr
President & C.E.O.
The GPP option agreement was approved by Calista Corporation in December 2007. Calista Corporation
is the second largest landowner of 13 regional Alaskan Native corporations formed in 1971 under the
Alaska Native Claims Settlement Act (ANCSA). Calista Corporation’s land entitlements exceed 6.5 million
acres in Southwest Alaska and contain several significant mineral occurrences, including Goodnews Bay
(platinum) and Donlin Creek gold project (29.38 million ounces Measured and Indicated and 3.46 million
ounces Inferred). For more information about Calista visit their website www.calistacorp.com.

Stillwater Mining Company – Strategic Shareholder

On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million
private placement. In 2007 / 2008, Stillwater followed their position by participating in three additional
private placements and currently holds approximately 9.5% of Pacific North West Capital Corp.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration
company focused on Platinum Group Metals (PGMs) and Base Metals. Management’s corporate
philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint
venturing projects with major mining companies through to production. To that end, Pacific North West
Capital’s current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company,
Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $10 million in working capital and securities.
The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.
Disclaimer: This news release may contain certain ʺForward‐Looking Statementsʺ within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward‐looking statements that
involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from
the Companyʹs expectations are disclosed in the Companyʹs documents filed from time to time with The Toronto Stock Exchange, British Columbia
Securities Commission and the United States Securities & Exchange Commission.
Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@pfncapital.com, or visit www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[waldipup]

Surprising to see the price drop when already below the PP price.
Guess it's the general downtrend.

I pulled an order at .41 to add to position-

Will re- enter in .30's next week.

[Geo Dale]

http://africa.reuters.com/wire.....B9039.html

S.Africa's Eskom says force majeure possible
Tue 18 Mar 2008, 6:26 GMT
[-] Text [+]

JOHANNESBURG (Reuters) - South Africa's electricity utility Eskom [ESCJ.UL] said on Tuesday it may have to inform mines of a force majeure if more of its generators trip, Eskom spokesman Andrew Etzinger told Johannesburg's Talk Radio 702.

"There is a concern that if we see additional trips we will once again have an unstable grid and we will have to inform the mines and other major industrial customers of a force majeure situation," he said.

About nine generators have failed over the past few days, 702 reported.

© Reuters 2008. All Rights Reserved. | Learn more about Reuters
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[waldipup]

Press Release Source: Pacific North West Capital Corp.


Pacific North West Capital Corp. - $3,500,000 Non Brokered Private Placement
Monday March 17, 4:15 pm ET


VANCOUVER, March 17 /CNW/ - Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News). Pacific North West Capital Corp. (the "Company") wishes to announce the following:
ADVERTISEMENT


A non-brokered private placement of up to 6,000,000 flow-through units at a price of $0.50 per unit for gross proceeds of up to $3,000,000. Each unit will consist of one flow-through share in the capital of the Company and one-half of one non-transferable, non flow-through share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional non flow-through common share of the Company for a period of twelve months from the closing date at a price of $0.60 per share.

The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling and exploration on the Company's PGM and Nickel projects in Saskatchewan, Ontario, NWT and Quebec.

A non-brokered private placement of up to 1,000,000 units at a purchase price of $0.50 per unit for gross proceeds of up to $500,000. Each unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant, each whole Warrant entitling the holder thereof to purchase one additional common share of the Company for a period of twelve months from the closing date at a price of $0.60 per share.

The proceeds from the private placement received from the sale of the units, will be used for the acquisition of additional platinum group metal and nickel projects and working capital.

A finder's fee may be paid.

The foregoing is subject to regulatory approval.

About Pacific North West Capital Corp.

--------------------------------------

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a project generator, explorer and project operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, First Nickel, Benton Resources and SOQUEM.

PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.


On behalf of the Board of Directors

(signed)

Harry Barr
President and CEO

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information

Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3



--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

[Geo Dale]

Pacific North West Capital Acquires New PGM Project in the Coldwell Complex, Ontario
08:00 EDT Tuesday, March 11, 2008



<<Acquisition>>


TSX: PFN OTCBB: PAWEF Frankfurt: P7J


VANCOUVER, March 11 /CNW/ - Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J). Pacific North West Capital is pleased to announce that it has completed the acquisition of a NEW PGM project in the south west contact of the Alkaline Coldwell Intrusive. The Coldwell Complex hosts a number of Platinum Group Elements (PGE) and copper showings and occurrences. The project is composed of nine claims (122 units) and has been designated as Part of the Coldwell PGM Project. The Project is 100% owned by PFN and is situated approximately 215 km north east of the city of Thunder Bay, 10 km north of the town of Marathon, and 40 km west of the prolific Hemlo Gold Camp.


