Pacific North West Capital and Alto Ventures Significantly Expand Gold Potential and File NI43-101 Resource Estimate Report on SEDAR, Destiny Gold Project, Québec

VANCOUVER, March 7 /CNW/ --
TSX: PFN OTCQX: PAWEF Frankfurt: P7J.F

    --  Significant increases in contained ounces for the DAC Deposit,
        with approximately 364,000 ounces gold 'indicated' and
        approximately 247,000 ounces of gold 'inferred'
    --  All holes from 2010 drilling campaign intersect anomalous gold
        mineralization
    --  Four kilometres of strike potential identified by drilling
    --  Report recommends a $4M expansion drilling program

VANCOUVER, March 7 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN; OTCQX: PAWEF; FSE:
P7J) and Alto Ventures Ltd. ('ATV') (TSX-V: ATV) (together 'the
Companies') are pleased to announce the filing on Sedar of an NI43-101 Technical
Report (the Report), including a new Mineral Resource Estimate for the
DAC Gold Deposit, on the Destiny Project located near Val d'Or, Québec.
The Companies have also received final assay data for the 3-hole
exploratory drill program conducted in late 2010 and provide an update
on future plans to expand the mineral resource at the Destiny Gold
Project.

NI43-101 Mineral Resource Estimate Report

The Mineral Resource Estimate was initially reported in news releases
from the Companies on January 24, 2011. The Report was prepared by
Wardrop, a Tetra Tech Company (Wardrop) and incorporates over 7,600 m
of additional drilling that was completed on the deposit subsequent to
an earlier NI43-101 compliant resource estimate calculated by W. A.
Hubacheck Consultants Ltd and filed on SEDAR in 2007. The Wardrop report indicates that the additional drilling has expanded
the DAC Deposit and significantly increased the contained ounces of
gold over that which was reported in 2007.

At a cut-off grade of 0.5 g/t gold and using the Inverse Distance
Squared (ID2) estimation method, the five gold zones that make up the
DAC Deposit contain an Indicated Resource of approximately 10.8 million
tonnes with an average grade of 1.05 g/t gold (364,000 contained
ounces). In addition, the Inferred Resource totals approximately 8.3
million tonnes with an average grade of 0.92 g/t gold (247,000
contained ounces). The resources block considers the mineralization to
start at approximately 15 metres below surface down to a depth of 400
metres for the deepest zone (see Figure 1). The mineralization remains open below 400 metres. For details regarding the resource estimate methods and calculation
parameters used in preparation of the Report please see the news
releases issued from the Companies on January 24, 2011.

Mineral Resources are not Mineral Reserves and by definition do not
demonstrate economic viability.

To view Figure 1 please visit: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=446047

2010 Drilling Results

Results from the three-hole diamond drilling program completed on the
Destiny property in December were received. Each of the three drill
holes (DES10-139, 140 and DES08-113X) had a specific objective with
respect to defining controls on the mineralization at the Destiny Gold
Project. These are summarized as (1) to test selected Borehole
Electromagnetic (BHEM) conductors and assess the association of areas
of sulphide mineralization with gold mineralization, and (2) to test
for shallow gold mineralization to the south of the DAC deposit where
the recently completed high resolution magnetic survey identified
magnetic signatures similar to DAC (see news release dated December 16,
2010).

Previous drilling revealed massive sulphide mineralized lenses locally
adjacent to the gold mineralization (see NR dated April 12, 2010). The
Companies interpreted these sulphide lenses as important to the gold
mineralizing system and completed BHEM surveys in certain drill holes
to trace the extent of the massive sulphide mineralization and to help
guide drilling at depth.

Drill hole DES10-139 tested an off-hole conductor near the west end of
the DAC Deposit. The hole was also drilled deeper to fully intersect
the five DAC gold zones. Three lenses of massive sulphides were
intersected from 360 m to 374 m downhole. The lenses vary in width from
one metre to 3.2 m and are made up of mainly pyrrhotite and pyrite and
carry anomalous amounts of base metals confirming that the BHEM method
is effective at targeting the massive sulphide mineralization. The hole
also intersected anomalous amounts of gold at the western end of the
DAC gold zones. These results confirm that the wide envelope of
anomalous gold mineralization at the DAC deposit persists (Table 1).