To view map image click on the link:

http://www.pfncapital.com/s/Ne.....tID=290387


A 3,100 line kilometre VETM airborne survey was flown by Geothech Limited of Aurora, Ontario to enhance and better define mineralized zones and structures of the Coldwell Complex. The Michano Project contains copper showings up to 0.75% and nickel showings up to 0.35% with anomalous platinum (200ppb), gold (400ppb), chromium (0.11%), and titanium (5.39%) in the vicinity along the Coldwell contact, in a similar geologic environment to the Marathon PGM deposit.

An extensive oxide (magnetite) gabbro unit in contact with the copper showing has not been evaluated for PGE mineralization, and this is an environment in which Marathon PGM and Benton have identified PGE values to the east and northeast parts of the Coldwell. This is a showing that has seen limited exploration over the past number of years and is contiguous with PFN's claims along the West side of the Coldwell.

Numerous sulphide showings containing lead, zinc and silver have been identified immediately west of the Coldwell contact in mafic volcanics. Lake bottom sediment sampling results in two different surveys have returned distinctly anomalous palladium (10.3ppb), platinum (3.9ppb), copper (331ppm), and chromium (40ppm) values in the immediate vicinity of the copper showing along the Coldwell contact.

The Coldwell hosts Marathon PGM Corporation PGE deposit of a NI 43-101 Measured and Indicated resource of 81.4 million tonnes at 0.86gpt palladium, 0.26gpt platinum, 0.09gpt gold, and 0.29% copper on the eastern contact of the Coldwell Intrusive as well as the Benton PGE Bamoos occurrence (drill intersections of 1.74gpt (3E (Pt,Pd,Au) with 0.28% Cu over 29.3m) (See Marathon PGM Corporation's press release dated November 29, 2007).


About Pacific North West Capital Corp.

--------------------------------------

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, First Nickel, Benton Resources and SOQUEM.

PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.


The company has over $8 million in working capital and securities.


The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.


On behalf of the Board of Directors


(signed)


Harry Barr

President and CEO


The Toronto Stock Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.


For further information: Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[waldipup]

Press Release Source: Pacific North West Capital Corp.


Pacific North West Capital Corp. & SOQUEM Agree to Phase III PGM Budget
Wednesday February 27, 9:28 am ET


<<Evaluations>>
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Feb. 27 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) - is pleased to announce that it has received a final report for the 2007 work on the new Cheneville claim group in the Province of Québec, over conductive trends defined by an airborne EM and magnetic survey. A new sulphide mineralized showing associated with a mafic intrusion has been identified on the property approximately 18 kilometres west of the original Cheneville showing (average 1.17gpt Pd, 0.14gpt Pt, 0.29gpt Au, 1.62 Cu, and 0.35% Ni). Additional work in 2008 will be required to determine the extent and grades of this new occurrence. This is part of a cooperation agreement with SOQUEM INC., a company devoted to mineral exploration in the Province of Québec.
ADVERTISEMENT


The Taureau reconnaissance program continued to evaluate mafic intrusions for PGM mineralization in a defined Area of Mutual Interest (AMI) within the Grenville Province of Québec during 2007 (phase 2). A $370,000 Phase III program has been recommended and approved to complete the evaluations of the originally identified mafic intrusions in the AMI.

SOQUEM is acting as manager of the 50/50 Cooperation Agreement. The parties have equal representation consisting of two members each on a Technical Committee responsible for setting programs, budgets, and schedules.

In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration within the AMI.

About SOQUEM INC.

-----------------

SOQUEM INC. is a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"). The mission of the SGF, an industrial and financial holding company, is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Québec. SOQUEM's head office is located in Val d'Or, with a regional office in Chibougamau.

About Pacific North West Capital Corp.

--------------------------------------

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, First Nickel, Benton Resources and SOQUEM.

PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.

Pacific North West Capital Corp. has over $8 million in working capital and securities.

The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital Corp.


On behalf of the Board of Directors

(signed)

Harry Barr
President and CEO

[Jaco]

February 21, 2008
Harry Barr Puts Pacific North West Capital At The Forefront Of PGM Exploration In Canada
By Charles Wyatt

Hardly surprising that Canadian listed Pacific North West Capital has decided to switch its focus back onto platinum group metals. Recently it appeared that nickel might take up the running, but now that platinum has broken through the US$2,000 per ounce barrier and palladium is pushing up towards US$500 per ounce - both a long way north of where they were in 2005 and 2006 - there is not much choice.
Ironically, Anglo Platinum is the company’s joint venture partner at the River Valley project near Sudbury in Ontario and poor old Anglo Platinum has just had to announce that it will lose around 150,000 ounces of platinum production this year due to power shortages in South Africa. As this amounts to 2.25 per cent of total world production it is little wonder that the metal price has gone into orbit. Not that this trend will be without setbacks. There was evidence of profit taking earlier in the week, while the imposition of clearing margin deposits by the Tokyo Commodity Exchange after an increase in price volatility, is also taking a toll.

Metals prices have to be viewed over a year or two to discern underlying trends, so it is interesting to read Rio Tinto’s views, particularly those pertaining to North America. Vivek Tulpulé, its chief economist, writes, “it is arguable that even as negative sentiment in relation to the US economy and credit markets has continued to increase in 2008, the market’s perceptions about the fundamentals in most resource markets do not appear to have been much affected.” In other words the outlook is still bullish as the US becomes decoupled from the rest of the world. It’s also worth bearing in mind that the power problems in South Africa will not be cured in a month or two, or even a year or two. A historic lack of government support and funding means that it will take ten years or more to bring that country’s power industry up to scratch.

Anglo Platinum will therefore be redoubling its efforts to find more new sources of platinum group metals, and, as a tried and tested partner Pacific North West Capital is in a strong position to take advantage. The two companies have been working together since 2000. At that time Pacific North West was exploring Agnew Lake, said to be the best preserved of the four large intrusions which comprise the East Bull/River Valley Suite. Agnew Lake is some 60 kilometres west of Sudbury in Ontario, whereas the other key property, River Valley, is a similar distance to the north east. Agnew Lake covers most of the layered Shakespeare-Dunlop mafic intrusion, which is of similar age and composition to that of the River Valley layered intrusion. These days River Valley is making most of the running. The two partners operate on a 50:50 basis, but Anglo Platinum can take its interest up to 60 per cent by taking the project to feasibility and to 65 per cent by taking it to production.

According to Pacific North West’s president Harry Barr, a total of US$22 million has been spent on the River Valley project by Anglo Platinum - so it’s not playing games. As a result of all this work the current resource in the indicated and inferred categories amounts to 30.5 million tonnes containing 953,900 ounces palladium at an average grade of 0.97grammes per tonne, 325,500 ounces platinum at 0.34 grammes per tonne, and 59,500 ounces of gold at 0.061 grammes pert tonne. Quite modest and not very high grade, but it still has a lot going for it when compared with the Bushveld Complex. Before it was taken over by Impala in a £297m deal last year, Aim-traded African Platinum had resources of around 100 million ounces of platinum group metals, but production was a big ask, entailing sinking twin shafts 1,300 metres to intercept the UG2 reef.

River Valley is a very different proposition. Some high grade zones have already been established and one of the tasks to be carried out this year, according to Harry Barr, is to decide whether these zones can be mined efficiently and whether it would be economically viable to transport the ore direct to a smelter in Sudbury. Cash flow would transform investor perception of the company, and Harry points out that both North American Palladium and Stillwater - the only platinum group metals producers in North America at present - have seen their shares double in recent weeks as metals prices advanced. Two other priorities for 2008 will be to carry out some deeper drilling as far down as 500 metres to test for increasing grade, as well as carrying out more aggressive infill drilling across the property. There is a possibility that the mineralization currently identified may just be the near surface expression of something many times bigger with higher grades and different styles of mineralization.

Mention of Stillwater is appropriate as Pacific North West also has a joint venture with that company at the Goodnews Bay platinum project in Alaska. In the past this area has had a history of placer production, and the partners are now seeking the source rock by drilling targets identified in 2007. Stillwater is due to spend US$4 million by 2010 to earn a 50 per cent interest and can go up to 65 per cent if it arranges finances to take the project into production.