DES10-140 tested the geology south of the DAC Deposit. This hole cut
several areas of shearing, alteration and weakly anomalous gold
mineralization. The hole returned one assay of 3.45 g/t across 0.3 m
(see Table 1) indicating the prospectively for more gold mineralization
at shallow depths across strike, making for a potentially thicker
deposit.

At the Zone 20 target area, more than 3 km east of the DAC deposit,
drill hole DES08-113X was deepened from 200 m to 550 m to test an
off-hole BHEM conductor and test Zone 20 at greater depths. The
conductor is explained by narrow veins of pyrrhotite and pyrite
mineralization.  Anomalous gold coincident with Zone 20 was intersected
from 468.7 m to 488 m (see Table 2).  The results from this hole
confirm that the gold system associated with the Despinassy Shear is
extensive along strike extending from the west of the DAC Deposit for
four kilometres to Zone 20.  The gold mineralization also persists at
depth both at the DAC Deposit to below 600m and Zone 20 to below 400m.

Table 1 Gold Mineralized Intervals from the 2010 - 3 hole exploratory
drill program*

 _____________________________________________
|Hole Name |From (m)|To (m)|Width (m)|Au (g/t)|
|__________|________|______|_________|________|
|DES10-139 |377.95  |406.25|28.3     |0.35    |
|          |414.8   |437.8 |23.0     |0.24    |
|          |450.0   |453.7 |3.7      |0.53    |
|          |518.75  |527.05|8.3      |0.34    |
|__________|________|______|_________|________|
|DES10-140 |118.05  |118.35|0.3      |3.45    |
|__________|________|______|_________|________|
|DES08-113X|380.4   |381.5 |0.95     |3.15    |
|          |468.7   |470.95|2.25     |1.01    |
|          |477.9   |488.0 |10.1     |0.34    |
|__________|________|______|_________|________|

*Based on core angles and previous drilling, true widths are estimated
at approximately 80 to 90% of the downhole lengths reported.
Mineralized zones generally start at 0.1 g/t gold and assay averages
may include minimal intervals of waste material.  No top cuts of assays
were used.

Summary and Future Plans

To view map please visit: http://www.pfncapital.com/s/NewsReleases.asp?ReportID=446047

The NI 43-101 resource estimate indicates that the gold zones start near
surface and are considered by the Companies to be amenable to an open
pit mining scenario. The DAC Deposit remains open along strike and to
depth and is one of several significant gold occurrences along a four
kilometre segment of the Despinassy Shear Zone. The gold mineralization
at the other occurrences also starts near surface, and with additional
drilling these other occurrences may add significantly to the contained
ounces on the property either as satellite zones to the DAC or as new
deposits (see Figure 2).

Results reported to date from the Destiny Project are very positive. The
recent drill program has confirmed anomalous gold values across strike
and give rise to the possibility that additional shallow mineralization
may be added to the currently defined resource through continued
exploration. The Companies believe that there is excellent potential to
significantly increase the contained ounces on the property.

A $4 million exploration and expansion program was recommended in the
report by Wardrop. Major exploration programs for later this year are
in the planning stages. The programs will consist of surface
geochemical surveys over the Despinassy Shear, to help locate specific
drill targets, followed by diamond drilling. The drilling is intended
to target additional shallow gold mineralization to increase the
viability of an open pit mining scenario for the project.

Qualified Persons

Todd McCracken, P.Geo, is a Qualified Person ('QP') for purposes of NI
43-101 Report.  He is responsible for preparing the Report and the
Resource Estimate disclosed in the Report. Mr. McCracken is an employee
of Wardrop, and independent from the Companies as described in section
1.4 of NI 43-101. He has read and approved the technical disclosure in
this press release pertaining to the Report.

Mike Koziol, P. Geo., P.Eng. is the Qualified Person who has reviewed
and approved the other technical content in this news release.