But this isn’t the sum total of Pacific North West’s involvement in platinum group Metals Exploration. It is also looking for projects elsewhere in Alaska and has recently acquired one on the Coldwell Complex, near Marathon in northern Ontario, on the largest composite alkaline intrusive complex in North America, a complex which has much in common geologically with the Bushveld Complex in South Africa. Last, but not least is the joint venture agreement with SOQUEM to research platinum properties in Quebec.

Harry Barr’s strategy to place his company at the forefront of platinum group Metals Exploration in North America is therefore paying off - at an ideal moment. This is true also from a personal viewpoint as he has shed his management responsibilities at CanAlaska Uranium, Freegold Ventures and El Nino Ventures over recent months, and is now free to concentrate on the platinum metals which have long been close to his heart. Pacific North West may be the last play in which the great promoter appears, but it could be the one for which he will be remembered.
http://www.minesite.com/nc/min.....ada/1.html

[Geo Dale]

Author: By Dorothy Kosich
Posted: Wednesday , 20 Feb 2008

As South African PGM production stumbles, North American PGM miners and explorers may be, at long last, engaging in their own version of Peanuts icon Snoopy's Happy Dance.

What used to be the curse of palladium-heavy PGM deposits found in North America and the northern hemisphere may now be a blessing as auto makers and other industrial consumers seek an alternative to platinum as the metal soars past the $2,100/oz mark.

South Africa's power woes, which have crippled precious metals miners, have recently attracted the lion's share of attention in the international financial media, strengthening institutional investors' already growing fondness for palladium. But, North American PGM producers also worry that soaring palladium prices could harm a scenario now unfolding which may finally earn palladium more respect.

On January 31, well-respected North American metals analysts John Bridges of JPMorgan declared that "a perfect storm" may exist for palladium. By February 13, he issued a warning that the "gravity of the situation is only gradually being realized. There are minimal inventories of platinum and highly regulated uses in emissions control that is responsible for about half of total demand. Demand will have to be rationed by price to the critical users."

"Higher prices will direct the PGMs to the critical users, and this will help, but economic growth and advance of emissions controls will require more metal each year," he warned.

On February 12, New York-based commodities research group, CPM suggested that while many investors may be aware of the use of platinum, palladium and rhodium in automotive catalytic converters," they may not be aware that these metals are also used in catalysts to clean up pollution from factories, smaller shops, dry cleaners, and other stationary sources of harmful emissions." CPM went on to highlight PGMs' uses in petroleum refining, chemical process catalyst for plastics, explosives, cleaners, medicine and other products. PGMs are also used in a wide range of electronic products.

"This combination of critical industrial applications and scarce resources make these metals expensive. As the world economy continues to grow at a rapid place-even in the face of a temporary U.S. economic slowdown-the need for increasing volumes of PGMs expands," according to CPM.

"Supplies meanwhile are hard to find and slow to develop. Much of the PGMs currently mined in the world are mined in South Africa, where a series of mine accidents, weather problems, labor disruptions, and, as of early 2008, power shortages and outages are disrupting supplies.

"Added to this mix is the fact that institutional investors, seeking portfolio diversification at a time of weak equity prices, low interest rates, and volatile financial markets, have viewed the rising PGM prices with desire, and are buying physical metals for their portfolios," CPM said.

Dr. Edel Tully, Mitsui & Co. Precious Metals of London, recently cautioned that "auto companies face a nightmare situation. Will manufacturers concentrate on thrifting their platinum requirements and intensify their focus towards palladium substitution?" Palladium is a full substitute metal for platinum in gasoline auto-catalysts and a partial substitute for auto-diesel catalysts.

Tully suggested "that it is very likely that senior management will not be able to ignore such a market, and any remaining auto manufacturers that still use platinum in gasoline engines will adapt their methods. In many cases, auto companies alter their PGM loadings on the occasion of new launches." In Europe, major automobile manufacturers such as BMW and Mercedes have already made the switch to diesel engines for EU nations. Now BMW diesel standard and hybrid cars are being introduced to U.S. markets.