About the Destiny Property

The Destiny Project is under option from Alto Ventures Ltd. Under the
terms of the option agreement, PFN can earn a 60% interest in the
property over a four year period by completing $3.5 million in
exploration expenditures, paying $200,000 and providing a total of
250,000 PFN shares to Alto. The property consists of 177 claims
totalling 7,421 ha and is located approximately 100 km by road north of
the city of Val-d'Or. The property is accessible by provincial highway
397 which passes through the property. Pacific North West Capital has
fulfilled its obligations for the first two years of the option term as
outlined in the agreement.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a
portfolio of highly prospective Canadian gold properties. The Company
is active in Quebec in the Abitibi greenstone belt where it has a
number of projects including the Alcudia and Destiny gold properties.
In Ontario, the Company is exploring in the Beardmore-Geraldton gold
belt and the Coldstream project in the Shebandowan gold district. In
the Chilcotin Plateau of British Columbia, the Company is exploring the
Chilko project nearby the Newton gold deposit. For more details
regarding the Company's projects, please visit our website at
www.altoventures.com.

About Pacific North West Capital Corp.

Pacific North West Capital Corp. is a mineral exploration company whose
corporate philosophy is to be a project generator, explorer and project
operator with the objective of option / joint venturing its projects
through to production. The River Valley PGM project is one of North
America's newest and largest primary platinum group metals (PGM)
deposits. The project located in the Sudbury region of Ontario.

On March 1, 2011 Pacific North West Capital Corp. announced a $5 million exploration program for 2011 that will include a 15,500 metre
drill program on its 100% owned River Valley PGM Project. Work to date at River Valley suggests that the best potential for
economic accumulations of PGM-Cu-Ni sulphide mineralization is within
the Breccia Zone. This Zone includes the main mineralized breccia or
Main Zone. The Main Zone occurs within about 20 m of the intrusive
contact with Archean gneisses. This contact zone extends for over 9 km
of prospective strike length, holds the current defined resource and is
the main target of the Company's renewed exploration efforts. Drilling and geophysical surveys are planned to commence in the spring
2011. (see press release March 1 2011)

In January 2011 the Company successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum
Limited, making Anglo Platinum the largest shareholder of PFN holding
approximately 12% of the Company (see news release dated January 31, 2011).

On January 24, 2011, PFN announced a new NI43-101 mineral resource estimate on the Destiny Gold Project which is situated 75 km near Val-d'Or, Québec (see news release dated
January 24, 2011). The Destiny Project is under option from Alto
Ventures Ltd. Under the terms of the option agreement, PFN can earn a
60% interest in the property over a four year period by completing $3.5
million in exploration expenditures, paying $200,000 and providing a
total of 250,000 PFN shares to Alto.

The Company is currently completing a NI43-101 compliant resource
estimate on the Rock and Roll Polymetallic Project. The project is located in the Iskut River region of British Columbia
(see press release dated October 27, 2010). The Rock and Roll project
hosts volcanogenic massive sulphide mineralization, rich in precious
metals, in a volcano-sedimentary host rock package. The mineralization
shows similarities to the gold and silver rich mineralization of
Barrick Gold's past producing Eskay Creek mine. The Company also has
PGM, gold and base metal projects in Québec, Ontario, Saskatchewan and
Alaska and continues to aggressively look for new acquisition of
additional platinum group metals, precious metals on an international
scale.

In addition, PFN is a significant shareholder of Fire River Gold Corp (FAU:TSX.V) which company is developing the Nixon Fork Gold Mine in Alaska, which is slated for production in summer of 2011.

Pacific North West Capital Corp. is well funded with an experienced
management team and the ability to take advantage of its growing asset
base in Platinum Group Metals, gold and base metals. To that end, the
Company is in the process of adding key technical and financial people
to our management, advisory team and our board of directors. PFN has
approximately $6.6 million in working capital and securities. PFN has
approximately $6.6 million in working capital and securities.

Pacific North West Capital is a member of the International Metals Group of Companies. www.internationalmetalsgroup.com

On behalf of the Board of Directors

Harry Barr


President & CEO

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.

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