JP Morgan's Bridges noted that Russian sales into Switzerland "are beginning to suggest that government sales of Russian metals stocks are running down. [Russia has been a prime supplier of palladium, nickel and other related metals] Now what if the Russian sales end at the same time as South African sales of both platinum and palladium slow?"

Earlier this month, Base Metals & Minerals Analyst George Topping of Blackmont Capital suggested that the estimated inventory of Russian palladium in Zurich "still exceeds 7.0 million ounces, which, if true, is sufficient metal to allow the Russians to continue to control palladium prices. We believe the price differential to platinum will accelerate the substitution where possible. In addition, has now been seven years since the Russians destroyed the market by withholding supply and driving the palladium price to over $1,000/oz. It typically takes about seven years to demand to return after such an event as evidenced by a similar event in the rhodium price in the nineties."

Stillwater President and CEO Frank McAllister, the chief U.S. spokesman on all things palladium, suggests that jewelry manufacturers and others may actually be driven away not only from the high price of platinum, but also from the soaring price of gold. Mitsui's Tully has already predicted that jewelry demand could suffer "a much quicker death" in the face of record platinum and gold prices.

HAPPY DANCE FOR NORTH AMERICAN MINERS

In a discussion with Mineweb, McAllister noted these and other significant developments, which may actually benefit North American PGM miners and explorationists. While the current Eskom power woes are making headlines in South Africa, McAllister suggests that the same shortage of miners and experienced mine managers to run mines in South Africa could mean big trouble for the nation's domestic PGM producers.

Meanwhile, McAllister has already watched Stillwater Mining shares increase 75% during the past few weeks.

President and CEO Harry Barr and his management team at Pacific North West Capital (TSX: PFN) recently told Mineweb that new uses of palladium in pellets in breast and pancreatic cancer treatment have also opened horizons for North American PGM investment. They estimated that about 50% of palladium has been purchased through ETFs.

Interest has steadily increased in North American PGM exploration and the palladium-rich northern hemisphere. A joint venture project between Anglo Platinum and Pacific North West Capital in Sudbury, Ontario, is attracting quite a bit of interest. With a palladium-platinum ratio of 3:1, Pacific North West Capital's 43-101 resources calculated 8.53 million tonnes containing 353,200 ounces of palladium, 116,800 ounces of platinum and 39,000 ounces of gold."

In his recently published outlook letter, Barr said that "the price of palladium is also a major factor for the River Valley Project and any major increase in Palladium will positively affect the project's economics." A longtime North American PGM explorer, Pacific North West Capital has attracted key institutional shareholders including Stillwater Mining, BAC Platinum and Pinetree Capital.

Spiros Cacos, Manager, Investor Relations for PFN, told Mineweb that shares which normally trade from 30,000 to 50,000 are now trading at a brisk 334,000 shares this week.

Meanwhile, Blackmont Capital initiated coverage of the Marathon PGM Group (TSX: MAR) earlier this month. In his analysis, George Topping noted, "There are very few investment vehicles for Platinum Group Metals (PGM) exposure, albeit with a sizable copper by-product outside of Africa. Being located in Ontario is an advantage as both Xstrata and CVRD have smelter capable of processing Marathon's poly metallic mix."

"With the election of Jacob Zuma as President-Elect coupled with an increasing crime rate and an infrastructure under stress, we believe the short to medium term outlook for South Africa is very negative. Consumers will encourage the production of non-South African supply," Topping predicted.

Marathon PGM is developing its Marathon PGM-Cu Project about 10 km north of the town of Marathon in northern Ontario. There are several active mines in the general area, that are wrapping up their mine life, which may free some mill equipment and a skilled labor force for the project, according to Blackmont. A resource update is expected this year, along with a definite feasibility study. Blackmont anticipates that production will begin in early 2011 and yield 46.2 million pounds of copper, 180,000 ounces of palladium, 43, 600 ounces of platinum and 12,400 ounces of gold annually.

....and to keep Muskoka happy, here is the link to the article:

http://www.mineweb.com/mineweb.....;sn=Detail
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[Geo Dale]

Latest message from company president Harry Barr.

http://www.pfncapital.com/i/pd....._jan08.pdf

PFN was up about 25% today.....
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[Geo Dale]

Thanks for the update on the JV with Benton Resources, Waldi. Benton is a well known Canadian project generator, and the Abitibi Greenstone belt is where it is happening in Ontario, along with the Red Lake area.

This new JV with Benton in a geologically promising area can only add additional value to PFN if a resource can be proven up.

My prediction for some time has been there will be a PGE rush in Ontario-Quebec which will surprise many folks here....Due in part to a great deal of focus on Mexico here....after all, it's Mexico Mike's website! Ontario was never thought of for producting diamonds in the past, and it will be the same with the PGE. Other speculative Ontario-Quebec PGE plays I also currently own are NRN, HMI, and ELO.

Quietly, and without much fanfare, all three of the South African PGE Majors have started JV with Canadian juniors in Ontario.

Lonmin has a JV with MAR.TO, Anglo has a JV with PFN, and Impala has a JV with NRN.

However, now the supply/demand issues with the PGE, and the ongoing infrastructre problems in South Africa may create an ideal investment climate for PGE exploration plays up north.

Will this play also go down the tubes if the investment outlook for juniors continues to tank? ....I can only offer the following quote from the Rolling Stones, and the fact that Platinum has hit a record high price today:

"Time....Time....Time...is on my side"

Platinum Passes $2,000 for First Time on South Africa Shortfall By Claudia Carpenter and Halia Pavliva

Feb. 13 (Bloomberg) -- Platinum surpassed $2,000 an ounce for the first time in London and New York after mining disruptions in South Africa squeezed supplies at a time of increased demand.

Platinum for immediate delivery gained as much as $89.75, or 4.7 percent, to $2,001.25 an ounce in London. It traded at $1,974.50 an ounce as of 4:49 p.m. local time.

Platinum futures for April delivery rose $54.70, or 2.9 percent, to $1,976.50 an ounce at 11:46 a.m. on the New York Mercantile Exchange after reaching $2,001.40 earlier, the highest ever for a most-active contract.

``Platinum's surge in price is reflecting the difficult mining conditions that have left producers to cut production forecasts in a market that already is experiencing a deficit,'' said Ralph Preston, a senior market analyst at Heritage West Financial Inc. in San Diego. ``Producers cannot meet demand.''

Prices have advanced for six years as mines in South Africa, source of about three-quarters of the world's platinum, couldn't keep pace with soaring demand from jewelers and automakers. New investment products have added to the squeeze.

``I'm getting a lot of calls asking, `How do I invest in platinum?','' said Derek Engelbrecht, a marketing executive of Johannesburg-based Impala Platinum Holdings Ltd., the world's second-largest platinum producer. (My comment, buy shares in PFN and NRN !!)

South Africa Supplies

South Africa's state utility, Eskom Holdings Ltd., has asked miners and other industrial customers to cut power use to 90 percent of normal needs. Most of South Africa's mines were shut for five days last month after Eskom ran short of generating capacity.

``The market is saying it doesn't believe we can get this power consistently,'' Engelbrecht said. He estimates annual production was reduced by no more than 100,000 ounces from the power cuts. Barclays Capital director Martyn Whitehead estimates the output cut for the full year at as much as 500,000 ounces.

Assets in platinum-backed shares created by ETF Securities Ltd. represent about 5 percent of annual global production, the company said Feb. 5. Those and similar products have taken about 211,000 ounces off the market since Nov. 1, UBS AG estimated. Supply fell short of demand by 265,000 ounces last year, according to London-based metals trader Johnson Matthey Plc.

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net ; Halia Pavliva in New York at hpavliva@bloomberg.net .
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes

[waldipup]

"Edited.....excuse screaming font used previously, suppose I should proofread better.... "

Or , as the Spoonful would have put it -

" You didn't have to print so bold ,

I would have seen it anyway" -

Like here, back in December:

"My pick is Pacific Northwest Capital - PFN, exploring for platinum group elements (PGE) and Nickel from Alaska to Labrador. PFN has a JV with Anglo Platinum, in the area east of Lake Nipigon.....right in the backyard of our Ontario members, but no one seems to be paying any attention to platinum here.

PFN also has a JV with Stillwater Mining, the largest producer of palladium in the US. Stillwater and PFN are looking for PGE in Goodnews Bay, Alaska. Stillwater owns about 13% of PFN which is also an endorsment. PFN actually generates some revenue internally from investments. They are fully cashed up for 2008. PFN is also looking for a Voisey's Bay look-alike in Labrador, and they have the support and partnership with SOQUEM in Quebec. Couple of other nickel projects in Manitoba.

All that for 29 cents! "

-------------------------------------------------------------------------------






Press Release Source: Pacific North West Capital Corp.


Pacific North West Capital Corp. and Benton Resources Corp. Sign a Join Venture Agreement to Explore the Swayze Greenstone Belt for Ni-Cu-PGM Mineralization
Tuesday February 12, 8:00 am ET


TSX: PFN OTCBB: PAWEF Frankfurt: P7J
VANCOUVER, Feb. 12 /CNW/ - Pacific North West Capital Corp. ("PFN") (TSX: PFN - News) and Benton Resources Corp. (TSX.V : BTC) ("Benton") are pleased to report that they have entered into a Joint Venture (JV) agreement to undertake exploration on the Swayze Nickel Project. The Swayze Joint Venture Project is situated in the Swayze Greenstone Belt, approximately 100km south-west of Timmins, Ontario and incorporates some fifty townships. The Swayze Greenstone Belt represents the western extension of the Abitibi Greenstone Belt, which is the host to numerous ultramafic-hosted Ni deposits including the producing Redstone Mine (Liberty) south of Timmins as well as the newly discovered Golden Chalice Occurrence.


The Swayze Joint Venture Project was initiated by both companies to include each of their property holdings within the project area. These holdings will continue to grow through the staking and optioning of selected properties that have the potential to host nickel, copper, and PGM mineralization within the belt. Exploration programs will be designed to identify and test priority areas within the project boundaries. The Swayze is underlain in several areas by ultramafic flows and intrusions, some of which host historical nickel showings including the Joint Ventures' Tooms Showing which has historically reported 2.5% Ni over 1.6m within a drill intersection of 0.63% Ni over 7.3 metres.

Pacific North West Capital and Benton have entered into a 50% - 50% Joint Venture Agreement whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all mineral exploration for a three year period, totalling a minimum of $1,200,000.

Benton will act as Operator for the project and will be responsible for carrying out all exploration activities.

About Benton Resources Corp:

Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.

About Pacific North West Capital Corp:

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and SOQUEM. The company has approximately $9 million in working capital and securities with no debt.


On behalf of the Board of Directors

(signed)

Harry Barr
President and CEO

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information

Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3



--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

[Geo Dale]

This is one of my long term holds in the platinum exploration venue. Electric power supply problems in South Africa are a contributing factor to the already short supply of the PGE, and will remain so for the near term. I see less "political" issues and/or manipulation with the platinum market compared with gold. As most here know, I'm very bullish on the outlook for the PGE sector.

Edited.....excuse screaming font used previously, suppose I should proofread better....

(CNW) Pacific North West Capital and Stillwater Mining Budget $1 million for Drill Program - Goodnews Platinum Project, Alaska
08:00 EST Thursday, February 07, 2008



<<Platinum>>


VANCOUVER, Feb. 7 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) is pleased to report assay results from the 2007 sampling from the Goodnews Platinum Project JV (GPP). 2007 field activities commenced in June with a six person team collecting 651 grab rock outcrop samples, 26 coarse wash pan concentrate samples, and 110 auger soil samples. The 2007 GPP exploration program has identified numerous areas of lode Pt mineralization in the uplands surrounding the Salmon River drainage. The Goodnews Bay Mine produced 650,000 oz of placer platinum from the Salmon River and its tributaries from 1927 through 1978. During this period the Goodnews Bay Placers was the primary platinum producer in the United States.

Assay results from the 2007 outcrop sampling program range up to 2.3 ppm platinum. Clusters of outcrop samples greater than 100 ppb platinum are located on both Red Mountain and Susie Mountain. Assay results from basal soil samples range from below detection to 432 ppb platinum, with a cluster of samples with greater than 50 ppb platinum located at the SW flank of Susie Mountain.

Based on assay results from 2006-2007 grab rock outcrop samples and basal soil samples, three prospects (Last Chance, Susie West, and Rock Mite) have been delineated as drill targets for the 2008 exploration program. (See map at http://www.pfncapital.com/s/Ne.....tID=285006)

A $1,000,000 exploration budget has been approved for 2008 with the objective to drill one or more established targets and to define additional new platinum mineralization.


Last Chance

-----------

Outcrop grab rock sampling has defined the Last Chance prospect located on Red Mountain at the head of Dowry Creek, a past producing platinum placer deposit. The bedrock platinum anomaly measures 650 meters north - south by 175 meters east - west (Figure 1). The prospect has a vertical exposure of 50 meters with platinum enriched chromium iron (Cr-Fe) oxides outcropping in dunite between elevations of 380 - 430 meters. Platinum grades are variable and range up to 2.27g/t. Within this prospect there are also platinum and palladium enriched magnetite-clinopyroxene veins cutting the dunite. Platinum/palladium ratios are near 1 which clearly differentiates this magnetite in clinopyroxene hosted mineralization from the chromite in dunite hosted mineralization that has much higher platinum/palladium ratios.


Susie West

----------

Assay results from auger sampling conducted on Susie Mountain has defined a platinum anomaly in basal mineral soils derived from clinopyroxene rich rocks. A 50 meter by 100 meter sampling grid has defined a greater than 50 ppb platinum soil anomaly with a teardrop shaped area that measures 200 meters east-west by 35 meters north-south and contains samples that grade up to 432 ppb platinum. This basal soil platinum anomaly is open to the west. Susie Mountain and Red Mountain are a single intrusion that has been dissected by the Salmon River Fault. The Susie Mountain portion of the intrusion is at a lower erosional level. This means that the recently discovered platinum mineralization at the Susie west prospect is hosted in rock equivalent to what has been eroded from Red Mountain to form the Salmon River platinum placer. This discovery on Susie Mountain is very exciting and indicates the potential of the area to host lode mineralization in rocks that correlate to the lode source of the platinum placers on the west side of the Salmon River Fault.


Rock Mite

---------

This drill target is an area of outcropping wehrlite on the southwestern ridge of Susie Mountain. Outcrop grab rock sampling conducted in 2006 identified platinum values up to 334 ppb in veins containing magnetite within the wehrlite. Additional sampling in 2007 has expanded the known surface extent of mineralization to the north and south. Of the twenty outcrop grab rock samples collected in 2007, seven returned platinum values greater than 100 ppb, with a high of 603 ppb. The Rock Mite prospect represents another form of platinum mineralization identified on Susie Mountain in rocks that correlate to the lode source of the platinum placers on the west side of the Salmon River Fault.


Goodnews Platinum Project


PFN and Stillwater Mining Company (Stillwater) (NYSE: SWC) are exploring the lode platinum potential of the Goodnews Bay Ultramafic Intrusion, the proposed source for the Salmon River platinum placer deposit. PFN has an agreement with Calista Corp, which controls the subsurface estate surrounding the Salmon River, to explore for and develop a potential lode platinum deposit. An outcrop and basal soil sampling program was conducted in July 2006 and June-July 2007 which resulted in the definition of drill targets at both Red Mountain and Susie Mountain.

Under the terms of the Option Agreement, by spending $4 million Stillwater is entitled to earn a 50% interest in GPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.

The GPP option agreement was approved by Calista Corporation in December 2007. Calista Corporation is the second largest landowner of 13 regional Alaskan Native corporations formed in 1971 under the Alaska Native Claims Settlement Act (ANCSA). Calista Corporation's land entitlements exceed 6.5 million acres in Southwest Alaska and contain several significant mineral occurrences, including Goodnews Bay (platinum) and Donlin Creek gold project (14.8 million ounces Measured and Indicated and 13.6 million ounces Inferred). For more information about Calista visit their website www.calistacorp.com.


Stillwater Mining Company - Strategic Shareholder


On November 17, 2006, Stillwater acquired approximately 11% interest in PFN by completing a $2 million private placement. In 2007, Stillwater has participated in two additional private placements and currently holds approximately 10% of Pacific North West Capital Corp.


About Pacific North West Capital Corp.

--------------------------------------

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and SOQUEM.

PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.


Pacific North West Capital Corp. has approximately $9 million in working capital and securities.


The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.


On behalf of the Board of Directors


(signed)


Harry Barr

President & C.E.O.


The Toronto Stock Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.


For further information: Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
_________________
"Never doubt the ability of the markets to remain irrational far longer than you can remain solvent".... John Maynard Keynes